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, […]
The Jackson Reforms
The Civil Procedure (Amendment) Rules 2013, otherwise known as ‘The Jackson Reforms’, come into force in England and Wales on 1 April 2013. One of the key effects of the reforms on debt recovery is the increase of upper limit of the value of cases which ought to be allocated to the Small Claims Track […]