Articles related to ‘Debt Collection’
Wednesday, 14 September, 2011 | Alan Knowsley
Rose and John bought their first home together with the help of a mortgage from the bank. They both worked at a shop in town. However the shop’s business decreased alarmingly during the recession and it was forced to close.
Rose and John both struggled to find new jobs and with only their savings to live on they could no longer meet their mortgage repayments. Unfortunately, they were served… Continue reading
Thursday, 16 June, 2011 | Alan Knowsley
In these difficult economic times many debtors are holding back and delaying making payments unless put under pressure to do so. I have recently acted for several firms who have been under financial pressure due to their debtors delaying payments. Timely action has resulted in immediate payment of the debts much tot he relief of the clients. Their poor cash flow was threatening their business, but they are now back… Continue reading
Thursday, 17 February, 2011 | Alan Knowsley
Debtor Control Seminar
In these difficult economic times many debtors are holding back and delaying making payments unless put under pressure to do so. I have recently acted for several firms who have been under financial pressure due to their debtors delaying payments. Timely action has resulted in immediate payment of the debts much to the relief of the clients. Their poor cash flow was threatening their… Continue reading
Thursday, 17 February, 2011 | Alan Knowsley
Debtor Control Seminar
In these difficult economic times many debtors are holding back and delaying making payments unless put under pressure to do so. I have recently acted for several firms who have been under financial pressure due to their debtors delaying payments. Timely action has resulted in immediate payment of the debts much to the relief of the clients. Their poor cash flow was threatening their… Continue reading
Tuesday, 18 January, 2011 | Alan Knowsley
A liquidator’s job is to obtain all available funds to share on an equal basis with all creditors.
If the liquidator considers that payment to a creditor has given them a preference over other creditors, then the liquidator may file a notice within two years of the liquidation to have payment set aside, and require the return of the funds that were paid to the creditor.
The rules… Continue reading
Monday, 17 January, 2011 | Alan Knowsley
If you have a registered security to protect a debt you cannot shift the security to another property without going through a proper process.
I was contacted recently by a client regarding their security registered over one of their customer’s properties. The customer was a director of a number of companies and wanted the security which was currently registered under the name of one of his companies to be… Continue reading
Monday, 17 January, 2011 | Alan Knowsley
The best way to deal with bad debts is not to have any at all! How can this be achieved?
- Diligent, regular book keeping.
- Stringent credit checking of applications for new accounts.
We can assist with systems to avoid bad debts.
However, every firm at some time has bad debtors, and for the sake of the company’s survival and the job security of its employees… Continue reading
Monday, 20 December, 2010 | Alan Knowsley
When going to the Disputes Tribunal you need to ensure you prepare your case as well as possible to get the best result, as there are no practical appeals if you don’t.
In a recent case, even though lawyers are not permitted to represent people in the Disputes Tribunal, we assisted with preparation of the case and this enabled the best evidence to be put forward and holes… Continue reading
Monday, 20 December, 2010 | Alan Knowsley
In the running of your business you may find that you have serious concerns about getting paid by a debtor.
You do not have to watch helplessly as your debtor wastes money or disappears while you wait for a Court order.
In certain circumstances the Court can make orders protecting a debtor’s assets which will secure a creditor’s position until a Final Judgment can be made about this… Continue reading
Monday, 20 December, 2010 | Alan Knowsley
When your customers fail to pay their credit accounts by the due date and it comes time to pass the matter over to your solicitors for more serious recovery action, having quality terms of trade can prove invaluable.
Not only can terms of trade allow you to pass the costs of recovery on to your customer and allow for interest to run on the outstanding balance to the date… Continue reading
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