Debtors – we’ve all got a few of them! Customers owing money are becoming more common these days, especially in the current climate. A failure to manage your debtors can be damaging to your business. You’ve got to nip it in the bud, and make sure the debts don’t turn bad. Here are a few …
Debt Recovery & Insolvency
I have previously written in the past about the debt recovery process on our blog – if you’ve read it, I hope that you found it helpful.
Don’t ignore letters of demand issued by your creditors – particularly if they are a certain type called a “Statutory Demand”. These demands can be issued to companies and the consequences of failing to respond to one of them can be severe.
The debt recovery process can be long, complicated, and stressful. We lots of questions about the process from our clients, trying to make head or tail of it. We’ve put together a short explanation of what the process looks like.
Businesses usually work hard to provide goods and services to others and are excited about delivering their products to their customers. However, it is surprising how many businesses forget about the importance of getting paid.