Herold Gie’s debt recovery team is experienced in providing commercial recovery advice and debt collection services. The direct intervention of our firm often results in greater recovery of outstanding accounts and bad debt. In many instances the fear of prompt and substantial legal action results in recovery of outstanding obligations without legal action becoming necessary. Having the sheriff show up takes your unpaid account to a new level of importance to the debtor and the debtor is often inclined to rather pay the debt or enter into an undertaking to pay by way of installments.

We understand that many businesses simply cannot expand or grow with reduced cash flow and with the skill and expertise of our professionals, debt collection methods have been developed to ensure substantial recoveries for creditors of all sizes, including banks, landlords, homeowner’s associations, retail companies, manufacturers and small businesses. We have an experienced staff of litigation lawyers who are experts in collection remedies including liens and garnishees. We have access to extensive computer data basis and tracing facilities to help us locate a debtor and his assets.

We aim to work as a team with your credit control department and maximize your cash flow. Using our expertise we recommend a plan for debt recovery. This may be a discreet approach where you wish to maintain a long standing business relationship or a more aggressive programme for a debtor with whom you no longer wish to trade.

We set high standards and pride ourselves on providing an effective and efficient service. Our core strength is our personal service providing successful methods of ensuring payment and assistance with installment planning for debt recovery.

We also specialise in the following areas:

» Asset Based Recoveries» Liquidations» Insolvency & Sequestration» Enquiries & Interrogations» Compromises» Rehabilitations