Insolvency practitioners are often at the forefront of navigating complex legal landscapes, and understanding the intricacies of set asides in insolvency cases is a critical part of their role. Set asides, a legal mechanism that can alter the course of an insolvency process, require a nuanced understanding of legal frameworks and strategic thinking. This guide […]
In the world of finance, accountants play a pivotal role, especially when it comes to navigating the complexities of debt settlement. As professionals deeply involved in the financial health of businesses, accountants are often tasked with the critical responsibility of negotiating and managing debt settlements. This task, while challenging, is crucial for maintaining the financial […]
The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) marks a significant milestone. Designed to fortify transparency and enforcement mechanisms, the Act builds upon the foundations laid by the Economic Crime (Transparency and Enforcement) Act 2022. This legislation introduces substantial changes for UK companies, reshaping various facets of corporate compliance and information disclosure. Key […]
Understanding the terminology used in debt recovery in the UK is essential for businesses and individuals navigating this complex field. This comprehensive glossary, drawing insights from Debt-Claims and Advocate’s Debt Recovery Glossary, demystifies key terms and concepts. Key Terms in Debt Recovery This glossary is an essential tool for anyone involved in the debt recovery […]
In the realm of debt recovery, persistence and strategic legal manoeuvres often lead to successful outcomes. This case study exemplifies how Debt-Claims, backed by expert Solicitors, navigated through a complex debt recovery process. Background Our client, a property maintenance and aftersales business, had been pursuing a debtor for over six months for an outstanding debt. […]
In this case study, we delve into a challenging scenario faced by us, highlighting our strategic approach in dealing with non-cooperative debtors. The case involves a debtor who consistently refused to engage with the client or us, leading to a more complex recovery process. Situation The debtor’s refusal to engage or acknowledge the debt necessitated […]
In a world where digital transformation is revolutionising every industry, the debt recovery sector is no exception. A recent article on receeve.com emphasises how Artificial Intelligence (AI) is driving the future of debt collection, offering insights that are particularly relevant to Debt-Claims, the leading debt recovery portal backed by a fully-regulated law firm. AI: Transforming […]
In the ever-evolving landscape of debt recovery and legal services, it is crucial for businesses to stay informed about the latest guidelines and best practices. A recent article on www.civillitigationbrief.com highlights the updated guidance from the Legal Ombudsman on good costs service, which is particularly relevant for businesses engaged in debt recovery, including those using […]
Navigating the legal landscape of debt recovery can be a daunting task. However, with Debt-Claims by your side, you can rest assured that you’re in capable hands. We offer a comprehensive suite of services that are not only effective but also legally sound. Here’s a detailed analysis of the legal aspects of debt recovery and […]
