Posts Tagged ‘Debtor’
Why Dealing With Complaints Makes Financial Sense
Having been committed to various roles in ‘Recoveries’ for the last decade or so … The sceptic in me always does a rigorous check to see if all angles have been covered before legal action is even considered. Now, you might be thinking – “Yes, I’ve covered everything All my letters/calls have been ignored.” Are…
Read MoreThrough The Looking Glass: When Debt Breeds Fear
Sitting in between my Clients; ‘Mrs’ on the left and ‘Mr’ on the right. Whilst talking, every so often ‘Mr’ would look over his shoulder, past the Mercedes on his driveway and out into the street. The same pattern would continue throughout through the meeting. Eventually I couldn’t help but agitatedly ask – “Why do…
Read MoreWow, what do you mean you’ve gone bust?
Wow Air, Primera Air, Flybe, XL….. What do the above have in common? Well, they’re budget airline carriers who operate in a no-frills capacity. It’s estimated that around 30% of airlines who start to operate go bust within the first two to three years of trading. But why? Simply because of high operating costs, broken…
Read MoreWhy Signing On The Dotted Line Could Cost You
B….t or B…….t As you can see one gap is bigger than the other….I let you fill in gaps 😊 Put quite simply, UK politics has never experienced a gap like last couple of months. There’s a tendency to leave things right up until the last month for individuals of any party to agree to…
Read More6 Steps For Dealing With Suppliers That Have Restructured
I previously worked for two companies that had gone through major restructures or name changes. This meant: a complete change in internal processes a drive towards different elements changes to internal bureaucracy This lead to a more streamlined approach, getting things done quicker, and was sometimes necessarily brutally for survival. … but it can come…
Read More3 Steps To Avoid Your Creditors Taking Legal Action
What is a HCEO (High Court Enforcement Officer) and what do they do? Britain’s civil police force will, by any legal means necessary, enforce you to give up assets to pay for a CCJ, or a Judgment Debt. Often, this could have been avoided many days/months/weeks before. A few years back, I about the epidemic…
Read More8 Tips For Small Business Owners With Late Paying Customers
Some Small Business Owners I’ve known unfortunately shoot themselves in the foot by issuing out maximum credit terms. I understand, it may be one of your biggest Customers – and you need to keep them happy … … but if you offer them terms, they are unlikely to pay within the normal 30 day term…
Read MoreWhat Is A Bankruptcy Petition And How Can You Avoid It?
In the UK, a debt of £5,000 is the minimum needed to serve a Statutory Demand on an individual. If ignored, this leaves you with the option to start bankruptcy proceedings. So, what is a A Statutory Demand? It’s an official document that serves as a notice to the debtor, (the person that owes you,…
Read MoreHow To Get Debtors To Pay Up
What can you, as a business owner, do to get those difficult debts in? Especially if December was tight and January is looking likely to be even tighter. Here are five steps that can help you get through those unpaid invoices: 1) Find The Reason What are the reasons behind those who haven’t paid you?…
Read MoreThe Gift Of Christmas Payment Plans
It’s that time of year again when we start to look forward to Christmas. Many of us will get the well deserved break that we’ve all been craving. It also tends to tip the scale on the amount of cash we see coming in – as a result of Christmas sales. But then the drag…
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