Collection World Group Logo
HomepageAbout Us Corporate GovernanceCode of EthicsServices Overview    Outsourced Accounts Receivable    Early Stage Collections    Late Stage Collections    Written Off Accounts    Litigation Recovery Services    Skip Tracing Services    Field Calls and Process Serving    Credit Management Consultancy    Corporate Collections Training    Debt Ledger AcquisitionClient Satisfaction PolicyIf You Owe A DebtIf You Are Owed A DebtContact UsClient Login

Written Off Accounts

Collection World Group has extensive experience and expertise in collecting debts clients have chosen to write off. Our expertise works to deliver results and return of lost revenue where all other attempts have failed.

Each financial year at various stages companies, businesses and professional service providers decide to write off debts for a variety of reasons. Often one of the primary causes is simply that debtor is no longer locatable. Also, there is a common misconception that once a debt is “officially” written off there is no possibility for further recovery, or, that it is no longer commercially worthwhile to pursue recovery.

In most cases written off debts remain legally collectable for up to five years, subject to statute barring, debtor bankruptcy or company liquidation. Except for these circumstances, the debt remains due and payable and remains a viable source of additional revenue and cash flow.

How the Service Works
Just as in the case of late stage referrals, once the client's files have been referred, Collection World Group acts immediately to begin to recover the debt. The appropriate collection strategy is determined and implemented and, at the same time, your files are assigned to an Account Manager who has responsibility for overseeing performance, compliance, reporting and client satisfaction.

Often skip tracing and other investigative search services are required and Collection World Group has the appropriate internal expertise to deliver results.