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Collecting Debts – The basics that every business should know

Collecting Debts – The basics that every business should know
Is your business owed money? Whatever the size of your company, just a few bad debtors can put a real strain on your business. We look at what you can do to recover debts yourself and when you should call in a lawyer.0 Advanced issues found▲  0 Advanced issues found▲     I am owed money, what can I do? The obvious firs...
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384 Hits

Order of priority debts in administration

Order of priority debts in administration
The money realised from the assets of an insolvent company is applied to meet claims of creditors in a set order of priority. By definition, an insolvent company does not have sufficient assets to pay in full all the liabilities that it owes to its creditors. A primary function of administration and liquidation is to realise the assets of the insol...
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  2055 Hits
2055 Hits

Forfeiture of a Commercial Lease – Is It Right For Me?

Forfeiture of a Commercial Lease – Is It Right For Me?
If a tenant breaches the conditions of a commercial lease the landlord is entitled to take legal action against the tenant if the lease permits. Forfeiture is the ultimate remedy available – but which way? Peaceable re-entry or Court proceeding? ​Forfeiture meaning - What is forfeiture of a lease? Forfeiture is essentially the legal remedy whe...
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  1998 Hits
1998 Hits

In debt, indebted, or just want to know how to get your money?

In Debt, Indebted, or Just Want to Know How to Get Your Money?
A new Pre-Action Action Protocol for Debt Claims (the Debt Protocol) came into force on 1st October 2017. Subject to certain exceptions, the Protocol applies to any business, including sole traders and public bodies, claiming payment of a debt from an individual (including a sole trader).The Protocol does not apply though to business-to-business de...
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  1791 Hits
1791 Hits

Commercial Litigation FAQs - The Basics

Commercial Litigation FAQs - The Basics
Commercial litigation is considered to be a broad area of law, encompassing many types of disputes that relate to businesses and the issues that can arise within them. We run through the most frequently asked questions relating to commercial litigation, and when exactly to instruct expert legal support.Commercial litigation is an ever-expanding fie...
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  2130 Hits
2130 Hits

Unexplained Wealth Orders Explained

Unexplained Wealth Orders Explained
Unexplained wealth orders (UWOs) were introduced by Section 1 of the Criminal Finances Act 2017 and came in to effect on 31 January 2018. They were introduced as a mechanism to investigate and confiscate the proceeds of crime by using civil, rather than the traditional criminal powers available to investigate suspicious assets which are thought to ...
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  1567 Hits
1567 Hits

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