As a debt recovery solicitor one question I am regularly asked is when should I say enough is enough and pursue the debt I am owed? The answer is simple. The sooner the better. Our advice to the Essex based businesses we help is always, if you’ve chased a customer for payment with no success…
This October the new pre-action protocol for debt claims came into force. It applies to business creditors attempting to recover debt from an individual (this includes sole traders). Whilst the new protocol might help businesses and their debtors reach a resolution that may not otherwise have been reached, it will ultimately increase costs for both…
Some debtors, and occasionally their solicitors, believe that High Court enforcement of judgement against a limited liability company cannot be executed at a home address. I can confirm that this is not the case. Enforcement of judgement can and regularly does take place under these circumstances by Sherriff Officers, often with high success. The Sherriff’s…
It came as no surprise to me that a recent BACS study found SMEs in the UK are owed a staggering £26.3bn in overdue payments. As a debt recovery solicitor, I’m all too aware of the day to day impact late payments have on the Essex small businesses I help. The fact is, cash flow…
If you want to make sure that you stand a fighting chance of getting paid after you have done your work or supplied your goods or services, take note. Terry Maylin of TM Law solicitors is one of the best in the business at getting back money owed to his clients. The following is a…