Small Claims Court

Debt Management: What Are Your Options?

Debt Management: What Are Your Options?

For many businesses, dealing with late or non-paying customers is just part of the course. However, when businesses are finding their feet, or growing quickly, the time and effort required to chase payments can be extremely frustrating and costly. What are the warning signs? To tackle the problem of bad debt, businesses need to stay alert and spot signs that a customer contract could be becoming a problem. If a key customer normally pays its invoices on time after 60 or 90 days but payments have recently started to slip – this could be a sign that they are experiencing cash-flow difficulties. Another indicator could be if the customer requests a breakdown of the invoice or a purchase order number. While such requests may of course be entirely justified they could also be symptomatic of fin... »

Small Claims Court

Introduction to the Small Claims Court Even businesses with the most effective credit-control procedures may sometimes have no option but to take a debtor to court. And legal action may also be your last resort if a supplier fails to deliver goods you’ve paid for or refuses to reimburse you for faulty goods. In these situations the small claims court could be the answer. The small claims process – part of the county court system – is an inexpensive and straightforward way of settling disputes over sums of £5,000 or less – often without the need for legal help. A county court judge from the main court may also refer cases involving larger sums to the small claims court – or you can request this with your debtor’s agreement. This guide will explain h... »