UK debt collections

JANUARY 26, 2024

Kenham operated for 25 years but hit technical challenges related to groundworks on a large residential refurbishment scheme. With no significant pipeline of new work and clients rejecting existing contracts, all staff were made redundant. Debt recovery is the process of collecting unpaid debts from individuals or businesses.

Construction 89

Construction Debt Recovery Debtor Trade 89

Nexa Collect

SEPTEMBER 12, 2022

The most successful business owners tend to have a plan for everything. However, one very important thing that many savvy business owners may forget or procrastinate in planning is how their business will continue after they die. The loss of your business may not impact only you, either. Who Can Take Over for You?

Education 130

Education Lawyers 130

Price Meese

APRIL 26, 2024

A non-compete agreement is defined as a term of an agreement or policy of employment that would interfere with an employee’s seeking or accepting work with any other employer, or operating any kind of business in the U.S., even one in direct competition with the former employer.

Trade 52

Trade 52

Nexa Collect

JUNE 20, 2020

Businesses can have troubled relationships, much like people. When a contract is breached, inadvertently or on purpose, one of the greatest losses is trust. An entrepreneur doesn’t start a business with a distrustful mindset. Many business owners are full of hope, ambition and optimism. On the contrary.

Collections 130

Collections Collection Agencies Collections Agency Collection Agent 130

Jimerson Firm

MARCH 4, 2024

Proactive monitoring of the developing employment legislation and regulations is beneficial for businesses to defray the potential costs of substantial, unprepared operational adjustments that may be required to obtain compliance with employment legislation after its passage.

Trade 59

Trade 59

American Profit Recovery

JULY 5, 2021

While there may be many unknowns when running a small or large business, one thing we know for sure is that late-paying customers and clients are part of operating any size business. We’ve talked numerous times here about the importance of invoicing on time for any size business. But you need to keep your cool.

Collection Agencies 230

Collection Agencies Collections Agency Collections 230

Public Citizen

MARCH 12, 2022

 Professor Toomey argued that regulation of arbitration would undermine  freedom of contract. And Professor Zywicki testified that "Available evidence suggests that the presence of arbitration clauses in consumer finance contracts is consistent with the operation of a competitive market with consumer choice.

Banks 98

Banks 98

American Profit Recovery

JANUARY 16, 2021

The year 2020 has been a long and stressful road for so many in business. We are sad to see what this past year has done to so many businesses that appeared to be thriving at the beginning of 2020. Some companies have thrived during COVID-19 and they have taken specific steps to continue operating. Review your receivables.

Collection Agencies 172

Collection Agencies Collections Agency Collections 172

Taurus Collect

MARCH 5, 2024

This article aims to demystify the consequences of overlooking debt collectors and to provide insights into how debt collection services operate within the UK’s legal framework. Small business owners who are not proactive in addressing collector calls can find themselves in a quagmire.

Debt collector 52

Debt collector Asset liquidation Debtor Education 52

PDC Flow

JULY 19, 2023

Businesses want to make money. One of the most common–the profit and loss statement–lets companies: Monitor how the organization is performing and better understand profitability Assess expenses and profit trends Plan for future growth and reinvest in the business based on P&L data What is a Profit and Loss Statement?

Retail 85

Retail Collections 85

Fraser

FEBRUARY 21, 2023

The State of Michigan, Department of Labor and Economic Opportunity (LEO) and Michigan Nonprofit Association (MNA) have teamed up to help Michigan charities whose operations were impacted by the COVID-19 pandemic. Castellani is an attorney and CPA with Fraser Trebilcock with over three decades of experience handling business transactions.

Acquisition 80

Acquisition 80

Taurus Collect

DECEMBER 18, 2023

In the dynamic world of business, maintaining a steady cash flow can be a challenge, particularly when clients fail to settle their debts on time. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts.

Collection Agencies 52

Collection Agencies Collections Agency Debt Recovery Collections 52

Fraser

NOVEMBER 11, 2022

Sixth Circuit Rules that Notice is Required to Terminate Contract for Successive Performances. Under Section 440.2309(2) of Michigan’s Uniform Commercial Code, a contract that “provides for successive performances but is indefinite in duration” may be terminated at any time (without cause). However, as a U.S.

