Tag: debt recovery

Article courtesy of Law Dot News | Debt Collection | Debt Recovery Debt Collection – Two Recovery Options “Creditors have better memories than debtors” (Benjamin Franklin) How well you manage your debtors’ book, and how successful you are in actually collecting monies due to you, should always be a management priority. It can spell the difference between a successful, profitableRead more

Article courtesy of Law Dot News | Legal Advice - Debt Recovery Don’t Give a Loan or Credit to Anyone (Not Even a Friend) Without Legal Advice! “The requirement that credit providers must be registered allows for their control and regulation, especially in relation to their financial probity and integrity, thereby avoiding the unscrupulous exploitation of credit consumers by so-calledRead more

Article courtesy of Law Dot News | Debit Recovery | Insolvency | Liquidation Creditors: How to Secure Your Claim with a Notarial Bond You should always take as much security for your claims as you possibly can before advancing credit or lending money to a debtor. That’s because if your debtor fails and is “liquidated” (if a corporate) or “sequestrated”Read more

Article courtesy of Law Dot News | Property and Debt Recovery It’s Not Simple to Sell a House in Execution (Even if a Trust Owns It) “A court shall not authorise execution against immovable property which is the primary residence of a judgment debtor unless the court having considered all relevant factors, considers that execution against such property is warranted”Read more

Article courtesy of Law Dot News | Debit Recovery | Insolvency / Liquidation Application Debtor Not Paying? Consider a Liquidation Application “When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors’ company” (John Vanbrugh) Bad debt is a major issue for many businesses in these hard economic times – notRead more

Article courtesy of Law Dot News Can Your Bank Take Your Money Without Permission? “A bank is a place that will lend you money if you can prove that you don’t need it” (Bob Hope) A recent High Court decision has settled the knotty question of whether your bank can take money it holds for you in one account toRead more