Unpaid invoices represent a serious threat to cash flow and chasing money from customers is unfortunately a fact of business life for most companies. However, if you are owed a debt either by a company or an individual then you need to think twice before issuing proceedings.
Strict rules govern the pre-action conduct of parties in a debt recovery claim and businesses need to be careful to ensure that they comply with the pre-action conduct requirements. If they fail to, the Court may punish you with powerful sanctions such as making an adverse costs order against you. Read the rest of this entry »