Manufacturing 71

Manufacturing Education 71

Fraser

MAY 4, 2023

Even though the Michigan Legislature is currently mired in the often months-long process of passing a budget, there is a package of mostly non-spending bills in the Michigan House of Representatives that businesses should be keeping an eye on. ii) The individual performs work that is outside the usual course of the payer’s business.

Acquisition 88

Acquisition Trade Collections 88

UK debt collections

OCTOBER 26, 2022

The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey. Two-thirds of businesses (67%) feared a “global cashflow crisis” would occur if firms continue to pay late. Audit committees of big corporates must be made accountable for payment practices.

Manufacturing 59

Manufacturing Government Construction 59

Jimerson Firm

MARCH 26, 2024

In the complex and fast-paced world of business mergers and acquisitions (M&A), the creation of a comprehensive closing checklist is crucial. The closing checklist serves as a deal roadmap, ensuring that all critical steps are taken, and no detail is overlooked.

Acquisition 59

Acquisition Financial Institution 59

Hudson Weir

JANUARY 27, 2023

Hudson Weir is proud to have helped rescue a much-loved cycling brand – saving all employee contracts over the Festive Season. The team then traded the business in order to protect its value and find a buyer for the business and assets. It’s a viable business with a good reputation. Nick said: “It was a win-win.

Trade 52

Trade Creditors 52

Fraser

NOVEMBER 23, 2022

The GLBA, which was implemented over 20 years ago, defines how businesses gather, use, and share certain financial information about their customers. The Safeguards Rule establishes certain data security requirements for how a business stores that information. You can reach him at 517.377.0848 or at bburgee@fraserlawfirm.com.

Credit Counselor 80

Credit Counselor Acquisition Lender Trade 80

American Profit Recovery

MAY 28, 2021

You can further lay out expectations and set the tone for how your business will operate by requesting your fees upfront at the beginning of your relationship. For example, when you are signing an agreement with a new client, place in writing that you expect some type of payment when the contract is signed.

Collection Agencies 244

Collection Agencies Collections Agency Law Firms Collections 244

Troutman Sanders

OCTOBER 19, 2023

As our Privacy + Cyber professionals explain in a more detailed summary , the expanded new requirements of the Delete Act are a legal and operational game-changer for organizations that qualify as data brokers. Even if your business isn’t considered a data broker, data obtained or used by your business likely comes from a data broker.

Collections 52

Collections 52

Nexa Collect

OCTOBER 21, 2021

A recent report by Deloitte found that nearly half of all medical practices are either uncertain or very uncertain about their ability to stay in business over the next three years, with 40% of respondents noting that they were not confident about their financial stability. How Medical Practices Are Minimizing Operating Costs.

Healthcare 130

Healthcare Collections 130

Fraser

SEPTEMBER 8, 2022

Castellani is an attorney and CPA with Fraser Trebilcock with over three decades of experience handling business transactions. This enforcement action may include lengthy RI registration suspension or termination. RI’s are advised that all certifications to NHTSA must be completely accurate and not false or misleading.

Acquisition 81

Acquisition 81

PDC Flow

NOVEMBER 29, 2023

For many businesses, especially those in regulated industries, using this criteria may not lead you to the best payment software for your company. Send a contract or retainer agreement and collect a deposit or payment agreement in one simple workflow. This is because not all payment processing services are the same.

Healthcare 79

Healthcare Collections Banks 79

Troutman Sanders

MARCH 31, 2023

Vehicle Installment Contracts. Raises the limit for sales finance company’s installment contracts on vehicles (from $50,000 to $75,000) and equipment (from $16,000 to $25,000). SB 1033 is sponsored by the House Banking Committee and, if passed, would take effect on October 1, 2023. Sales Finance Company. GAP Waivers.

Banks 98

Banks Retail Loans Lender 98

PDC Flow

MARCH 23, 2021

An essential part of running an accounts receivable business is keeping up with trends that will impact the industry and your agency. Operational Risk Management. The best way to protect your business from risk is through prevention. Contracts With Clients and Vendors. Risks and Liabilities.

