News
What Is the Process of Commercial Debt Collection?
Commercial debts can be a serious issue for business. These interrupt your cash flow, and can have a deleterious impact upon your business if left for long enough. In this article, we’ll explain the UK commercial debt collection process, and what actions you can take to reclaim your outstanding debts…
Late Payment Charges: What You Need to Know
Whether you’re a sole trader or a larger business, the last thing you want from clients is a late payment. This disrupts cash flow, and can have serious consequences for you, your business, and even client relationships. This is where late payment fees come into play.
What Are Pre-Action Protocols & Who Do They Apply To?
Pre-action protocols play an essential role in how parties approach legal claims. By following the relevant steps, you can ensure you have the best chance of receiving a resolution for your case. In this article, we’ll cover what pre-action protocols are, and who they apply to depending on the case.
How to Recover Multiple Debts
Outstanding invoices can impede your cash flow and affect the running of your business, which is why recovering debts owed to you is so important. But what should you do if there are multiple debts owed by the same (or different) clients?
What Is a CCJ & How Does a CCJ Work?
If you’re currently exploring ways to recover money owed to your business, then you may have encountered the term CCJ. If you’re wondering what a CCJ is, and whether one can be used to recover money that is owed to you, keep reading and the Thomas Higgins team will tell you what you need to know…
What Does Debtor Tracing Involve?
Does a business or individual owe you money? Are you currently unable to locate them? Then you may need to make use of a debtor tracing service. To find out what debtor tracing means, and how the process works, read this guide from the team at Thomas Higgins Solicitors now…
How to Collect Debt From a Sole Trader
Is your business owed money by an individual trading as a sole trader? Are you exploring options to recover that outstanding debt? Then read Thomas Higgins Limited Solicitors’ guide to collecting debt from a sole trader first…
How Much Interest Can You Charge on a Late Commercial Payment?
Did you know that if your business is owed money by another business, then you may be entitled to charge interest on the outstanding debt? To find out how much interest you could be entitled to, and how to claim it, continue reading…
Can a Debt Be Too Old to Collect
Is your business owed money by another company or individual? Has the debt been outstanding for a considerable amount of time? Then, before commencing collection proceedings, it’s vital that you establish whether the debt is too old to collect.
What Is a Letter Before Action?
If you’re attempting to recover an undisputed commercial debt then it’s likely you’ve encountered the term ‘letter before action’. However, if you’re not sure what that term means, and whether it could be an effective debt recovery method for you, then you’ll find the answers in this article…
