International debt recovery – multiple debts linked to same Director.
An international virtual office company passed us debts from four of its branches.
We established that a number of the debts were linked to the same director, and after discussions with our client found that a director’s guarantee was in place, despite him resigning from one of those companies.
Our collector was able to explain the implications to the debtor in such a way that he accepted liability and that the best outcome for him would be to resolve the matter without litigation.
All three of the balances were paid in full within weeks of passing the debts to Sterling, with late fees added to the debt, which meant that the debtor effectively covered the cost of Sterling’s service.