News
 Printer Friendly
 Email this article | |||||
Debt Register Costs Revealed | |||||
| Scotland´s new Debt Arrangement Schemes will prevent creditors from judgment enforcement except in special circumstances. The schemes will apply where the debtor is either an individual or sole trader. So if you advance credit to such a person who has entered into a Debt Payment Programme except in very special circumstances you will be unable to carry our debt enforcement if they default in payment. To alert unsuspecting creditors whether or not a person is taking part in DPP creditors will have the opportunity of inspecting the "Debt Arrangement Scheme Register" Amongst other information it will detail those persons who have applied for and/or have been approved to take part in a DPP. So you should inspect the register before granting any type of credit. How will you do this? The good news is the register will be web based so searching should be quite straightforward. The bad news is that it will cost you to access the register as follows: Single inspection: £5 Multiple Inspection: 1 week £100 4 weeks £250 1 year £500 The Better news is once up and running you will be able to inspect the Register via our web site at a considerably reduced cost,both on www.debtscotland.com + www.ykcreditcheck.co.uk If you would like any other information on how the new Debt Arrangement Scheme will affect your Scottish debt recovery and how we can assist please give me a call on 0141 572 4251 or look at our web site at www.debtscotland.com Stephen Cowan Yuill+Kyle, Debt Recovery+Credit Control lawyers, Scotland scowan@yuill-kyle.co.uk www.debtscotland.com www.ykcreditcheck.co.uk | |||||
| Printer Friendly
Email this article | |||||
| Back | |||||
