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…more
On the 6th April 2009 a new form of insolvency was introduced the Debt Relief Order (DRO). DRO is an alternative to bankruptcy that can provide people with low incomes and few assets with a way to get out of paying their debt in…more
A debt has a shelf life and if a creditor allows it to go stale they could find themselves with no remedy at all. The Limitations Act 1980 determines the time frame in which a creditor is permitted to issue legal proceedings for…more
A business that has no measures in place to protect itself from customers that go bust, risk going bust themselves. Indeed if a key account that generates 60% of revenue becomes insolvent that will have serious implications on…more
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