CICM

FEBRUARY 25, 2021

The Debt Recovery team at UK-top 200 Yorkshire law firm Keebles LLP have outlined some key points for consideration. A statutory demand is a formal prescribed form which you issue to a debtor company as a warning shot that, unless payment is made within 21 days, you will present a winding up petition under the Insolvency Act 1986.

Debtor 40

Debtor Creditors Government Bankruptcy 40

The McHughes Law Firm

JUNE 22, 2016

It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. In conjunction with the execution of a personal guarantee, the well-informed credit manager will also attempt to obtain a personal financial statement from the guarantor.

Commercial Collection 40

Commercial Collection Collections Creditors Credit Management 40

Jimerson Firm

JULY 30, 2020

5th DCA 1980) (“Since the appellees unconditionally guaranteed payment of the debt to the bank, clearly the bank could obtain a judgment for the deficiency against each of the guarantors and the debtor. However, the indebtedness can be collected only once, and any payment on any of the judgments must be credited to the others.”).

Lender 98

Lender Loans Foreclosure Judgment 98