Recovery of judgment debt 3 years after judgment.
Sterling Legal brought a claim against a company and its director (under a director’s guarantee) but was unable to enforce as the defendant left the UK. 3 years later, having returned to the UK, the debtor found that he could not obtain financing for a new business or even obtain a credit card due to […]
Warning to SMEs chasing late payments
SMEs will be disadvantaged in chasing late payments from big business customers the Bar Council has warned. Wealthy individuals and big business will have the upper hand in court proceedings if further increases in court fees get the go ahead under plans announced by the Ministry of Justice, the Bar Council has warned. The Bar Council, […]