Zoe, Akyea and Co.

Zoe, Akyea and Co. is a highly regarded law firm that specializes in one major area, among others: debt recovery. Devoted to pursuing unpaid debts on behalf of our valued clients, our robust process of debt recovery is outlined in the steps below:

1. Assessment and Documentation

In this initial phase, all pertinent paperwork related to the debt, including contracts, invoices, and any communications or agreed terms of service, is collected. The legal validity of the debt is evaluated and the most effective course of action is determined.

2. Issuance of Demand Letters

Formal demand letters are sent to the debtor. These letters precisely outline the amount due, the foundation for the debt, and the deadline for payment. Furthermore, these letters often caution about potential legal actions should the debt remain unsettled.

3. Negotiation

Upon receipt of the debtor’s response to the demand letter, we may engage in negotiations to arrive at a settlement or payment plan acceptable to both parties. These discussions could include lowering the total amount due, lengthening the payment term, or other concessions, such as refraining from applying interest to the principal sum.

4. Initiation of Legal Proceedings

If negotiations prove unsuccessful, or in cases where the debtor is noncompliant, we may initiate legal proceedings. This action may involve lodging a lawsuit in civil court to secure a judgment against the debtor.

5. Enforcement of Judgment

In the instance of a favourable court outcome, we may leverage various legal mechanisms to enforce the judgment and recover the debt. Methods may include wage garnishment, asset seizure, or positioning liens on the debtor's assets.

6. Compliance with Laws

Throughout every stage of the debt recovery procedure, we ensure strict adherence to all relevant laws and regulations governing the practices of debt collection, including the fair debt collection laws of Ghana.

7. Case Closure

Once the debt is recovered, we provide a comprehensive report to our clients, detailing the result of our recovery efforts. This culminates in the closure of the case, ensuring all legal and administrative matters have been appropriately resolved.