When a dispute arises in relation to unpaid invoices people often try to manage the situation themselves instead of seeking legal advice as they are concerned about being charged extortionate fees for a relatively small debt. Although the small claims track in the county court is relatively ‘user friendly’, an incorrect claim form can lead
Late payment of invoices has become so serious that the Government has set up a working group to help tackle the problem. Ministers also want businesses to sign up to its Prompt Payment Code, which already represents about 60% of the supply chain value in the UK. The Code is designed to encourage best practice and
The Office of Fair Trading (OFT) has updated its Debt Collection Guidance, which sets out the standards required of any business involved in recovering consumer credit debts. The revised guidance highlights specific practices that the OFT considers to be unfair, such as using Facebook, Twitter and other social networking sites to contact debtors. It says
The stakes have never been higher for businesses when it comes to dealing with the problem of late and non-payment of invoices. Record numbers of firms are going out of business every day. Their demise is often caused by their inability to recover money owed to them. Thankfully, there are many options available when it