We outline the best steps you can take to defend your claim and contest the debt demand If you receive a debt demand for payment from someone, our advice is…deal with it straight away! And by ‘deal with it’ we mean contact the party making the demand and either arrange to make payment if you…
Understand what a Directors Guarantee is, and how having one can help make sure your B2B business gets paid on time. If your business provides goods or services to a limited company, then a Directors Guarantee should be part of contract process. Why? Because a Directors Guarantee is a personal guarantee and means that the…
Whether your business provides services or sells goods, the clearer your contractual terms the better, and the quicker your likely to be paid. But, what exactly should you include in your Terms and Conditions document? To help, TM Law solicitor Aidan Squire outlines the basics… Fundamentals Terms and Conditions can and should be very detailed,…
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…