Tag: credit control

Changes ahead for debt recovery against individuals

With effect from 1 October 2017 a new Pre-Action Protocol for Debt Claims will come into force.  The new protocol comes as part of the ever increasing encouragement from the Courts for parties to engage in constructive communications with one another, and possibly even pre-action ADR, as well as exchanging information with one another, before …

Creditors bankruptcy petitions– A change is going to come

Changes to the Personal Insolvency debt threshold have recently been announced which are due to come into effect in October 2015.  The proposed changes would mark a significant shift in the options available to creditors pursuing debtors for relatively small debts, and have received mixed views. How the land lies currently The current system entitles …

Does the end of the recession signal an end to bad debtors?

I frequently hear that the occurrence of bad debtors worsens during a recession. Indeed, recent figures published by the Registry Trust, the organisation which records all Judgments entered in England and Wales, shows that the number of County Court Judgments (CCJ’s) entered against businesses in England and Wales has dropped by half in the five …