Efficacious and pragmatic methods in debt recovery processes

This paper attempts to provide a simple guide to mainly lawyers, law teachers and other professionals on the necessary appropriate process for debt collection. It is assumed that before issuing letters of demand and pre-action notices, efforts would have been made to achieve amicable settlement of the debt recovery. it is posited that Lawyers are to ensure compliance with rule of law and not apply police intervention in purely civil matters. The preservation of debtor and reditor relationship is crucial for business continuity as in many cases; the debtors do not deliberately default on loans but may have been subject to macro-economic headwinds political risks and long indebtedness by government agencies for executed contracts.