How To Make Bad Debts Better in Poor Paying Industries

For companies in these industries, difficulty in getting paid can be frustrating. After a period of time and multiple requests for payment, a company may turn to a debt collection agency for assistance in recovering the debt from their debtor. This is one way of recovering your debts but you may only be able to go so far without a legal process to back up your efforts. This is why, taking the next step and going legal may be your only alternative.

Debt Enforcement – Make It Public by Registering a Judgment

Publicising a judgement does not enforce the judgement made against the debtor, i.e. it will not force the debtor to pay the debt there and then, but often the threat of making the Judgment public is sufficient to bring about payment of the debt where a debtor is afraid of the negative impact such publication may have on their business.

Settling Unpaid Invoices – Did You Invoice Correctly?

In business, just as in personal life, debtors (the people that owe you money) may be slow to pay their debts. This can be frustrating and often leaves the creditor (the person who is owed the money) wondering what to do. Reasons for non-payment of invoices can vary from the creditor being too lenient with the debtor, the creditor not having the knowledge about debt recovery or simply because their invoicing was incorrect!

Liquidation – Winding up a company

Liquidation (also known as, winding up a company) can happen in a number of different ways. The result is that the company is wound up and ceases to trade (i.e. the company is dissolved). The process of liquidation can vary and in Ireland there are three main types of liquidation.

Debt Collection – Defended Claims Process

If your debt recovery journey has brought you to the point of judgment against your debtor, there are a number of ways in which you can collect your debt. The first thing that you need to know is that debtors have the right to defend claims of non payment that have been made against them should they so wish.

What is Examinership?

What is Examinership? Examinership was first introduced in 1990 as part of the Companies Amendment Act and is designed as a last chance of rescue for compan