A Guide to Recovering an Unpaid Debt
- Price: £3.60
- Published: May 2014
- Type: Business Information Factsheet
- Format: PDF
No matter how good your credit control procedures are, at some point you may find that you have a customer who has simply failed to pay an invoice, despite your best efforts to pursue them for payment.
In these circumstances you may need to take debt recovery action to secure payment of the debt by involving third-party debt collection agencies or by instigating court action or insolvency proceedings.
This factsheet explains the issues to consider before taking debt recovery action, the basics of late payment legislation and the various options for securing recovery of the debt.