Category Archives: Debt Collection

Late payment of commercial debts: your legal rights

The late payment of invoices is one of the biggest problems businesses face according to BACS. In a 2017 study, the bank automated clearance scheme found that SMEs were collectively facing £14.2bn in late payments and commercial bad debts. While … Read more

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How to prevent late paying invoices

Customers paying late is one of the biggest issues for the UK’s SMEs. According to insurance company Zurich, the total ‘late payment debt’ for both large and small businesses in the UK now stands at £44.6 billion. It can be … Read more

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MP Fined for Unauthorised Telemarketing Campaign

An MP has been fined by the Information Commissioner for contacting members of the public who were members of a political party, without seeking their prior specific consent.

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Distressed by Loss of Personal Data

It has been announced today that Morrisons’ employees are suing their employer for loss of their personal data, which they are likely to argue has caused or is causing them distress.

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On The Road To Recovery

On the road to recovery According to research compiled by the Association of Business Recovery Professionals, R3, businesses in the UK saw an average of around one-in-six of their invoices being paid late, in the six-month period up to May … Read more

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Keeping Creditors in the Loop

A new initiative being considered could see more information provided to creditors in relation to enforcement of their Judgments. As it stands only a limited amount of information regarding enforcement is supplied to creditors which leaves them in a position … Read more

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A Sharp Intake of Breath?

Under new initiatives being proposed by R3, who represent business recovery professionals, individual debtors would be given a 28 day ‘breathing space’ in which to obtain professional advice regarding their debts. The aim of the initiative is to give debtors … Read more

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When to Apply to Bankrupt a Debtor

When owed money by a debtor, threatening a petition for bankruptcy is the strongest action that can be taken.  However, when chasing debts the aim is ultimately to ensure all of the debt is repaid and a petition for bankruptcy … Read more

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Don’t Pay the Price for Bad Practice

The Department for Business, Innovation & Skills (BIS) has announced its intention to introduce new regulations which require large businesses to report on their payment practices and policies.

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Important Changes To Debt Collection Protocol Due To Come Into Force In March & October 2015

Forbes Solicitors examines the impact of the upcoming changes to the debt collection protocol and how it will have an impact on businesses in the UK. In March 2015, it is proposed that a new debt protocol will be introduced … Read more

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