If a business or individual owes your business and defaults in repayment of it, there are a number of steps you may be able to take to recover it. (LACHLAN MCKNIGHT | JULY 26, 2013)
1) Send a letter of demand
2) Work with a solicitor or debt collection agency
3) Negotiate repayment of the debt
4) Participate in ADR
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Rocketlawyer.com offers free legal help and information. This article has some really good insight on how to choose a good collection agency. To read the full article please click here.
Five Tips for Hiring a Debt Recovery or Debt Collection Agency. While there are smart ways to avoid the debt collection process, sometimes you have to hire a professional. After all, you have your business to run and dealing with delinquent accounts can be draining on your resources, time, and patience. Continue reading