Debt Collection

Keep your cash flowing

We have seen an influx of commercial clients contacting us in relation to their longstanding debtors. Whether or not this is a result of the ongoing Brexit saga, or the fact that corporate insolvencies have risen to their highest level since 2014, companies...

New solicitor joins the dispute resolution team

Birkett Long is pleased to welcome Laura Meers to our Dispute Resolution team. Laura will be based in the firm’s Basildon office. Laura will be working in the South Essex Dispute Resolution team, assisting with a wide range of commercial and other...

Is that debt really unenforceable?

You have a debt claim against Mr Smith and the balance owing is £10,000.  He refuses to pay.  You know that Mr Smith has no assets but he is in employment.  What can you do?  Serving court papers Firstly you need a judgment...

What is the claim process?

Claims rarely go straight to court, because parties are encouraged to adopt Alternative Dispute Resolution (ADR) methods of resolving their disputes, such as negotiation and mediation.  Such methods don’t incur the expense and time of court...

Changes to debt threshold for certain recovery actions

From 1 October 2015, the minimum debt threshold for service of a Statutory Demand on an individual rose dramatically.  Since 1986, a creditor could serve such a Statutory Demand and/or present a bankruptcy petition if the debt was equal to or greater...

Collect your debts and maximise your price

If you are considering selling your business you will be keen to maximise its value and the sale price that it will ultimately achieve. One factor that can have a significant impact on the price that a purchaser is willing to pay for a business is the...

Recovering what's due

Although no school will wish to resort to legal action to recover unpaid school fees, the reality is that at some point it is likely that assistance will be needed to recover such debts.  In an increasingly commercial environment, schools simply cannot...

Legal facts you can't do without - Show me the money!

  In the current austere times, it is even more important than normal for companies and individuals to get their bills paid on time. Good cash-flow is the lifeblood of all businesses.  Our debt recovery team offers a fast and effective debt...

Are you getting your retention money?

Many construction contracts contain retention clauses but it is not always easy to recover the cash once the contract is complete.  Retention clauses offer a form of security that the works carried out have been completed properly.  The retention...

Cash is King

According to The Insolvency Service “more than half of Britain’s small businesses collapse because of cash-flow problems.” Good cash-flow is the lifeblood of all businesses. Our debt recovery team offers a fast effective debt collection...

Student rent arrears

As the academic year has now drawn to a close, some universities may find themselves struggling to deal with the rent owed to them by students living in their accommodation. However, some courses of action in an attempt to reclaim that money from students...

'Secret millionaire' is £30m in debt

Property developer Chek Whyte, who starred in Channel 4's The Secret Millionaire in 2007, is facing debts of more than £30 million as he seeks to avoid bankruptcy. Mr Whyte, who was disqualified as a director at his own firm Chek Whyte Industries in...

More Brits have 'no money to save'

An increasing number of Britons say they have no money to save because they are preoccupied with funding day-to-day expenses, a study has found. Research published in the Scottish Widows Savings and Investment Report found that 75 per cent of Britons cited...

Landlords advised to seek legal advice

It is vital that landlords understand their legal rights and protect themselves financially in the current economic climate, according to Moneysupermarket, the price comparison website. Steve Sweeney, head of home and motor insurance at the firm, urged...

Taxman calls in debt collectors

HM Revenue & Customs is negotiating contracts with debt collection agencies for a nationwide six-month pilot project to speed up payments of income tax, corporation tax and VAT. There are fears that the Government is taking the first steps towards...

Landlords of Commercial Premises Beware

Author: Melanie Yates In the current climate some landlords will find their commercial tenants unable to pay their rent. Landlords who foresee problems may wish to take pre-emptive action rather than wait for tenants to get into arrears or, worse, become...