UK debt collections

JANUARY 26, 2023

Business CCJ’s have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles facing UK business during the current economic crisis. 610,405 business rated as being in “significant” financial distress in Q4 2022.

Construction 94

Construction Manufacturing Creditors Government 94

American Profit Recovery

OCTOBER 13, 2022

Our economy is changing rapidly and there has never been a better time for your business to do a health check. Everything seems to be rising for those running a small business. Those interest rates not only affect you as a business but are ultimately causing your customers to rethink their finances.

Collection Agencies 178

Collection Agencies Collections Agency Collections Trade 178

American Profit Recovery

JUNE 16, 2022

Recently we held our annual employee week and it was a long time coming! This has been an annual event for many years at American Profit Recovery but it’s no surprise that we were unable to pull it off for the past two years because of COVID-19. We fed our team until they could not eat any longer.

Collection Agencies 215

Collection Agencies Collections Agency Collections 215

American Profit Recovery

DECEMBER 21, 2021

Improving your cash flow and understanding how debt collections fit into your business should be an important part of how you operate in 2022. This past year has seen numerous changes for businesses. What helps a collection agency produce far better results for your business is when you have kept the proper records.

Collections 212

Collections Collection Agencies Collections Agency Debt collector 212

American Profit Recovery

JUNE 11, 2023

It’s June 2023 and household debt just set an all-time record. And it could affect every business in the country. And that should concern every business owner, entrepreneur and anyone responsible for accounts receivables. Americans have racked up over $17 trillion in debt. It’s just that simple.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Nexa Collect

JUNE 28, 2021

For most small business owners, handling day-to-day operations and strategizing for the near future is enough to keep them busy. For that reason, not very many of them take the time to game out what might happen to their business if an unexpected emergency arose. This is where a pandemic like COVID-19 would fit.

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In the Red

MARCH 23, 2020

The COVID-19 pandemic has caused unprecedented economic disruption, creating sudden financial distress across industries. Companies are now facing impacts ranging from a dramatic decline in revenue of uncertain duration, to potential setbacks to M&A transactions, to delayed or canceled financing rounds. Insolvency.

Creditors 130

Creditors Lender Judgment Government 130

American Profit Recovery

AUGUST 14, 2020

When you make taking care of your employees your main mission as an organization, you never think that a pandemic could show you just why this is so critical to a business. As an organization, we provide what we feel can help an employee thrive in this business. This is not an easy business. Because let’s face it.

Collections 147

Collections 147

American Profit Recovery

OCTOBER 28, 2020

And while many consumers do not like being on the receiving end of a communication from a collection agency, companies like ours provide a necessary service to organizations that have challenges in getting their customers and clients to pay or pay on time. If you are in business, people are going to owe you money. What is cash flow?

Collection Agencies 216

Collection Agencies Collections Agency Retrieval Collections 216

UK debt collections

JANUARY 31, 2024

More businesses entered insolvency last year than at any point since 1993, as higher interest rates weigh on UK firms, official data shows. ‘We are certainly seeing an uptick not just in smaller companies but also in larger businesses seeking our support and there could be more painful news on the horizon.’ Last year 53.7

Trade 75

Trade Government Banks Bankruptcy 75

Hudson Weir

AUGUST 21, 2023

In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make a repayment. The National Audit Office reports the total tax debt reached £42bn in September 2021, up from £16bn in January 2020 before COVID-19. If that’s the case, your company isn’t alone.

Collections 52

Collections Debt Management Debt collector Trade 52

American Profit Recovery

MARCH 30, 2023

One of the more frustrating parts of running any type of business is when customers pay late or do not pay at all. As a debt collection agency that works with small business and large organizations, we hear the disappointments regularly from people just like you we are consulting with. And you begin to wonder why.

Collections 130

Collections Collection Agencies Collections Agency Fair Debt Collection 130

UK debt collections

NOVEMBER 13, 2020

Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. As a result, more than half of the suppliers surveyed said they have trouble paying their own vendors on time. It suggests the economy is not in a normal shape.”

Retail 109

Retail Construction Bankruptcy Government 109

American Profit Recovery

SEPTEMBER 2, 2020

It’s understandable that people are going to have a hard time with paying their debts, especially with COVID-19 affecting everyone’s lives. That’s where we step in to help, and I can truly say that American Profit Recovery is there to help out a consumer, even in these hard times.

Debt collector 209

Debt collector 209

Burr Forman

OCTOBER 26, 2021

On October 25, 2021, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance regarding religious objections to workplace COVID-19 vaccination requirements. The new guidance is included in the EEOC’s larger guidance document, What You Should Know About COVID-19 and the ADA, Rehabilitation Act, and Other EEO Laws.

Collections 98

Collections 98

American Profit Recovery

SEPTEMBER 27, 2020

There are not many factors that control the cash flow of a business more than customers and the time frame in which they pay for products or services. Customers pay on time, resulting in positive cashflow. If your organization extends credit in any way, you’ll be investing some measure of resources in trying to get paid on time.

Collection Agencies 183

Collection Agencies Collections Agency Trade Construction 183

Jimerson Firm

JANUARY 22, 2021

It is without question that lending institutions will see significant changes as a result of COVID-19 and with the incoming presidential administration. We now conclude this series by generally discussing considerations for lending in the post-COVID-19 era. to include an assignment of rents provision).

Foreclosure 98

Foreclosure Lender Loans Collateral 98

American Profit Recovery

OCTOBER 25, 2020

The amount of concerns and issues a business owner, entrepreneur or anyone in senior leadership has on their minds on any given day can be countless to say the least. From bringing in enough business, being able to handle that business, everything to do with hiring and firing, cash flow, legal matters, and so much more.

