Debt Collection Sagas – I
Two tales of debt collecting A sad ending Recently we were pleased to receive instructions to collect over £9,000 due by a small firm of builders. The debt had accumulated more or less steadily over...
View ArticleDebt Collection Sagas – II
Romalpa – if he won’t pay, take your goods back I have long criticised the accountant’s approach to Romalpa Clauses – the term in the contract which allows the unpaid seller to re-possess his goods...
View ArticleDebt Collection Sagas – III
The Statutory Demand – a dangerous weapon or a cure-all? Getting really tough with the debtor Statutory Demands – the last resort Getting in all the monies due can often be a nightmare. Even with a...
View ArticleManage your debtors better
Safety first – Better control of your debts Do you really have control of your debtors? Anybody can sell if he does not expect to get paid. Time and again businesses achieve their sales targets, yet go...
View ArticleLate payers should pay interest
Interest or Penalties on Outstanding Accounts. Creditors should collect their interest On 1st November 1998 small business suppliers gained the right to charge interest on accounts paid late. For more...
View ArticleRent arrears – Landlords in difficulties
Landlords – not every instruction we get ends successfully. Approximately one in five enquiries these days come from landlords. The picture is almost always the same. The luckless landlord has given...
View ArticleSmall companies go broke easily
I am finding that small traders are not being careful enough about who their customers are. If the debtor pays there is no problem. If he does not, few realise that directors are just NOT responsible...
View ArticleLandlords, beware! (two possible lifelines)
We generally advise landlords trying to recover RESIDENTIAL rent arrears that unless they have a lot of time to spare they are on a hiding to nothing. The delinquent tenant, if they even know where...
View ArticleLandlords letting residentially
Guarantors. A good tenant can be a pleasure. A bad one a disaster. About one in seven of enquiries at the moment are from sad landlords chasing residential rent arrears. Often they have no idea even...
View ArticleDebt Collection Sagas – I
Two tales of debt collecting A sad ending Recently we were pleased to receive instructions to collect over £9,000 due by a small firm of builders. The debt had accumulated more or less steadily over...
View ArticleCredit Control – Any fool can sell if he doesn’t expect to get paid
With 40 years of debt collecting behind me, it is a constant disappointment how many customers coming to me for help do not actually know who their debtor is. If you give credit, then you really need...
View ArticleDebt Collection Sagas – I
Two tales of debt collecting A sad ending Recently we were pleased to receive instructions to collect over £9,000 due by a small firm of builders. The debt had accumulated more or less steadily over...
View ArticleDebt Collection Sagas – II
Romalpa – if he won’t pay, take your goods back I have long criticised the accountant’s approach to Romalpa Clauses – the term in the contract which allows the unpaid seller to re-possess his goods...
View ArticleBuilders & Advance Payments
Unfortunately it sounds perfectly reasonable that a builder should want an initial payment for materials before he starts. The trouble is that again and again we get involved because the builder never...
View ArticleLitigation – The nuts and bolts of suing
We regard suing as a last resort. There is however inevitably a small percentage of debtors whom we have not managed to persuade to pay whether in instalments or at all. Principally they fall into two...
View ArticleLOST TRACK OF YOUR DEBTOR? No address?
Every now and then a creditor comes to us with a debt and a sorry story and ends by confessing that they have not got the address of their debtor. We don’t consider it necessarily a lost cause. We...
View ArticleYou have secured judgment. Now the debtor still won’t pay
Is your judgment worthless? Little is more frustrating to the creditor than finding after he has won his case in court that his judgment debtor still will not pay. This company regards suing as a last...
View ArticleGoing for Broke?
THE STATUTORY DEMAND – A DANGEROUS WEAPON OR A CURE-ALL? GETTING REALLY TOUGH WITH THE DEBTOR Statutory Demands – the last resort Getting in all the monies due can often be a nightmare. Even with a...
View ArticleSafety first – better control of your debts
Do you really have control of your debtors? Anybody can sell if he does not expect to get paid. Time and again businesses achieve their sales targets, yet go to the wall, because they have cash flow...
View ArticleRent Arrears
Landlords – not every instruction we get ends successfully. Approximately one in seven enquiries these days come from landlords. The picture is almost always the same. The luckless landlord has given...
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