Tag: Recover Payments

  • What are the causes of business debt?

    The effects of business debt can be catastrophic; without finance to pay wages, purchase new inventory or repay debts, businesses cannot function as they should. This throws a spanner in the works when it comes to developing staff skills and product/service quality – something banks take into account before offering support. It takes just one…

  • Does Debt Die With You?

    What happens to debt when you die? When you pass, your unpaid debts are not forgotten. It’s the executor of your Will that is legally obliged to distribute any remaining debt among rightful creditors. But be warned – if a debt exceeds the value of an estate it can leave those behind unable to make…

  • Paying bills and expenses after someone dies

    When someone passes away, settling their estate involves discharging all outstanding debts and managing expenses related to their death – such as funeral costs. It’s important to ensure that a deceased person leaves behind a legacy of balance for those left behind. When someone has died, their estate is liable for paying their outstanding debts.…

  • Late Payment – what are my rights if a supplier refuses to pay on time?

    As a small business owner, getting paid on time for all your transactions is essential. A late payment to a small business affects the business in many ways, from potentially not being able to pay staff or not being able to pay rent on time. What is the Late Payment of Commercial Debts (Interest) Act…

  • Prevention and management of rent arrears

    Timely rental collection is key to maintaining a healthy revenue stream. Ultimately, this is what makes a functioning property business where bills are paid on time and balanced in accounting books. However, rent arrears have increased nationally in the last few years, presenting concerns for landlords and the government around reliance on legal action. This…

  • More than two million UK households are in debt

    The number of UK households in arrears on their energy bills soared to record levels in the second quarter of this year, with more than two million behind on their electricity payments. The number of UK households in arrears on their energy bills soared to record levels in the second quarter of this year, with…

  • Home visits from debt collectors

    Your creditors can use different ways to get you to pay your debts. One way is to send a debt collector to visit your home in person, although they will often call or write to you first. You are not obliged let a debt collector into your home and they don’t have the right to…

  • Retail Home Shopping

    Consumers don’t need to venture outside of their front door to shop for home, personal, gifts and gardening items. There are 24 hour television channels dedicated solely to the home shopping audience. The internet also serves as an easy way to click a shopping basket full of items that, many times, are bought on a…