What we cover

• ‍Recovery of goods that are subject to Regulated and Unregulated Hire Purchase and Lease/Hire Agreements
• ‍Shortfall Claims.
• End of Contract Claims.

How we do it

• Advise you of the best course of action, dependent on your individual needs
• Negotiate Voluntary Surrender of the goods where possible.
• Commence Recovery of Goods legal proceedings and pursue to conclusion.
• Identify the appropriate means to enforce Judgment and pursue to Conclusion.

Negotiate and manage payment proposals to:

• clear any arrears pre-termination;
• under a Suspended Recovery of Goods Order;
• to repay any shortfall amount; or
• post-termination hire charges

Key contact

Debbie Mottley

Debbie.mottley@stevensdrake.com‍

The recovery process

The recovery of goods

• Establish contact with the debtor.
• Encourage voluntary surrender of the vehicle.
• Where appropriate, Recovery of Goods proceedings taken by experienced and highly trained staff.
• Proceedings monitored to conclusion.
• Attempt to obtain a Money Judgment at Court to save costs should a shortfall arise after recovery and sale of the goods.
• Vehicle recovered/ defleeted and auctioned by one of our carefully selected contractors, upon request.

Shortfalls

• When a Shortfall arises, a Letter Before Action sent within 24 hours of Referral.
• Attempts made to prompt payment without the need for proceedings, whilst identifying a means to enforce.
• Payments reviewed and monitored on a regular basis.
• If payment not received, where Money Judgment not already obtained, convert ROG Order to Monetary Judgment. Enforcement proceedings considered include Attachment of Earnings Order, Charging Order, and Possession Proceedings.

Litigation Support

• Extensive experience in contentious Litigation.
• Bulk and bespoke Litigation tailored to your needs.
• Pursue and collect defended recovery and shortfall cases.
• Provide complementary risk avoidance training and support.
• Flexible funding.
• All provided through a dedicated point of contact.

Insolvency Support

• Complement our ROG team, ensuring your optimum result in insolvency cases.
• Provide you with experience and expertise in insolvency matters.
• In house training on effects of and dealing efficiently with insolvency.
• Develop a strategy with you maximising your recovery for an actual/ forthcoming insolvency.
• Investigate fraudulent debtor behaviour.
• Work with/ against Insolvency Practitioners to maximise net recovery.

Litigation support - Our objectives

Specialist Litigation support for complex matters.

What we do

• Defended/Counterclaim cases
• 'Stand alone' claims against you.
• Disputed shortfall/ End of Contract Claims
• Disputed excess mileage/ damage claims
• Unlawful disposals
• Defended Conversion Claims

How we do it

• Minimize your costs with flexible CFA funding, blended or capped rates.
• Experienced staff.
• Streamlined process and maximise Organisation.

Key contact

John Lovatt

+44 (0) 1293 596942

john.lovatt@stevensdrake.com

Ian Price

+44 (0) 1293 596941

ian.price@stevensdrake.com

Insolvency support - Our objectives

Getting the best recovery for you by practical, cost effective solutions.

What we do

• Complement our Recovery of Goods team ensuring your optimum result.
• Provide you with experience and expertise.
• Develop a strategy with you maximising your recovery for an actual/ forthcoming insolvency.
• Help you maintain your cash flow by negotiating transfer to a new company where appropriate.
• Investigate fraudulent debtor behaviour.
• Work with/ against Insolvency Practitioners to protect your interest.

Case studies

• Transfer of equipment leasing arrangements: Agreement settled with Administrators and third parties, recovering over $2m from the Administrators.
• Recovery of vehicles and sums from Administrators: Recovery where sub hirers in possession under Client's main hirer.
• Recovery of sums wrongfully retained by Administrators: They kept vehicles for use in administration.

Key contact

Gavin Pickering

+44 (0) 1293 596976

gavin.pickering@stevensdrake.com