Let the Money do the Work.

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This article will teach you how to run your business not on principles but on Cost versus Reward. Where is the reward in paying a solicitor £2,000 to collect a £2,000 debt where costs are irrecoverable, conversely where costs are recoverable where is the reward in paying a solicitor £6,500 to recover a £10,000 debt when the debtor is insolvent. There is no reward in pursuing the collection of debts of £400 or less in the courts because costs are disproportionate. With the correct processes and rules in place everything will happen on time, you will allow business to enter your life that is good not bad for you.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Carlo Pegna | Attorney Advertising

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