Collection Agencies 162

Collection Agencies Collections Agency Collections Debt collector 162

Debt Recoveries

MARCH 19, 2020

A MESSAGE FROM DRA AND ADC LEGAL REGARDING CORONAVIRUS COVID-19. Like many businesses and organisations, DRA and ADC Legal remain focused on the safety and well-being of our employees and our ability to maintain the high quality of service for our clients. ADDITIONAL SERVICES. Closed case reviews.

Debt Recovery 88

Debt Recovery Government 88

Burr Forman

SEPTEMBER 27, 2021

Since 2020, several Presidential Proclamations have instituted regional COVID-19 travel bans by restricting travel to the United States for international travelers physically present in China, Iran, the Schengen Area, the United Kingdom, Ireland, Brazil, South Africa, and India during the fourteen-day period prior to U.S.

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UK debt collections

APRIL 16, 2021

New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners.

Credit Management 80

Credit Management Debtor Trade Collections 80

ABI

JANUARY 22, 2023

1] In In re Art Van Furniture LLC, a bankruptcy court in Delaware held that COVID-19 falls within the scope of the "unforeseen business exception and the natural disaster exception to the WARN Act's 60-day notice requirement." [2] 6] Following an unsuccessful mediation, Art Van filed a Motion for Summary Judgment. [7]

Bankruptcy 40

Bankruptcy Debtor Retail Judgment 40

UK debt collections

MAY 4, 2021

The UK’s SME Businesses are suffering as a result of late payments. Covid-19 has fuelled the problem and many small businesses and medium sized enterprises are facing going bust. So when is it time for SME Owners to act? Not getting invoices paid on time becomes a two-fold problem. hours per week!

Collection Agencies 75

Collection Agencies Collections Agency Collections Debt Recovery 75

UK debt collections

NOVEMBER 4, 2022

The three industries that experienced the highest number of insolvencies in the 12 months ending Q3 2022 were: Construction (3,949, 19% of cases where industry-type was available); Wholesale and retail trade; repair of motor vehicles and motorcycles (2,910, 14%); Accommodation and food service activities (2,478, 12%).

Creditors 52

Creditors Government Construction Loans 52

UK debt collections

OCTOBER 14, 2021

The financial impacts from COVID is forcing many SME’s into bankruptcy. Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential. Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential.

Collection Agencies 104

Collection Agencies Collections Agency Collections Bankruptcy 104

Burr Forman

FEBRUARY 18, 2021

SIFMA suggests significant remote work likely will continue, even after the COVID-19 “pilot program.”. SIFMA proposed a “location agnostic” overhaul of the Rules in its February 16 comment letter in response to FINRA’s call for “lessons learned” during the COVID-19 pandemic. See FINRA Reg. Notice 20-42 (Dec.

Financial Institution 59

Financial Institution 59

UK debt collections

JANUARY 25, 2021

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor. The latest research for Q4 2020 recorded the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017.

Construction 93

Construction Financial services Government Trade 93

Troutman Sanders

NOVEMBER 24, 2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. On November 19, U.S. State Activities.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

DECEMBER 28, 2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities.

Financial services 52

Financial services Foreclosure Government Debtor 52

Nexa Collect

SEPTEMBER 15, 2020

The current COVID-19 pandemic and the drastic measures that governments undertook to slow the disease’s spread have devastated the global economy. Businesses around the country and the globe were forced to close, with many remaining so today, or operating at a fraction of their average volume. Contact Us. High Recovery rate.

Collection Agencies 130

Collection Agencies Collections Agency Collections Lender 130

Receivables Control

JULY 9, 2021

Sixteen months have passed since Covid-19 caused a global health crisis and economic upheaval. After more than a year, we are grateful to all those that created vaccines to squash Covid-19. What does normal look like in the business world? Many businesses are struggling to keep up with hiring.

Construction 98

Construction Collections Creditors Collection Agencies 98

Credit Corp

JULY 1, 2021

As the pandemic peaked and stores closed their doors, e-commerce accelerated in growth to become a steady crutch for businesses (and people) to lean on during unprecedented times. trillion in 2020 , which is equivalent to 19% of all retail sales. Read on as we outline whether e-commerce is a viable business avenue post-COVID.

Retail 88

Retail Trade Banks 88

Fraser

AUGUST 13, 2021

If there is anything we’ve learned about COVID-19’s impact on businesses over the last 18 months, it’s that change is the only constant. With COVID numbers on the rise, reportedly due to the “Delta” variant, businesses are again confronted with making decisions about mask-wearing policies in the workplace.

Government 52

Government 52

Troutman Sanders

AUGUST 9, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Collections Law

APRIL 14, 2020

Routine business operations have changed as the COVID-19 pandemic continues to affect Massachusetts. THIS IS NOT THE TIME TO SIT ON THE SIDELINES WHILE OTHER CREDITORS TRY TO COLLECT FROM YOUR DEBTORS. That is what your competitors are doing as we are seeing a significant uptick in business. .

Mechanic’s Liens 52

Mechanic’s Liens Collections Debtor Debt Recovery 52

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

Indiana Consumer Law Group

MARCH 25, 2020

It is my hope in these trying times that creditors exercise restraint and avoid repossessions altogether. Unfortunately, I am afraid that repossessions are still going to occur during the Coronavirus Covid-19 pandemic. Continue reading. It seems like the right thing to do. This means two things.

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Repossession Lawyers Creditors 75