Category: Insolvency

  • 500,000 Loans Written off Following Debt Collection Failings

    News that 500,000 Loans have been written off due to failings in collection proceedings should act as a warning to businesses who don’t play by the rules on debt collection. The startling figure relates to car loans and pay day loans which were sold onto a debt recovery firm which didn’t stick to the correct…

  • Rise In Invisible CCJs

    County Court Judgements are on the rise amongst people who are unaware they have received them according to an investigation by the Daily Mail Newspaper. This has left many families distraught that they have been prevented from buying houses or worse having to sell homes and businesses to pay off debts. The process of issuing…

  • How To Trace A Debtor If They Have Gone Missing

    If there is one thing more annoying than not receiving the money you are owed, it’s a debtor who seems to have disappeared. So how do you go about finding a missing debtor? One of the common problems we see when people approach us for debt recovery services is a debtor who seems unwilling to…

  • They Didn’t Pay You – Should You Use A Debt Collection Agency To Get Your Money?

    If you are a business owner with experience, you will know that there are always those clients who pay on time and those that try to buy some extra time. If you are a small business owner, the latter can end up killing your business if you are not careful so when should you use…

  • Should You Name and Shame Late Payers On Social Media?

    If there is one thing that kills businesses, it’s late paying customers and unfortunately there will be plenty out there willing to leave you struggling to keep your business going. In the past business owners would have been left seething in silence and waiting to get their revenge thorough some form of debt recovery –…

  • Should You Name and Shame Late Payers On Social Media?

    If there is one thing that kills businesses, it’s late paying customers and unfortunately there will be plenty out there willing to leave you struggling to keep your business going. In the past business owners would have been left seething in silence and waiting to get their revenge thorough some form of debt recovery –…

  • CCJ – What Happens After A Judgement In Your Favour?

    After you have exhausted all your attempts to recover debts from a company or individual, there is always the final option of taking them to court. For smaller debts business owners opt for the small claims court and this can often result in a judgement issued against the defendant and money being recovered in most…

  • Indebted Businesses Could Be Given US-Style Insolvency Protection

    If a business owes you money you may need to act sooner rather or face a longer wait to be paid under new proposals for US-Style insolvency protection. Businesses that find themselves in financial difficulties and pursued by creditors may soon have an extra six weeks to help them recover and turn things around. At…