Monthly Archives: October 2011

Debt Recovery Blog – The global economic recovery is over

Just in case there was anyone left on the planet who thought that the global economic recovery was slow, but nevertheless still happening, the largest ever survey of finance professionals to be undertaken by ACCA (the Association of Chartered Certified Accountants) has poured water on the last remaining ambers and sparks of optimism. According to the [...]
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Debt Recovery Blog – when debtor tracing goes wrong

An elderly knight of the realm had bailiffs knocking on his door over an unpaid £5,000 gas bill – despite never having gas in his home. Sir John Tavare, 91, and his 87-year-old wife Lady Daphne were stunned to say the least when a debt collector (knocking on their door) claimed they owed an unpaid £5,000 [...]
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Debt Recovery Blog – increase in company failures still to materialise

The rate of company failures slowed during Q3 despite an increase in corporate insolvencies during the first half of this year, according to data published today. The data, compiled by commercial credit referencing agency Graydon UK, showed that the number of corporate insolvencies will be 4.5% lower than the number recorded during the same period of [...]
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Debt recovery blog – Trade credit insurers still cautious of SMEs

While the market for trade credit insurance continues to remain competitive for large corporate businesses the prospects for many SME’s are not so rosy. Trade credit insurance is often used to reduce the impact of bad debt and other commercial debts crippling or adversely affecting a supplying business. Large corporate firms have a wider risk spread [...]
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