In this blog we provide an overview of whether your debts are worth pursuing and when you should speak with a lawyer for advice or to help with debt recovery.
Most people immediately think about legal action when they hear the phrase “debt recovery”. While formal proceedings are certainly one way in which a debt can be pursued, it is not always the best way. Court proceedings are typically time consuming and expensive.
Many businesses, particularly those that are struggling with cash flow, overlook some of the simplest debt prevention tools. One of the easiest ways to immediately improve cash flow is to design (or simply decide upon), implement and routinely use good billing practices.
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