Debt Recovery in a Changing World - What’s New?

Introduction

Brexit. COVID. Financial crises. War. Industrial Strikes. The list goes on!

There is no denying that everyone is doing their best to deal with what has been, and continues to be, one of the most difficult periods for the UK economy and, for businesses, handling cash flow is undoubtedly one of the most important issues.

This of course includes debt recovery and the process of recovering monies rightly due from both individuals and other companies.

For lawyers with clients of any shape, size, variety or specialism, debt recovery is likely to be an important skill in the coming weeks and months as we continue on this unknown path of frustrated contracts, cancelled bookings, non-provision of services and outstanding invoices.

This webinar will look at the latest guidance for those working in the debt recovery field.

Find out:

• Which methods of recovery are most popular, and why?
• Which methods are likely to prove most successful in any given situation?
• What new legislation has been introduced and how does this affect our processes?
• What is the outlook as we move forward and how can we prepare ourselves to ensure we continue to offer the highest level of service when recovering monies?

What You Will Learn

This webinar will cover the following:

• Know your Debtor - profiling and information gathering to ensure a successful recovery (both individual and corporate debtors)
• Pre action letters and correspondence - following the protocol and ensuring compliance
• Repayment proposals and formally agreeing the same
• Enforcement options available, including the pros and cons of each and which is likely to prove most successful in any given scenario (bailiffs; third party debt orders; charging orders; attachment of earnings orders; control of goods orders)
• Statutory demands - effectively using the documents and know when to serve the same
• Insolvency/winding up proceedings
• Recent legislation

This webinar was recorded on 24th April 2023