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What is Process Serving? The term process serving refers to the practice by which legal documentation is delivered to its recipient, typically to a person involved in a court case or other legal proceedings. Process serving exists because, in some instances, it is a legal requirement for an individual to
Need to Find Someone? It May be Easier Than You Think When a friend, family member, or even colleague, asks to borrow money from you, it can be awkward to refuse, especially if they seem in desperate need. Typically, we never think twice about saying no, or hanging up to
Did you know that before the outbreak of the COVID-19 pandemic 76% of all UK businesses were being paid late? According to a survey from Xero Small Business Insights, their research suggests the small and medium business economy could have been forced to deal with an average deficit of £141bn
Why outsource your doorstep collections? Discover why you should outsource your doorstep collections in this easy-to-follow, comprehensive guide. Money should never be considered a dirty business; however, collecting it, especially having to do doorstep collections, often is for some people. Entrepreneurs start their businesses with usually with one aim
Debt collection tips for smaller UK businesses and sole traders All UK businesses struggle with recovering debts at some time; so it’s important to operate stringent debt recovery controls and also know the right time to instruct professional debt recovery services. We’ve put this brief guide together to help any
How to increase cash flow and reduce debt Having a good, positive cash flow is vital for any business. In fact, many companies, even those that are only marginally financially viable, can remain in business for years, as long as they are in control of their cash flow. Even companies
How to Prevent Bad Debt in Your Business Good credit control is essential in order to ensure that your business remains profitable and is sustainable for the future. However, it is not always easy to manage your cash flow, particularly when you are reliant on customer payment. Here are a
Two-month ‘breathing space’ scheme to help those in serious debt The concept of implementing a period of ‘breathing space’ for those with serious issues around debt has been discussed for a long time, but it has now been announced that from 2021, it will officially come into effect in the
The Pre-Action Protocol For Debt Claims – 6 months on Back on October 1st, 2017, the Ministry of Justice released a new Pre-Action Protocol for Debt Claims, and despite it now being just over six months since these changes came into effect many companies still aren’t quite sure how to
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