-
Tips to avoid debt
Debt can quickly spiral out of control and become a major burden, so it’s important to take steps to avoid it. Here are some tips to help you stay debt-free: Create a budget: A budget is a crucial tool to help you manage your finances and avoid debt. Make sure you account for all of…
-
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…
-
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…
-
Credit management and debt recovery specialists
Churchill Recovery Solutions aim to improve the cash flow of our clients. Our managed legal service means we support you through legal action to ensure you recover the money that’s rightfully yours. Our fully trained staff are able to advise and navigate you through the legal process from starting a claim through to enforcement if…
-
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…