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Leigh White
 

Interest rate increase - what it means for debt recovery

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On 2 November 2017 the Bank of England reversed the drop in interest rates which came into effect on 2 August 2016. This means the base interest rate is back up to 0.5%, a level first introduced in March 2009. What does this mean for your entitlement to...

Pre-Action Protocol for Debt Claims

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Pre-Action Protocol for Debt Claims will come into effect on 1 October 2017 This Protocol applies to any business (including a sole trader or public body) claiming payment from an individual (including sole traders) and describes the conduct the court...

Changes to debt recovery procedures due October 2017

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Pre-Action Protocol for Debt Claims to come into effect on the 1st October 2017 The Protocol will apply to any business (including a sole trader or public body) claiming payment from an individual (including sole traders) and describes the conduct the court...

Court fees increase for debt recovery

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On 25th July the Court Fees associated with some debt recovery matters rose by 10% The Court fee for applying for a Writ of Control rose from £60 to £66; The Court fee for applying for an Order to...

Interesting times for interest claims

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The Telegraph recently reported that the Bank of England’s latest Inflation Report suggests that “fundamental forces are moving in favour of an interest rate rise”, if the UK votes to stay in the >EU this coming June. Click here for...

Recovery Update: Procedural changes for Charging Orders and Attachment of Earnings

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Procedural changes for obtaining Charging Orders and Attachment of Earnings Orders in the County Court will come into effect on the 6th April 2016. Definitions Charging Orders and Attachments of Earnings Orders are methods of enforcing a Judgment Debt...

Debt recovery in the food sector

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Today’s tight economic situation means cash and debt management can make a real impact on the financial stability of a food business. It only takes a few bad accounts on your books to make a real impact. How many times have we heard ‘cash...