Our Debt Recovery Unit recently held a webinar covering some current challenges facing practitioners. You can watch a recording of the webinar in this blog.
Read moreThe Sixth Edition of Salinger on Factoring was recently published. This key work is the leading authority in invoice finance and is used by many of our clients Spratt Endicott are very fortunate and proud to have been mentioned in the preface. A very big thank you to the fantastic Simon Mills of Five Paper […]
Read moreIt needs pointing out to no one that these are strange and uncertain times. Dealing with the Courts is certainly no exception to that current rule. Things are changing on a day to day basis. So much so in fact that Court Service is issuing a Daily Operational Update on its website detailing such matters […]
Read moreAs the world continues to react to the impact that the coronavirus pandemic has on the global economy, businesses prepare for an extended period of reduced operation and remote working. Cashflow is always a huge consideration for any organisation, in this unprecedented situation it is more important than ever that your business is limiting outstanding […]
Read moreGood credit control can avoid the need to take debt collection action. However, when a debt arises and remains unpaid, swift and effective measures need to be taken to maximise the chances of recovery. To do this sometimes, you have to hire a professional, after all, you have your business to run and dealing with […]
Read moreThe Pre-Action Protocol for Debt Claims (“PAP”) is part of the Civil Procedure Rules which govern how parties deal with litigation claims through the County Court. This is the first time that pre-action on a debt has been specifically covered in the rules. Does it affect me? If you are a business that ever has […]
Read moreAs of 1st October 2017, debt recovery and collections in both the commercial and consumer world is going to see a big change with the introduction of the debt recovery Pre-Action Protocol (‘PAP’). There has been a previous pre-action protocol, introduced in 2014, which was in many ways accepted as a sensible approach to collection […]
Read moreOnce a person has left a place of work, it seems they are no longer beholden to their former employer and beyond the reach of the powers that be within an organisation. When it comes to money that’s owed, businesses may feel that there is little that they can do to get that money reimbursed. […]
Read moreConsumer debt is once again on the rise The UK is riding the wave of yet another credit boom. The current levels have climbed dramatically over the last few years, and are now reaching heights not seen since the 2008 financial crash that triggered a global recession. In February of last year 2016, the Bank […]
Read moreAs with any business, it’s important to choose your customers carefully. However, this is easier said than done. When our clients are faced with pursuing a current customer over unpaid fees, there are a number of things we instruct them to consider, especially if they wish to continue to do business with that customer in […]
Read moreOver the last few years, we have seen the rise of the Litigant-in-person (“LIP”). To lawyers, this is only even more concerning than the rise of the robots. However, it is unlikely that LIPs will take over the world so perhaps I should be focussing on the robots after all! LIPs are on the increase […]
Read moreAt the risk of doing myself out of a job, I am about to give you some knowledge that, if used correctly, should reduce the amount of your customer accounts that go into debt and make it much easier for you to recover the money owed to you from the ones that do go into […]
Read moreWelcome to the third article in this amazing series which looks at what you can do to try to extract money from a stubborn business debtor. In the first article I looked at the potential benefits and detriments of issuing a County Court Claim and in the second article I examined what you could do […]
Read moreThose of us who have the misfortune of dealing with the County Courts system in England and Wales will know that the changes over the last few years to modernise and make the system more efficient have done anything but that. The costs to use the system go up and the quality of service goes […]
Read moreThe Truth! Does another business owe you some money? Are they being a pain about paying you? If so, you’re probably wondering how best to persuade them to hand over the cash to you. The truth of the matter is that it probably is not going to be that easy. Sorry. I know that is […]
Read moreOutsourcing collections can be an effective method of recovering payment from bad debtors. In some cases the only prompting a debtor needs to pay is a letter advising them a “Debt Recovery Specialist” has been appointed. Delivering value from outsourcing is paramount in helping to reduce bad debt, expense and collection costs. In this highly […]
Read moreWhile there are smart ways to avoid the debt collection process, sometimes you have to hire a professional. After all, you have your business to run and dealing with delinquent accounts can be draining on your resources, time and patience. That said, not every debt collection specialist is created equal and not every company will […]
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