A trading name is a name that a company or person trades with, rather than using their actual name. The acronym T/A is often used to mean ‘trading as’ For example, Bob Smith who is a self-employed carpenter might trade as Elite Carpentry; his full name in a business sense would therefore be Bob Smith […]
A personal guarantee (often called a PG) is where an individual enters a contract to guarantee another party’s liabilities under a separate contract. PG agreements are often used by suppliers to limited companies, or on property rental and loan agreements. The objective of the personal guarantee is to provide an additional layer of security to […]
A settlement agreement is one way of settling a dispute that exists between two parties. Generally, the dispute will have arisen out of an earlier contract and the parties will agree under the settlement to new terms to settle the dispute. This will generally involve an amount of money being paid by one party to […]
As a creditor who is entitled to a debt by way of assignment (for example, under a fracturing arrangement or a general assignment) part of the difficulty in getting the debtor to pay is being able to explain the situation to them. Whilst you may have already served the debtor with a notice of assignment, […]
A court order for money is known as County Court Judgment (CCJ) and is usually issued by the County Court Business Centre (CCBC) or the County Court Money Claims Centre (CCMCC). However, court orders and judgments can be issued by any court across the country, particularly following a trial or hearing. Whilst a court order […]
In the current climate, more and more customers are dealing with unpaid utilities services provided to them. As a utilities provider, you have competing aims of trying to collect money owed and managing the customer’s account so that the arrears don’t continue to increase. Debt-Claims has a cost-effective solution to this through the use of […]
As a landlord (or managing agent) it is incredibly frustrating trying to recover unpaid rent from your tenants. Whether you are a private or commercial landlord and regardless of if your tenant has left the premises, not being paid on time (or arrears being paid once a tenancy has ended) doesn’t only causes you problems […]
Private medical and dental services are big business in England and Wales and with longer wait times for state services becoming the norm, the private industry is ever-increasing. With an increase in customers comes an increase in unpaid bills – this is where Debt-Claims can assist with its fast and cost-effective debt collection. Starting with […]
As an employer, it is not uncommon for wages to be overpaid – particularly at the end of an employment contract or where the employment was for a fixed period. Similarly, it is more regular than you might imagine for zero-hour or hourly paid staff to submit inaccurate working hours, leading to an overpayment. Where […]
