Trustur AI
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Trustur AI
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Done for you in 10 minutes.
Receive a structured analysis evaluating the likelihood and cost-effectiveness of pursuing an outstanding debt. This assessment helps you decide whether to proceed with legal action, negotiate a settlement, or write off the balance.
10 minutes · Get one month for $19.99 · Already have an account? Sign in ›
Chasing unpaid invoices or outstanding loans can quickly become an emotional drain and a financial black hole. A Debt Recovery Feasibility Assessment is your strategic sanity check, designed to help you decide whether to pursue a debtor, negotiate a settlement, or cut your losses and write off the balance. You need this assessment the moment standard payment reminders fail and you are tempted to hire a lawyer or a collections agency. A high-quality assessment goes far beyond verifying the amount owed. It conducts a deep dive into the debtor’s financial health, active assets, employment status, and outstanding judgments, while weighing these factors against the estimated legal costs of recovery. By transforming guesswork into a clear, data-driven cost-benefit analysis, a great assessment ensures you only spend money on recovery efforts that have a genuine, mathematically sound chance of putting cash back into your business’s bank account.
In most jurisdictions, the time limit to legally sue for an unpaid debt ranges from three to six years from the date of default. Once this period expires, the debt becomes time-barred, meaning you lose the legal right to enforce collection through the courts.
If a corporate debtor has filed for formal bankruptcy or liquidation, you must register as a creditor with the trustee to receive a payout from any remaining assets. If the business simply closed its doors without formal bankruptcy, you may be able to pursue the directors personally if they signed a personal guarantee.
Legal costs vary widely, but initiating a basic small claims action can cost a few hundred dollars, while a full-scale civil lawsuit frequently exceeds several thousand dollars. A feasibility assessment prevents wasted expenditure by ensuring these estimated legal fees do not outweigh the actual value of the outstanding debt.
Secured debt is backed by collateral, such as a property or vehicle, which you can seize and sell if the debtor defaults. Unsecured debt has no collateral backing, meaning you must obtain a court judgment before you can attempt to garnish wages or levy bank accounts to recover your funds.
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