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Chasing up money your business is owed? Amanda Hamilton, Chief Executive of the National Association of Licensed Paralegals shares her insights on how to do just that. Amanda Hamilton, Chief Executive of NALP has previously shared her advice on the options startups have when faced with a legal dispute. Now, in this piece, she shares insights for startups when dealing with debts and the pot...
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£1.5m seed funding raised by innovative startup that's helping to predict and prevent insolvency... Good news for Cerebreon, the insolvency technology startup with the announcement that they have raised £1.5m in seed funding in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy. The Irish startup is working with consumers, financial institutions and in...
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No one likes having to deal with creditors chasing you for payment. Some creditors are easier to deal with than others, depending on the amount owed, and how assertive they are. Most creditors will stick to sending reminders before further action, while others may pursue applications for court orders, and visits from debt collectors and bailiffs could soon follow. Occasionally, creditors may take...
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From understanding more about how a business can invoice effectively to avoid late payments, to what debt recovery means, how to take legal action against overdue debt, how to make a statutory demand against a company, we chatted to Toby McMurray, Partner at commercial law firm Tughans, to find out more about managing payments. Tughans is one of the largest commercial law firms in Northern I...
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If you’re counting on receiving a payment, days or even months after the due date, it’s time to take action. Here's some handy tips for dealing with late payments. If you’re counting on receiving a payment, days or even months after the due date, it’s time to take action. Before beginning the chasing up process, it’s important to remember that you’re asking for...
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Dozens, an everyday bank account, a savings ally, a money manager, a financially savvy friend - all in one app, is on a mission to make saving easier and more rewarding for all and they have onboarded over 1000 customer within just two weeks of its app launch. Traditionally, banks have relied on customer debt for profit – this is something not even the ‘challenger banks’ have qu...
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