<img alt="" src="https://secure.leadforensics.com/141114.png" style="display:none;">

Remember: Late Payment Debt Collection Shouldn't Cost You A Penny

 
You certainly know that chasing late payments can prove to be an incredibly time consuming and frustrating process. Credit controllers and account receivables work hard to guarantee the business has enough working capital, but with certain debts their options start running out. It is at this stage that a solicitor must be instructed to set the stage for potential legal action - at a price. 
Read More

How To Shout The Loudest In Debt Recovery

Winding up petitions are all-too-often overlooked by businesses as an effective way to chase up and secure overdue payments from debtors.

Read More

Debt Recovery Solicitors vs Debt Collection Agents

If you are owed money that isn’t being repaid then you are probably wondering how you can get it back. The two main options available are debt collection agents and debt recovery solicitors. But which is best?

Read More

An Online Court: Civil Courts Structure Review by Lord Justice Briggs

 

A Civil Courts Structure Review – Interim Report published last month by Lord Justice Briggs has proposed the introduction of an online court and effectively raising the small claims threshold to £25,000.

Read More

What Happens When I Issue A Legal Claim?

What do you think of when you think of the court process? A severe looking man in a wig bashing a gavel and shouting? A room full of clerks scribbling away with quill pens like in a Dickens novel?

Read More

County Court Judgments Reach Alarming New Levels

There has been an alarming increase in cashflow difficulties faced by UK businesses during the past year, exceeding levels last seen during the recession. In 2015, 56% of County Court Claims to recover debt, resulted in a County Court Judgment (CCJ) because the debtor was unable to pay. This is the highest level seen in over 6 years.

Read More

SMEs Denied Access To Justice In Court Fees Shake-Up

Access to Justice for SMEs across the UK was dealt a hard blow in recent weeks. Following a Government consultation last year, in March 2015, a new Court Fee tariff was introduced. As a result, the Court Fees for money claims to recover overdue debt from businesses rose in some cases by a staggering 622%. 

Read More

Can I Sue Ex-Customers For Back-Compensation Over 6 Years?

In short, provided you are entitled to use the Late Payment of Commercial Debts legislation then YES! The legislation applies to any and all debts where the contract was formed within the last 6 years (regardless of whether the debt has subsequently been paid) and where you either have a clause in your contract stating that the Late Payment Act (LPA) applies

Read More

Lovetts Client Receives Payments From Director Of An Insolvent Company

The Challenge

Our client, a lighting specialist had paid a company monies to hold stock on its behalf. The defendant, a Director of the Company, had signed a declaration confirming that the company was holding the stock paid for. The company then went into liquidation

Read More

Lovetts publishes guide to 'bailiff and enforcement' regulations

Helping businesses prepare for a major change in bailiff and enforcement regulations coming this April, Lovetts Plc, the debt recovery law firm has created a 10 point guide on the new regime.

Read More

A Day In The Life Of An Enforcement Officer

Sarb Dhaliwal, Chartered Legal Executive at Lovetts spent a day with an Enforcement Officer at the beginning of September. Here is Sarb's interesting summary of the visit:
 
"Collecting Judgment debts does not just involve attending properties and demanding payments as I realised when I spent a day with an Enforcement Officer late last year who had been doing the job for over five years." 
Read More

Taking Control Of Goods

 

On 6th April 2014, the long-awaited reforms to the 'bailiff and enforcement' regulations and costs become Law. This article is written as an outline briefing note in January 2014 and may be amended before the Regulations come into force.

Read More