Commercial Debt Recovery and Collection – News

The solicitors at Lane & Co specialise in business and commercial debt recovery and collection. We have been operating for over 40 years, our clients coming back to us many times so as to recover and collect the monies that are owed to them.

The 4 Stage Business Debt Recovery Process

Our solicitors focus on commercial debt recovery for businesses of all sizes, from SMEs up to PLCs. Each stage represents a step up in the pressure applied for payment.

The process starts with a Letter Before Action to the debtor. This states the value of the debt and the time frame for payment.

If the debt is not paid or a suitable reply received to the Letter Before Action, a County Court Claim may be issued.

  • County Court Judgement

If an Acknowledgment or Defence is not received within the Court time frame,  a County Court Judgment (CCJ) will be requested

If payment is still not received,  a number of different ways to enforce the Judgment can be used.

This section covers the News and Events for this important area.

 

18 05,2017

May 2017 – Newsletter

2019-09-09T11:49:09+00:00Categories: Commercial Debt Recovery|

More changes are coming –

The Good News is – Business to Business debt recovery will not be affected

The Good News is – For Businesses recovering debts from Individuals / Sole Traders, Lane and Co is working for you 

In October a new Pre – Action Protocol comes into force (This updated Pre Action Protocol will apply […]

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16 03,2017

March 2017 – Newsletter

2019-03-18T13:00:15+00:00Categories: Commercial Debt Recovery|

Bank your cheques promptly ….

Although the use of the cheque seems to be diminishing with new technology enabling electronic transfers, standing orders and direct debits there are still a large number of businesses that rely on ’The Cheque’.

The Payee (receiver of the cheque) must recognise that the cheque itself is only the ‘promise to pay’ […]

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14 02,2017

February 2017 – Newsletter

2019-09-09T11:53:52+00:00Categories: Commercial Debt Recovery|

Property Litigation News

Changes to S21 Notice Procedure

Landlords of residential let properties please take note.

A number of changes to Section 21 possession claims are brought in after 1st October 2015 under the new rules in the Deregulation Act 2015.

Any new Assured Shorthold Tenancy (AST) in England starting on or after the 1st October 2015 will require […]

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14 02,2017

Email and Internet Risks

2018-10-29T20:24:48+00:00Categories: Commercial Debt Recovery|

 

This highlights the risks all employers and employees should be aware of when using email and the internet at work, sending work related emails or discussing the workplace on the internet.

 

 

Reputational risks

What you write in emails or on the internet could seriously damage your own or […]

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3 01,2017

January 2017 – Newsletter

2019-09-09T11:51:39+00:00Categories: Commercial Debt Recovery|

2017 – New Year – New Procedures – Reduce your bad debts

Having good Credit Control Procedures can make the difference between the success or failure of a business.

Start the New Year with a look at how you run your credit control.

Do you……

Know who your customer is:-

  • Are they a Sole Trader, Limited Company, Public Limited […]
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29 09,2016

September 2016 – Newsletter

2019-09-09T11:45:26+00:00Categories: Commercial Debt Recovery|

Terms and Conditions – The legal basis on which you do your business

Having good ‘Terms and Conditions’ set out and incorporated prior to commencing business with a customer can help you avoid problems at a later stage.

Every company is different in the way in which it works, whether it is the way goods / services […]

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