Debt recovery USA
Author
Discussion

influential

Original Poster:

133 posts

214 months

Monday 23rd February 2009
quotequote all
One of my businesses is owed money by a UK company that is closing but that has a related US operation that's still functioning nicely. I suspect funds have been shifted from UK-to-US, and the directors are hoping those of us owed funds will just walk away. My company is one of many facing a decision on how best to try and chase these funds. I've got a debt mgmt company onto the UK side of things, but I fear it's good money after bad, as I'm 99% sure the UK operation is pretty much closed down.

Anyone got any experience on chasing debts to a US company?

(The usual story - phone calls, emails etc. all being ignored)

BigAlinEmbra

1,629 posts

243 months

Monday 23rd February 2009
quotequote all
We use overseas debt recovery agents and they've been not too bad. Not cheap, but a percentage of something is better than nothing eh?

Company we use are called OVAG.

LeeThePeople

1,302 posts

214 months

Tuesday 24th February 2009
quotequote all
My company do this, we are UK based and although we take a healthy commision we have done it for a long time and know what we are doing. Do you want me to get one of your agents to give you a no obligation call?

therealpigdog

2,592 posts

228 months

Tuesday 24th February 2009
quotequote all
before they can chase, you'll need to prove that the debt is owed by the US company - could be tricky.