Tag: Business Debt

  • Is It Time to Recover Those Historical Debts?

    Most successful businesses will have to deal with write offs at some point and for some it can be a regular problem in every financial year. Write offs happen when a business simply writes off unpaid invoices because pursuing payments is seen as not being worth the effort or it will end up costing more…

  • Taking Your Client to Court Over Debts

    Legal proceedings are not to be taken lightly and even more so when it comes to debt recovery and there are pros and cons to be considered when it comes to recovering the money a client owes you. To put it bluntly, taking your client to court is pretty much guaranteed to destroy the relationship…

  • Should You Offer Your Late Paying Customer A Payment Plan?

    In an ideal world all of our clients would pay us on time and in full. Unfortunately sometimes this isn’t the case for all sorts of reasons some of which may be legitimate while others are simply delaying tactics. Telling in the difference between the two can be hard but as a general rule you…

  • Lack of Awareness Of Late Payment Law Could Be Costing You Money

    Late paying customers are not only a nuisance, they can also cost your business more than the sums they owe. Fortunately there are laws to protect your business from late paying customers and it is worth reading up on them if you ever need to take advantage. So the first thing to do if you…

  • Should You Be Prepared To Do A Deal With A Late Paying Client?

    There are a multitude of reasons why a client doesn’t pay an invoice from simply being an oversight to an attempt to cheat you out of money that is rightfully yours. So in what circumstances should you be prepared to make a deal over an unpaid invoice? This decision is a difficult one to make…

  • If You’re Thinking of Writing Off Bad Debt, Read This First

    A common reaction of business owners to non-payment is to simply give up the pursuit and simply write money owing off as a bad debt. This is usually because the perceived cost and hassle involved with debt recovery seems to outweigh the benefits. Yet writing off bad debt means two things, you don’t receive the…

  • Don’t Want To Go To Court Over Debt? Issue A Winding Up Order Instead

    If one of your business customers owes you money and you don’t want to go through all the hassle and expense of taking them to county court and through a long litigation process, then a winding up order could be a better alternative. Winding up orders can be used when a company owes a debt…

  • 3 Occasions When You Might Need Help From A Debt Recovery Agency

    Occasionally in business you will have the misfortune of dealing with clients who regularly pay late or worse still don’t pay at all. Attempting to get rogue clients or customers to pay up can sap the energy out of your business and an increase in stress levels. You also have the added dilemma of not…