This episode looks at debt recovery services in London by Corporate Debt Recovery Limited. They highlight their no-win, no-fee policy, tailored solutions, and commitment to maintaining positive debtor relationships. The agency emphasises efficient and effective debt recovery, saving clients time and resources, and providing peace of mind. Additional blog posts on various debt-related topics are also listed.

This episode explains Individual Voluntary Arrangements (IVAs), a UK debt management solution. IVAs are legally binding agreements where individuals repay debts over 5-6 years, avoiding bankruptcy. An insolvency practitioner facilitates the process, creating a manageable repayment plan approved by creditors. Benefits include affordable repayments, legal protection, and potential debt write-off, but drawbacks are a damaged credit score and public record. The text also includes contact information and other services offered by Corporate Debt Recovery Limited.

This episode explains debt management plans (DMPs), which are programs helping individuals manage overwhelming debt. DMPs involve credit counselling agencies negotiating lower interest rates and simplified payments with creditors. The benefits include reduced interest, easier payment processes, faster debt repayment, and potential credit score improvement. However, potential drawbacks such as fees and initial negative credit score impact are also discussed. Ultimately, the article advocates for consulting a credit counsellor to determine DMP suitability.

In this episode we explain Debt Relief Orders (DROs), a debt management plan for individuals in England, Wales, and Northern Ireland with low income and assets under £1000. A DRO allows for debt write-off after 12 months, offering protection from creditors and affordable repayments. Eligibility criteria include total debt under £20,000 and disposable income below £50 per month. The article details the application process and benefits, ultimately advising readers to seek professional advice before applying.

In this episode we look at what is the County Court Business Centre (CCBC) in England and Wales, a centralised administrative hub for county court cases. The CCBC handles money claims, possession claims, and enforcement of judgments, primarily through an online portal but also accepting paper submissions. It streamlines the process, improving efficiency and accessibility for users. Information is provided on how the CCBC operates, the types of cases it manages, and frequently asked questions regarding its use. Finally, contact details and other services offered by Corporate Debt Recovery Limited are included.

In legal matters, it is often necessary for parties to engage in correspondence before taking any legal action. This is where a “letter before action” comes into play. A letter before action is a formal letter sent by a party to another, usually in the context of a dispute, as a final warning before initiating legal proceedings. In this blog, we will discuss what exactly is a letter before action, what it includes, when to send it, and some frequently asked questions about this legal document.

As mentioned earlier, a letter before action is a written demand sent by one party to another to resolve a dispute or issue before taking legal action. It is considered a last resort before initiating court proceedings as it gives the recipient one final opportunity to settle the matter without involving the courts.

Starting and running a small business can be a rewarding and fulfilling experience. But one of the biggest challenges that small business owners face is the issue of unpaid debts. Whether it’s a late payment from a client or a customer who refuses to pay, these outstanding debts can severely impact the financial stability of a small business.

In the UK, small businesses are particularly vulnerable to debt-related issues. According to a study by the Federation of Small Businesses, late payments cost UK small businesses an estimated £2.5 billion each year. This is a staggering amount that can put many small businesses at risk of financial ruin. As a small business owner, it’s important to have a plan in place for debt recovery to protect your company’s financial health.

One of the best solutions for small business debt recovery in the UK is to use a company like Corporate Debt Recovery. In this blog, we will explore why this approach is beneficial for small businesses and how it can help them recover unpaid debts effectively.

One of the most frustrating and challenging experiences is having a customer dispute your invoice. After putting in all the hard work of providing a product or service, the last thing you want is to have your payment delayed or worse, denied. However, customer disputes with invoices are uncommon, and it’s important to know how to handle them professionally and effectively.

In this blog, we will discuss what to do when a customer disputes your invoice and provide some tips on how to resolve the issue and maintain a positive relationship with your customer.