Debt collection in the wake of the coronavirus pandemic – what are the options?

In this article, we look at debt collection during the coronavirus pandemic, to help you understand what options are available to you. In these uncertain times, no matter how big or small your business is, managing cash flow can be challenging. One particular difficulty for many firms is dealing with debt collection. Maximising debt collection should be a priority for your business to secure your financial future, but it may be tough to navigate during the pandemic. At present, many of your debtors may be struggling financially, or claim they…

Debt collection: How can you protect your business when customers call in the bailiffs?

Disputes between businesses and customers are common. If you can’t agree a settlement, your business may be called to the Small Claims Court or a higher court. If the judge rules against you, and your ex-customer wins either their money back, damages, or both, you’ll need to pay up. If you can’t pay, or won’t pay, it’s likely that the bailiffs will come knocking. So what can you do to help protect your business when this happens? Stopping bailiffs at the door Bailiffs cannot attempt to take control of goods…

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