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Maximize the chances for debt recovery with a keeper attachment

Collections Law

This prejudgment attachment is especially useful when a debtor is operating a cash-heavy business like a restaurant or retail store. In Massachusetts, a keeper attachment is a prejudgment attachment in which the court appoints a “keeper” to oversee a debtor’s cash receivables. What does the keeper do? Cohen & Associates LLC.

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Small Business late payment costing SMEs £1.6Bn

UK debt collections

Retail sector showing weak results The weakest results were seen in the retail sector , where sales fell 1.7% y/y for the full quarter), when small retailers usually expect buoyant figures. This is the first period of consecutive monthly declines in retail spending since April and May 2020. y/y compared to a 9.7%

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Enhancing Credit Management with Automation and Real-Time Data

Qualco

This productivity improvement empowers faster and more effective debt recoveries. By Guy Statter , Country Manager, UK & Ireland at QUALCO. qualco Solutions QUALCO 360 provides comprehensive transparency with a customer-centric focus.

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High Street giant apologises for Business late payments

UK debt collections

In certain cases business debt recovery action will almost certain to have been necessary. As a health and wellness retailer, the financial health of our suppliers is very important to us,” a H&B spokeswoman told The Grocer news site. Most small brands are on 90-day payment terms with H&B.

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Could the Recession be good for Debt Collection?

UK debt collections

The spike in job losses means people are unable to pay their personal debts and so on. This article takes a look how the recession could be affecting both Personal Debt Collection and Business Debt Recovery. The retail and construction sectors are particularly being hit hard by sector insolvencies.

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UK Business insolvency rises by 18%

UK debt collections

The current plight of hospitality and retail businesses demands urgent government intervention through a comprehensive overhaul of the business rate system.” “The HMRC also desperately requires increased funding to streamline its financial debt recovery processes.

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Industries with the Best and Worst Recovery Rates

Nexa Collect

Retail/Consumer Misc. Interior Design. Travel Agent. Distribution. Medical / Athena. Construction. Publishing. Credit Unions. Pest Control. Auto Supply & Repair. Restoration Companies. Commercial. Contractors, Special Trade. Industrial.