Debt Recovery in a Changing World - The Latest Guidance

Introduction

The year 2020 and 2021 have been a period no one could ever have imagined.

The country has been in lockdown; travel restrictions have been imposed; thousands have lost their jobs, and numerous businesses have suffered financially, some to the point of insolvency.

There is no denying that everyone is doing their best to deal with what has been one of the most difficult periods for the UK economy and, for businesses, handling cash flow is undoubtedly one of the most important issues.

This of course includes debt recovery and the process of recovering monies rightly due from both individuals and other companies.

This newly updated webinar will look at the various debt recovery methods available as well as the pros and cons of each, and which is likely to prove most successful in any given situation.

It will also consider recent legislation, including the Corporate Insolvency and Governance Act 2020 (introduced to assist companies in light of the COVID-19 pandemic), and the affect this has had on the debt recovery process.

The webinar is recommended for all legal professionals from all practices, specifically those in-house or private practice, working with clients who require assistance in the debt recovery field.

It will also be beneficial for other professional advisors specialising or working with commercial clients who may require debt recovery advice or assistance in light of recent events.

What You Will Learn

This webinar will cover the following:

• Know your debtor - profiling and information gathering to ensure a successful recovery (both individual and corporate debtors)
• Pre action letters and correspondence - following the protocol and ensuring compliance
• Repayment proposals and formally agreeing the same
• Enforcement options available, including the pros and cons of each and which is likely to prove most successful in any given scenario (bailiffs; third party debt orders; charging orders; attachment of earnings orders; control of goods orders)
• Statutory demands - effectively using the documents and know when to serve the same
• Insolvency/winding up proceedings
• The Corporate Insolvency and Governance Act 2020 and its implications on the corporate debt recovery process

This webinar was recorded on 18th November 2021