- Private Wealth
We recently published an article with information about how processing debt claims will change under the new Pre-Action Protocol. The Protocol applies to all debt claims where a business is claiming payment of a debt from an individual irrespective of the value of the debt.
Now we’re sharing how to avoid delays within the new process. It is important to start putting written agreements in place to safeguard your position and it is vital to identify your customer from the outset to avoid delays later down the line. Many businesses do not know who the person responsible is behind their customer if the business is a ‘firm’.
If your customer is not a limited company or LLP, do not be afraid to ask who owns the business and/or the name of the partner(s) for your records.
We list below example entities:-
June 27, 2017
The courts have long-encouraged early engagement and clear communication between businesses, creditors and their debtors as a way of settling debts without the need for taking it to court. Now,...