Is it harder to recover old debts?

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There are plenty of valid reasons why you might not choose to chase a debt immediately – if it seems unlikely that the debtor will pay, and you are facing cash flow problems as a result, it is entirely understandable to focus your energies on simple survival in the short term.


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Should reporting late payments be mandatory?

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Late payments are undeniably a major problem for many companies, yet many choose not to aggressively pursue overdue invoices due to concerns that it might harm relationships with prompt-paying customers too, or simply the view that it’s better to be paid late than never.


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Suppliers banned from cutting off failing customers

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Proposals due to come into force in October ban ‘essential’ suppliers from cutting off business customers while they are in administration, in an attempt to give them more chance of being successfully rescued.


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No more penalties for late payment of tax?

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An end to penalties for paying your tax late sounds like a dream come true, but it could be a reality for many taxpayers in the years to come.


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Finance: the last great taboo for couples

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You might think we live in a fairly open-minded world now, where you can talk openly about almost anything, even with strangers you only know online – and certainly with your own partner.


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How can I recover debts without alienating valued customers?

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One of the main reasons why some people choose not to pursue an overdue invoice or other client debt is because the customer has been prompt to pay in the past and/or is ‘valued’ in some other way, such as a friend of the family or a customer who was important to the growth of your business in the early days.


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Are you owed money?

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It might seem like an obvious question, but the first thing to establish before you chase somebody for payment is whether or not they actually owe you anything.


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How do I get my customers to pay unpaid invoices?

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In this article, let’s be clear first about what we mean by ‘unpaid invoices’. We are not concerned with regular invoicing and credit control, or collecting on-time payments, but solely with invoices that are still unpaid when the deadline for payment arrives.


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How debt collection liquidation can leave clients in limbo

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Whenever a debt recovery firm enters liquidation there are bound to be problems, particularly if debtors have made payments to the firm that have not yet been passed on to creditors.


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Do I need a solicitor to help me collect debt?

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The short answer to this question is no, you don’t necessarily need to have a solicitor in order to chase a debt.


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