Dispute Related Debt
Our team are highly skilled mediators and specialise in debt mediation for businesses across the UK. We have helped 1000s of UK companies work through disputes around debt and avoid expensive court judgements and fees.
The reason for non-payment may be a dispute, perhaps about the amount, the product/service delivered or contract terms. It may even be relating to a dispute about another contract which has blocked this one. In these circumstances, mediation can be very effective, particularly if the parties would wish to continue their business relationship.
When debt mediation can help the “can’t pay” case
On the face of it, the “can’t pay” may look like a lost cause, but mediation does at least allow for a discussion on what non-monetary and monetary later options might be available.
It is amazing what parties looking to continue a relationship can achieve through mediation.
Mediation or legal action?
The decision to use debt mediation or legal action will depend on the circumstances, but there are many strong reasons to consider mediation:
Lower cost – debt mediation is far lower cost that court action, even if you represent yourself at court. With legal action, the losing party may be instructed to pay the legal costs of the other party.
Faster – Mediation is usually concluded within one day, two at most. It continues until an agreement is reached. Court cases can take weeks or months to even get a court date
More certainty – once an agreement is reached, including payment details, this is legally binding on the parties and can be promptly enacted.
Payment – being awarded a judgment is no guarantee of payment and you still may need to undertake enforcement action and further delays.
Judges like mediation – if you have tried debt mediation before going to court, the judge will look favourably on that and won’t add further time delays by insisting you try mediation first
Get in Touch Today
You can contact Jeremy on 0345 260 0101 or alternatively send Jeremy an email.
