Expertise & Experience

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Debt Recovery

We, at NYK Law Firm, are familiar with the cash flow management concerns associated with credit default. We are familiar with the entire spectrum of commercial debt recovery techniques, including demand letters, recovery notices, and applications to wind up a company. To ensure that our clients have the strongest case possible, we place a high priority on meticulous record-keeping.

Our methods are designed to promote rapid commercial settlements and ensure that the maximum amount is recovered and are staffed with experts in debt collection who have generated excellent results for our clients in this field. In cases of non-viability or legal impediments, we make every effort to give all viable alternatives so that you can make an informed decision about whether to proceed.

Hot topics that may arise in debt recovery

Can the debt collector take me to court? If you do not make payment, the debt collection agency is within their right to take you to court. … If the debt is still not resolved after this point, then the agency can put a claim in to the court. A CCJ will then be registered against you.

For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts. If your home is repossessed and you still owe money on your mortgage, the time limit is 6 years for the interest on the mortgage and 12 years on the main amount.

A common misconception exists that credit card debt you owe disappears after seven years when it disappears off of your credit report. In reality, credit card debt you left unpaid does not go away. However, a creditor has a limited time in which to sue you for the debt, called the statute of limitations.

Key Contacts

Mohamed Said

Manager-Legal
📩 mohamed@nyklawfirm.com

Vaisak Unnikrishnan

Senior Associate
📩 vaisak@nyklawfirm.com

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We use our knowledge and experience to provide a complete legal service to clients in our core sectors.

Our legal professionals work hand to hand to ensure we efficiently cover legal inquiries across our practice zones. Thank you for your interest in NYK Law Firm.

    “Liberty is the right to do what the law permits.”

    Montesquieu

    plan of action

    A personalized treatment for each case

    Some cases may look alike but not always to the details. We always make sure we understand our clients to the nearest detail so we can provide optimal support. We take your issue and transform it to an opportunity so you make full profit from it.

    01

    One step ahead

    Our experience and expertise permits us to understand your issue faster.

    02

    building your case

    Details focused, we bring out a strategy for best possible result.

    03

    achieving your goals

    We follow-up the case closely, keeping you aware of it evolution.