Category: Business Debt

  • CAN LANDLORDS EVICT TENANTS IF THEY HAVE BEEN AFFECTED BY THE CORONAVIRUS PANDEMIC?

    An article from Property Wire has advised that Landlords who look to evict tenants once the eviction ban ends on August 23rd need to disclose whether a tenant’s circumstances were affected by the pandemic. If the situation isn’t properly investigates and disclosed, judges could throw some cases out of court. The article has said that…

  • Bailiff crisis hit repossessions

    Pre-Covid signs were promising. Possession action was falling with figures from the first quarter of this year the lowest in 20 years. However even before the pandemic saw courts close for six months, there was a backlog of cases, as they were operating at full capacity. With increasing numbers of landlords having to use bailiffs…

  • Payment holidays are due to end on October 31, but there is still a way to get financial support

    Martin Lewis urges people with debt to apply for a payment holiday before the support ends in a few days. Martin Lewis has issued an urgent warning to anyone across the UK struggling with their finances due to the ongoing coronavirus pandemic. Writing in the latest edition of the MoneySavingExpert.com newsletter, the consumer champion had…

  • Council tax support options explained

    COUNCIL TAX, as many bill payers will know, can be a substantial outgoing when it comes to monthly bills. A few weeks ago, the temporary ban on face-to-face collection of debts came to an end – leaving some no doubt wondering what forms of support may be out there. The government’s five-month emergency suspension on…

  • Bailiffs return but are told not to shout

    A report from BBC News has reported Bailiffs that are resuming operations in England and Wales are being told to keep their voices down to protect against coronavirus transmission. They will be chasing unpaid council tax after a five-month suspension. Debt charities have warned of a surge in cases, prompting financial and health risks. But…

  • How to approach rental arrears in a COVID world

    In the wake of COVID-19, local councils and housing providers have been jolted into finding new ways of delivering services and interacting with their tenants – especially when it comes to income collection and rent arrears. Increasingly, we’re seeing providers employ innovative strategies while moving from debt recovery to support provision. Behavioural insights tell us…

  • Your options when a debt becomes overdue

    Once an invoice exceeds its credit terms, the likelihood of collecting the debt decreases as it grows older, which is why it’s worrying to see that 30% of businesses now classify more than 10% of their debtor book as over 90 days old. DIY Firstly, if you have a dedicated credit control team in house…

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

    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%).…