Collection Agencies 97

Collection Agencies Collections Agency Education Collections 97

PDC Flow

DECEMBER 20, 2022

Learn about our new business relationships and how we improved the self-serve options you can offer your customers through enhanced recurring payments and QR codes for printed billing statements. Before finding PDCflow, Carlisle was using two separate systems to first get contract signatures and then collect a deposit for an order.

Education 68

Education Manufacturing Collections 68

Fraser

OCTOBER 17, 2022

As we previously addressed in 2021, Congress passed the Corporate Transparency Act (“CTA”), which requires certain business entities to report the “beneficial ownership” of an entity to the U.S. Failure to disclose the necessary information may subject businesses to significant civil and criminal penalties. Who Must Report.

Credit Unions 90

Credit Unions Credit Unions Acquisition Banks 90

PDC Flow

NOVEMBER 1, 2023

By eliminating the hurdles of traditional payment methods, business-to-business Automated Clearing House (B2B ACH) payments create a swift, secure way to navigate modern business operations. Why Business to Business ACH Transactions? As a result, both payers and payees experience quicker access to funds.

Banks 78

Banks Government Financial Institution Collections 78

Fraser

SEPTEMBER 22, 2022

So, you and your little sister, Rachel, finally started that mitten-shaped decorative soap business you’ve always talked about – Nice! You forgot to agree on the rules for running your business, the rules for how you and your sister will make the “big” decisions for your new company.

Startups 67

Startups Acquisition Lawyers Banks 67

Troutman Sanders

MARCH 18, 2024

Additionally, a licensed EWA provider will be required to submit an annual report that includes information about its operations for the prior year, and comply with various licensing requirements. On February 20, the Wisconsin Senate passed House Bill (HB) 574 to regulate earned wage access (EWA) products and services.

Credit Unions 52

Credit Unions Credit Unions Banks Debt collector 52

Jimerson Firm

JANUARY 17, 2023

It happens more than you would think—to both small, family-owned businesses, and even national corporations—when people come to an agreement regarding a business transaction, only to later find that one or both of the parties failed to sign the contract governing the relationship. Is the contract still enforceable?

Construction 52

Construction Creditor's Rights Government Commercial Collection 52

PDC Flow

JANUARY 11, 2022

What is contract management? Simply put, contract management is the process of managing the negotiation , creation, sending or receiving of contracts between parties. What does contract management look like within your own company? What does contract management look like within your own company?

75

75

Nexa Collect

AUGUST 2, 2020

The loss does not mean the future business, but if they file for bankruptcy, then even the current outstanding AR may turn into a complete loss. The loss does not mean the future business, but if they file for bankruptcy, then even the current outstanding AR may turn into a complete loss. Monitor the extent of account deficits.

Chapter 7 bankruptcy 130

Chapter 7 bankruptcy Bankruptcy Startups Creditors 130

UK debt collections

JULY 18, 2022

A shocking rise in Business insolvencies has seen a 70% increase. The alarming rise has seen business insolvencies jump from 11,261 to 19,191 in the last year. Mazars adds that if UK businesses hadn’t shifted so much of their borrowing to fixed rate loans, the financial impact on business as a whole would have been even greater.

Construction 72

Construction Government Loans 72

Jimerson Firm

NOVEMBER 6, 2023

When drafting any sort of detailed business contract, a common question is what type of dispute resolution provisions should be included in it. If the parties to a contract select arbitration, they are typically able to choose the arbitrator to resolve the case. Will the parties require litigation or arbitration?

Law Firms 52

Law Firms 52

Jimerson Firm

JUNE 7, 2023

57b-1(a)(6)—a definition of “person” that covers nearly every feasible type of individual or entity) that hires or contracts with a worker to work for the person.” § 910.1(c). In step with their public position, the FTC proposed a new rule in January 2023 that would declare non-compete clauses an unfair method of competition.

Trade 52

Trade 52

CICM

JUNE 7, 2023

Ensuring your invoices are paid promptly and within terms is an essential item on the ‘to-do’ list for any business that wants to maintain a healthy cash flow position. In this blog, you will find tips that help ease the process, secure some ‘wins’ and streamline your business operations.

Collection Agencies 52

Collection Agencies Collections Agency Credit Management Collections 52