Debt collection is an essential aspect of maintaining a healthy cash flow for businesses and individuals alike. However, misconceptions and myths surrounding the debt collecting process can create unnecessary barriers, confusion, and hesitation for people pursuing unpaid debts. Clearing up these misconceptions can help improve the effectiveness of debt recovery strategies, prevent unnecessary disputes, and […]
Read More...Pre-Legal Debt recovery is an unfortunate, yet often unavoidable aspect of doing business. When a client or customer fails to pay their debts, it not only disrupts cash flow but can also cause significant financial strain on a small business. As a result, it’s crucial to have a strategy in place to pursue outstanding debts […]
Read More...Recovering debts from sole traders can pose unique challenges. This is due to the legal and financial liabilities of self-employed individuals differ from those of standard businesses. In order to be successful in recovering debts from sole traders, it is crucial to understand the distinctions between company structures, develop tailored strategies, and navigate the mechanics […]
Read More...Chasing an unpaid invoice is an unfortunate reality for many businesses and self-employed persons when not been paid. When more amicable debt collection methods fail, pursuing legal action in the Small Claims Court may become necessary. Understanding the Small Claims Court process and knowing how to navigate the system effectively can greatly enhance your chances […]
Read More...As a freelancer, managing your finances and ensuring timely payment from clients is crucial to your financial stability and long-term success. Unfortunately, late or non-payment of invoices is a common challenge within the freelance and small business community, which can lead to cash flow problems and even jeopardise the viability of your business. To address […]
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