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Ministry of Justice figures - October to December 2011
The Ministry of Justice has released its figures on activity in the county, family, magistrates and Crown courts of England and Wales during the fourth...
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Get paid!
As part of the Government’s Finance Fitness campaign, which is aimed at helping small and medium sized businesses handle their finances, the Association of Chartered...
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Credit Managers' Index - Fourth Quarter 2011
We have previously reported on the Credit Mangers’ Index, which is calculated by the Institute of Credit Management using input from credit professionals and therefore...
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OFT finalises revised debt management guidance
We have blogged on a number of occasions in the past year regarding the Office of Fair Trading’s work in setting standards for businesses offering...
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Consultation on bailiff reform
We have posted a couple of blogs recently regarding improvements to the ease and effectiveness of debt recovery and enforcement measures. The Government is now building...
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P&A Receivables annual survey of global trends and risks
The second annual survey of global credit trends and risks is now online. The survey was designed by P&A Receivables PLC, an international credit management and...
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Solving disputes in the county courts: government response
Last week, the government published its long-awaited response to the consultation “Solving disputes in the county courts: creating a simpler, quicker and more proportionate system”. Following the consultation...
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Updated FOS online technical note on debt collection
The Financial Ombudsman Service has published an updated version of its online technical note on debt collection. The note sets out the FOS' approach to complaints...
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Bailiff rules tightened up
Updated National Standards setting out acceptable behaviour for bailiffs have been released by the Government. The Standards are intended to protect people from rogue bailiffs,...
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Credit Managers' Index - Third Quarter 2011
The Credit Managers’ Index for the third quarter of 2011 has shown that credit managers are still very pessimistic as to their chances of recovering...
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OFT supplementary consultation on debt collection guidance
We posted a blog last week about the OFT’s consultation on its updated “Debt Collection Guidance”, which was published in October 2011. Earlier this week, the...
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OFT launches revised debt collection guidance
In April of this year, we posted a blog about the OFT’s consultation on its updated “Debt Collection Guidance”. Following that consultation, the OFT has now...
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Businesses finding it harder to collect their cash
The importance of good cashflow is a continuing theme in the current economic downturn and we have blogged previously about the benefits of proper credit...
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Keeping your business healthy during the recession
Any recession sees some businesses prospering and some businesses failing. This leads to the question of why some businesses are able to fare better than...
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Chasing late payments
Research carried out by Bibby Financial Services has revealed that, on average, 14 percent of small to medium sized businesses spend one week each month...
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More on the importance of credit management procedures
We have previously blogged about the benefits of good credit management and the use of professionals to help businesses maintain their cashflow. This has again...
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Social networking warning
Social networking sites, such as Facebook and Twitter, seem to be constantly in the news these days for one reason or another. The BBC website (19th...
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Government's "name and shame" plans
The Government has announced new plans to name and shame prime contractors who fail to pay suppliers within 30 days. However, the Institute of Credit...
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Businesses losing out on late payment interest
Late payment for goods and services in business to business contracts remains a common problem, which particularly affects small to medium sized businesses. The Late...
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Possession orders - is bankruptcy a barrier?
It has become increasingly common for tenants in financial difficulty to be made bankrupt or apply for a debt relief order to secure some protection...
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The benefits of using credit professionals
A survey of 8,000 members of the Institute of Credit Management has revealed that those businesses employing qualified credit professionals are seeing a marked improvement...
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Registry Trust statistics for first half of 2011
The value of debt judgments against businesses recorded in the county courts of England and Wales fell by 9.9% or £32.2m in the first half...
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Businesses continuing to struggle
As debt collection solicitors, we solicitors use a credit risk database of UK businesses, from sole traders through to limited and quoted companies, in order...
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Small claims court limit may rise
The number of small claims court matters could significantly rise if the small claims court cap is increased from £5,000 to £15,000, as ministers are...
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A lesson in debt recovery
HSBC bank has demonstrated how not to deal with customers in debt. Swindon County Court ordered that HSBC cancel a customer’s overdraft of £2,070 after it...
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Locating missing debtors
An outstanding debt may be irretrievable if a debtor absconds leaving no method of contact, either before a judgment is obtained or afterwards. Many people...
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Is there a time limit for enforcing a judgment?
Obtaining a money judgment is the first step in the debt recovery process. Most creditors go on to enforce the judgment immediately if the debtor...
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Preventing stays of execution
A writ of fieri facias (fi fa) signals the end of the debt recovery process. It allows someone who has obtained a court judgment against...
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High Court's no nonsense attitude to extension of time to pay
Where a letter before action has proved unsuccessful, a creditor must commence court proceedings against a debtor in order to recover a debt. The Civil...
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Court fees increase
Court fees have increased from 4th April 2011. The increase includes the issue fee that is payable by a claimant when a claim is commenced...
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Growth reflected by new partner appointments
Our rapid growth is continuing with three timely partner appointments to further expand our management team. Top-performing property litigation and tenant eviction specialist Pamela Shepherd, has...
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Debt recovery - OFT consultation
The Office of Fair Trading has launched a 12 week consultation on its updated “Debt Collection Guidance”, which is intended to ensure that debt recovery...
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Possession proceedings with debt recovery implications
Harvey Ingram offer a range of online services, enabling clients to provide instructions on tenant eviction and debt recovery matters efficiently. Broomleigh Housing Association Limited v...
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EU directive to tackle debt recovery
Directive 2011/7/EU of the European Parliament and of the Council of 16th February 2011 on combating late payment in commercial transactions. In other words, this...
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Debt recovery case studies
The debt collection solicitors at Harvey Ingram have been enjoying some real successes for their clients with the online debt recovery system and over the...
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Guarantors risk insolvency
A recent case has cast doubt on previous decisions as to the process for debt recovery from guarantors. In McGuinness v Norwich and Peterborough Building Society,...
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Insolvency as a method of debt recovery
Although County Court proceedings are the more common method of debt recovery, the insolvency process is often far more effective where you are owed in...
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Debt collection solicitors should be aware of the consequences of a debtor's insolvency
Debt collection solicitors should be aware of the consequences of a debtor's insolvency A creditor contacted us as he had an outstanding debt which he was...
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Harvey Ingram merger with Borneos
On 31 January 2011 Harvey Ingram LLP merged with Borneos, creating a new regional law firm with a £20m-plus turnover and nearly 400 staff,...
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Debt collection solicitors should consider practicalities prior to enforcement
A successful litigant has already come a long way, having issued a letter before action and successfully proceeded with a county court action. However, before...
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Apply sense when engaging debt recovery procedures
Businesses naturally feel under pressure to chase debts, particularly in the current climate, in order to optimise cashflow. However, two recent decisions have made it clear...
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Times are hard - so ensure your debt recovery procedures are in place
The need for effective management of the cashflow in your business has never been more important. With banks taking a firmer approach to lending and...
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Late payment - what rights do suppliers have?
Late payment - what rights do suppliers have? 03 December 2010 If your business is affected by late payment of an invoice, thankfully there are ways and...
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Launch of Tenant Eviction and Debt Recovery Online Services
Over the past 12 months, we have seen an increase in demand for advice on evicting tenants and recovering unpaid debts, which prompted the launch...
