article thumbnail

What is Commercial Debt?

Debt RR

To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. The post What is Commercial Debt?

article thumbnail

Dubai jailed Brit targets Saudi Royal Family over unpaid debts

UK debt collections

The Debt Recovery Action relates to their alleged failure to honour a deal that has left him facing imprisonment in Dubai. Mr Arnold was arrested this week in Dubai on charges of ‘unpaid debts’ which he blames on the failure of Saudi royals to keep their part of a legally-binding deal.

Lawyers 53