Monthly Archives August 2023

Attachment of Earnings Order (AEO) Demystified: The Ultimate Guide to Debt Recovery

August 31, 2023 | No Comments

Navigating the complex world of debt recovery can be challenging, but one powerful tool can make all the difference: the Attachment of Earnings Order (AEO). You’re not alone if you’re struggling to recover debts from individuals who seem to be evading payment. In this blog, I’ll break down the essence of AEOs, walk you through the process, and show you how creditors and debtors can benefit. Understanding AEOs As a debt recovery specialist, I understand the importance of AEOs. These orders empower you as a creditor to collect the debts owed to you directly from a debtor’s earnings. This strategic
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Unveiling Charging Orders: How They Strengthen Debt Recovery Efforts

August 30, 2023 | No Comments

As a debt recovery specialist, I understand the challenges creditors face when attempting to recover outstanding debts. Charging Orders can be a game-changer, providing a legal means to secure debts against a debtor’s property. If you’re ready to enhance your debt recovery strategy, read on and discover the potential of Charging Orders. And remember, I’m here to provide expert advice tailored to your unique situation, so feel free to reach out. The Charging Order Process Initially, an application is submitted to the Courts using a two-pronged process. This usually takes around 6-9 weeks to finalise. Application: As a debt recovery
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Unveiling the Power of Oral Examinations in Debt Recovery

August 19, 2023 | No Comments

You have judgment, but voluntary arrangements have failed, and your debtor is proving difficult and citing that they have no assets. What can you do to exercise that what they tell you is the truth? An oral examination is a powerful tool you can use once you receive a judgment (CCJ) from the Courts. In this blog post, I'll delve into the essence of oral examinations – a legal process where debtors are summoned to court to shed light on their financial circumstances.
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High Court Enforcement Officers: The Real Life of “Can’t Pay? We’ll Take It Away!”

August 18, 2023 | No Comments

High Court Enforcement Officers (HCEOs) are pivotal players in debt recovery, entrusted with executing court orders and recovering unpaid debts. The popular TV show "Can't Pay? We'll Take It Away!" offers a dramatic glimpse into the world of HCEOs, shedding light on their vital role in restoring financial stability for creditors.
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Navigating Consumer Duty: Essential Guidelines for Businesses

August 17, 2023 | No Comments

Following on from my blog in May regarding Consumer Duty, today we will explore what this entails for businesses, highlight key preparation steps, and provide insightful questions to consider as they adapt to this transformative regulatory framework.
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Is it worth taking legal action for £500 or below?

August 15, 2023 | No Comments

I have in the past received many requests from prospective clients and/or ongoing clients about taking legal action for something that has a value of £500. Instructing a professional to do it is not cost-effective as you generally throw good money after bad, i.e. a solicitor could cost you around £80 per hour + depending on where you are in the country. It's not only obtaining judgment which is key, but it's also looking at enforcing the debt too.
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Navigating the BoE’s 14th Consecutive Rate Increase

August 11, 2023 | No Comments

The recent move by the Bank of England (BoE) to implement its 14th consecutive interest rate increase, raising rates to 5.25%, has set in motion a series of changes that extend beyond the surface-level market dynamics. As a Debt Recovery Specialist, I want to show how this decision can significantly influence businesses and their strategic financial planning. Let’s delve into the profound implications this rate adjustment holds for various aspects of our economic landscape. Borrowing Costs: The BoE’s decision to raise interest rates directly impacts borrowing costs, creating a ripple effect throughout the business world. This development is significant for
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Navigating Legal Proceedings: A Guide for Small Business Owners

August 9, 2023 | No Comments

Running a small business is rewarding but often comes with its fair share of challenges. One such challenge is dealing with disputes that may arise with customers, suppliers, or even competitors. As a small business owner, you might wonder when initiating legal proceedings is truly cost-effective. In this blog post, we'll delve into the factors you should consider before pursuing legal action, ensuring you make informed and strategic choices for your business.
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Navigating Disputes: Why Small Businesses Should Confront Challenges Head-On

August 2, 2023 | No Comments

Running a small business is a fulfilling venture, but it's challenging. One obstacle entrepreneurs may encounter is disputes with customers, suppliers, or even other businesses. While it may be tempting to avoid confrontation, dealing with disputes is crucial to sustaining and growing your small business. This blog will explore why confronting disputes is essential and how seeking professional assistance can make the process smoother. If you find yourself amid a dispute and need guidance, don't hesitate to contact me for expert assistance.
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Terms and Conditions: Safeguarding Success

August 1, 2023 | No Comments

Small business owners often overlook the importance of terms and conditions, considering them unnecessary or only relevant to large corporations. However, the reality is quite the opposite. Terms and conditions are critical for every business, regardless of size, as they are a protective shield and a legal framework that fosters smooth transactions and customer satisfaction
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