News Category: Debt recovery

21 July 2020

As a small or medium business, you have probably come up against the significant issue of being paid late by your customers. You have probably also been forced to accept very long payment terms by larger businesses because of the imbalance of power in contract negotiations. Read more

30 May 2019

Running a company with a family member is often an enjoyable way of being in business, but we all know that on occasion family members can fall out - even if it is just over who ate the last chocolate in the box at Christmas! Read more

25 October 2018

As we have seen recently, failing businesses can create massive waves up and down the supply chain leaving suppliers with significant bad debts. Read more

20 September 2018

Issues often arise because the terms of a contract turn out to be unclear, or the contract doesn’t say what one of the parties had intended. It is an issue that frequently comes up for consideration by the courts, most recently in the Court of Appeal case of Bou-Simon v BGC Brokers LP in July 2018. Read more

14 June 2018

A commercial lease will often contain a break clause which will give the parties (most commonly the tenant) the right to terminate the lease early on service of a break notice. Read more

21 August 2017

A new pre-action protocol for debt claims will come into force on 1 October 2017. This will apply to debts claimed by any business, including sole traders and public bodies, against an individual (which can also include a sole trader). The protocol does not apply to business to business debts. Read more

11 July 2012

The new legislation may improve the image of enforcement, but will it achieve the correct balance between the rights of creditors and those of debtors? Tom Bailey and Denise Traube investigate. Read more