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Small businesses often rely on their cash flow to keep their daily operations running, which is why unpaid debts owed to such businesses can threaten their ability to remain operational. With smaller debts, it is sometimes worth writing them off rather than pursuing legal action, but even though it ...
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With an expensive Christmas, increased business and interest rates, we all want the money owed to us back in our pockets. Business or individual, most of us cannot afford to write off debt, yet so many of us do. Why? You will be astonished to learn that £5.8 billion in the UK was written off by...
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On 1 October 2017, the Pre-Action Protocol for Debt Claims (“the Protocol”) came into force. This is essentially a set of rules which need to be adhered to before Court proceedings will be issued for debt claims. A brief overview of the Protocol is set out below. Who does it apply to? The...
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Cash flow is important for all businesses and can come to an abrupt halt if a customer fails to pay an invoice on time. If you work for a company and a customer has failed to pay an invoice that has fallen overdue, you are legally entitled to commence enforcement action to recover the debt which is ...
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