The Sherrards Blog: debt recovery

Dispute? Serve a statutory demand

14th May 2015

If you’re owed money, you want paying quickly. And if appropriate to the circumstances, the statutory demand is often the best tool at your disposal. Serving a statutory demand is an aggressive tactic to adopt to recover a debt. It ups the ante and is often much more effective than …

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Dispute? Serve a statutory demand

Creditors bankruptcy petitions– A change is going to come

2nd February 2015

Changes to the Personal Insolvency debt threshold have recently been announced which are due to come into effect in October 2015.  The proposed changes would mark a significant shift in the options available to creditors pursuing debtors for relatively small debts, and have received mixed views. How the land lies …

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Creditors bankruptcy petitions– A change is going to come

Does the end of the recession signal an end to bad debtors?

29th August 2014

I frequently hear that the occurrence of bad debtors worsens during a recession. Indeed, recent figures published by the Registry Trust, the organisation which records all Judgments entered in England and Wales, shows that the number of County Court Judgments (CCJ’s) entered against businesses in England and Wales has dropped …

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Does the end of the recession signal an end to bad debtors?

How can companies avoid bad debt?

11th August 2014

Bad debtors are the thorn in the side of every business. While unfortunately, every business will face a bad debtor at some point, in my experience, there are number of preventative steps you can take from the outset that will help put you in the best position possible when a bad …

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How can companies avoid bad debt?

Behind the mic – it’s debt recovery solicitor Gemma Newing!

25th July 2014

I’ve been basking in the glow of being a “local media star” this week following my interview with Three Counties radio station Radio Verulam. Without wanting to give away too much, (as we do want you to tune in!) I’ll be talking on the one-hour show about debt recovery and …

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Behind the mic – it’s debt recovery solicitor Gemma Newing!

Retention of Title claims and Administrators

1st July 2014

When a company is placed into administration, it is typical for a creditor of that company to seek to exercise their retention of title (“ROT”) clause.  But to what extent are administrators under a duty to identify an ROT claimant’s property? The recent case of Blue Monkey Gaming Ltd v Hudson …

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Retention of Title claims and Administrators