Insolvency – Churchill Recovery Solutions

Jul 10 2020 10th July 2020 29th July 2020 No Comment by admin

The pros and cons of taking legal action against late paying customers

Posted in Bailiffs, Business Debt, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Insolvency, Late Payment, Late Payment Interest, Late Payment Law, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge, Service Charge Dispute, Small Businesses, SMEs

With two in five small business owners (40%) saying that they are taking legal action against customers not paying them on time, we consider the pros and cons of taking legal action to recover what’s owed. According to new research from Hitachi Capital Business Finance, three in five small businesses are affected by late payments (62%)….

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Recover Payments Recover Your Debts Reduce Late Payment Small Businesses

Jun 20 2020 20th June 2020 12th June 2020 No Comment by admin

Top 5 excuses for late payments

Posted in CCJ, Chasing Payments, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Insolvency, Invoices, Invoicing, Late Payment, Late Payment Interest, Late Payment Law

Are you not being paid by someone or a client? We’ve put a list of ‘excuses’ that most companies use when you chase them for payment! 1. We can’t pay you until we get paid! “We are still waiting for payment from contractors/suppliers to make payment before we can pay you” 2. We sent you…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Late Payment Policy Late Payments Payment Terms Recover Payments Recover Your Debts Reduce Late Payment

Jun 12 2020 12th June 2020 12th June 2020 No Comment by admin

The history of debt collection

Posted in Bailiffs, Business Debt, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, History of debt collection, Insolvency, Late Payment, Late Payment Law, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge, Service Charge Dispute, Small Businesses

Ancient debt slavery The earliest recording of how debt was dealt with goes back to 3000BC and the ancient civilization of Sumer who populated an area that is now modern-day south east Iraq. Chronicles explain how a debtor who was unable to pay a debt along with their family and servants became debt slaves. They…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Late Payment Policy Late Payments Recover Payments Recover Your Debts Reduce Late Payment

Apr 25 2020 25th April 2020 12th May 2020 No Comment by admin

HOW TO AVOID LATE PAYMENT DISPUTES

Posted in Avoiding Debt, Business Debt, CCJ, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Insolvency, Interest, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Interest, Late Payment Law, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs, Unpaid invoices

While you may not encounter them often, disputes over payments can become a major problem and lead to your non-paying client or customer coming up with excuses not to pay you. To avoid this happening it is necessary to identify why these late payment disputes happen and close any loop holes that can be exploited…

Mar 20 2020 20th March 2020 20th March 2020 No Comment by admin

What cash flow support is available for businesses impacted by Coronavirus?

Posted in Business Debt, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Insolvency, Small Businesses, SMEs

HMRC coronavirus helpline If you are concerned about cashflow or tax, HMRC have set up a helpline for businesses worried about not being able to pay their tax due to coronavirus. HMRC will discuss your specific circumstances to explore: agreeing an instalment arrangement suspending debt collection proceedings cancelling penalties and interest where you have administrative…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery Coronavirus Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Recover Payments Reduce Late Payment Self Employed

Mar 10 2020 10th March 2020 20th March 2020 No Comment by admin

Service Charge Dispute

Posted in Business Debt, CCJ, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Recovery, Debtor, Debts, Enforcement Process, Insolvency, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge Dispute, Small Businesses, SMEs, Uncategorised

How to handle a service charge dispute Service charge disputes can be costly and time-consuming if not handled efficiently. Landlords have a responsibility to maintain the condition of all their residential and commercial properties. They may be able to recoup some of the costs of doing so by issuing tenants with service charges. There are…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Recover Payments Recover Your Debts Reduce Late Payment Service Charge Service Charge Dispute Small Businesses

Feb 17 2020 17th February 2020 17th February 2020 No Comment by admin

FCA says credit card companies are not doing enough to aid those in persistent debt

Posted in Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debts, FCA, Insolvency, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

The FCA has told credit card companies that they must do more to help customers who are in persistent debt. In 2018 the Financial Conduct Authority (FCA) introduced new rules aimed to help those customers who had been in persistent credit card debt for the last 36 months. Their recent research though has found that…

Tags:Churchill Recovery credit card companies Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery FCA Late Payment Policy Recover Your Debts Reduce Late Payment Small Businesses

Feb 17 2020 17th February 2020 17th February 2020 No Comment by admin

3.4% increase in funeral costs sees more people pushed into funeral debt

Posted in Avoiding Debt, Business Debt, CCJ, CCJs Issued, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debts, Insolvency, Recover Payments, Recover Your Debts, Recovering Debt

During 2019, the cost of dying increased by 3.4%, pushing more people than ever before into funeral debt. Last year saw funeral costs and funeral debt both rise to record highs, a trend that looks set to worsen in 2020. The ‘Cost of Dying’ report by SunLife found that during 2019 funeral costs continued to…

Tags:3.4% increase in funeral costs Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Recover Payments Recover Your Debts Reduce Late Payment Small Businesses

Jan 25 2020 25th January 2020 15th January 2020 No Comment by admin

‘Buy now, pay later’ credit options pushing consumers into high-cost debt

Posted in Business Debt, Cash Flow, CCJ, Charging Order, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, high-cost debt, Insolvency, pay later, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

Buy now, pay later loans have been around for many years, but recent deals have been accused of pushing young consumers into unaffordable debt. Buy now, pay later credit allows consumers to acquire items without paying for them upfront, instead they spread the cost over a set period of time. Sometimes referred to as shop…

Tags:Business Debt Buy now CCJ Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips high-cost debt Late Payment pay later Recover Payments Reduce Late Payment Small Businesses

Jan 15 2020 15th January 2020 15th January 2020 No Comment by admin

How and why your business should consider tightening up its credit terms

Posted in Churchill Recovery, credit terms, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debts, Insolvency, Late Payment, Late Payment Interest, Late Payment Law, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

Tightening up your business’ credit terms could help to save you time and money on chasing up late and non-paying customers. Businesses across the UK are facing serious financial consequences due to the late payment culture that is leaving them waiting months for the money owed to them. If you’re struggling to get your invoices…

Tags:Business Debt Churchill Recovery credit terms Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Late Payment Late Payment Policy Late Payments Payment Terms Recover Payments Recover Your Debts Small Businesses

Churchill Recovery Solutions

Category: Insolvency