Meet Karen Johnson, your new Legal Department Manager

We are pleased to announce the appointment of Karen Johnson as the new Legal Department Manager here at Lovetts. With a career within the debt recovery industry dating back nearly two decades, Lovetts are excited for her to share her expertise in both commercial debt recovery and operational management.

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6 Considerations You Should Make When Filing a Debt Claim

You get to the end of your credit control procedure and you still have some unpaid accounts, so, what are the options?

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Could A Winding Up Petition Help Your Business To Recover Debts?

As any company knows, late payments can have a devastating effect on operational functions. Whilst businesses must receive payment in full in order to remain profitable, they must also receive the funds in a timely manner to ensure that they can continue to operate.

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Debt Recovery For SMEs

While no business can benefit from late payments, a delay in incoming revenue can be disastrous for small or medium sized companies. With many SMEs relying on continuous cashflow, unpaid debts can affect the operation of the business as a whole.

As many SMEs don’t have the capacity to employ in-house debt recovery experts, they can find it difficult

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How can I resolve my commercial dispute without going to court?

Commercial disputes can prove costly for all types of businesses. Whether you operate as a sole trader, an SME or as a multinational corporation, resolving disputes quickly is key to maintaining good cashflow and the ongoing success of the business. Whilst disputes can arise over any type of business transaction, issues relating to goods or services supplied commonly arise when you start chasing your client or customer for outstanding payments.

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The Debt Recovery Problems Faced By Recruitment Agencies

Recruitment agencies can suffer from the actions of those clients who try to avoid paying their invoices on-time or at all. Here are four factors you may experience. 

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3 Reasons To Outsource Your Debt Recovery Needs

Collecting payment from clients can become problematic, even for the most financially wise companies. A client could simply refuse to pay, or they might take an unfair advantage of the friendly relationship you have built with them. Either way, it can be difficult to force the payment with a fear of ruining your relationship or losing their custom. However, outsourcing your debt recovery can be a solution.

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Why Draft-Winding Up Petitions Work So Well

Usually when a company owes a debt, their creditor can file court proceedings against them in the hope that they will pay – and use a method of enforcement to recover the money if not. However some circumstances, such as a debtor refusing to engage, make this method of debt recovery an unsuitable option. This is where strong action is needed: A Draft Winding Up Petition (WUP)

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BREXIT and Business Debt Collection and Recovery

On March 29, 2017, Prime Minister Theresa May invoked Article 50 (Treaty of Lisbon) to begin the UK's formal process of exiting the European Union. To date, the UK will be the first EU country to secede from the European Union. Under the treaty, any country may leave the European Union, but the exit negotiation process may take up to two years.

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The Go-To Guide For Collecting Debts in the United Arab Emirates

In 2016, the UAE oil crisis led to job cuts and a slump in the tourism industry. Significantly, the Persian Gulf nation has seen its consumer bad debts rise, a situation that has fueled the recent increased scrutiny on debt recovery agencies. To mitigate the financial crisis, the UAE credit bureau instituted new credit policies to limit delinquencies in the small and medium enterprise sectors. In this guide, we will address the intricacies of debt collection in the United Arab Emirates.

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