“Vulnerable Debtor” is a phrase with which many in consumer debt recovery are familiar. Basically, it is a phrase which should alert a creditor to be cautious when attempting collection from a debtor who is “vulnerable”. Debtor vulnerability can take many forms and can display itself as a physical illness or where the debtor has psychological problems - often stress-related.
We are indeed indebted to Private Eye (no 1497) for drawing our attention to the latest Chinese concept for civil enforcement against defaulting debtors.
The boss of the Association of British Insurers, Mark Shepherd, has said that the number of insurance claims made so far this year has reached its highest level in ten years. What has brought this on?
Consider the following scenario:
Joe Lollipop Limited has been trading for a number of years from 5 Glebe Street, Glasgow. This is also the company’s registered office.
Stephen Cowan looks at summary warrants and the powers and effects they can have.
Join us at our interactive Debt Recovery Conference where we will give you first-hand experience of what to do when your customer does not pay.
"All those involved in debt recovery are aware of the increasingly complex legislative regime in which they operate. This publication gives a practical guide through the regulatory maze." (Stephen Cowan).
The “Common Financial Statement” is a standard budget format which helps creditors, advisers and people with debt get a clear picture of an individual’s or household’s financial situation.
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