Debt recovery costs

The truth is no-one really knows too much about settling late payment demands.

There appears to be only 2 high court cases in regards to late payments. Defra v Ruttle and their appeal on the same case.

Hence the importance of hearing from people who have actual experience of the courts on our late payments demands.

I do agree, that there should be more action by the moderators on this site in regard to promoting this legalisation in a positive manner.

This legalisation if implemented could change how we do business in the UK. Maybe !

PLEASE KEEP POSTING ABOUT YOUR ACTUAL COURT EXPERIENCE'S. PLEASE, AS THIS IS THE ONLY WAY TO KNOW HOW EFFECTIVE WE CAN BE WITH OUR DEMANDS .

Edward

Nick Wilson is Professor Nick Wilson who holds the Chair in Credit Management at the University of Leeds. He is a world authority on the subject. I and David ran the Better Payment initiative for nearly 8 years and decided to keep the site going so it would continue to be a useful resource for business people. We are all doing this voluntarily. We are all experienced business owners and want to do something constructive instead of just moaning that 'something should be done'.

The title of the site is put there to maximise search engine recognition. It is not a mistake. We want as many contributors as possible to provide a place where business people can help each other.

We are not lawyers and are not dispensing free legal advice. We are signposting information and putting people in touch with useful organisations/each other.

The supporters list is to help people find others with like minded business ethics. We agree that there are a lot of rotten apples out there but we would rather start with putting decent companies in touch with each other as it is a more positive route.

I hope this helps

Chris

I am currently in the process of making a small claim after non payment and have done all the ground work for this. I am claiming late payment intterest and debt recovery ontopof the initial invoice. On the online for it asks you to fill in:

Claim Amount:
Daily rate of interest up to the date of judgment:

Do I put in my initial invoice amount or my invoice + debt recovery cost? Also, does the daily rate of interest get effected by the debt recovery cost as assumed not and did not factor it in in my last invoice sent?

I hope this makes sense.

Thank you

Helen

I prepared many small claims in relation to the late payment legalisation. I linked software to my accounting package which trailed through all invoices and payments for 6 years and then produced a legally worded demand. I settled around £15,000 without going to court, however the remainder I with drew, as I just felt too uncertain. Many of the demands just fell on deaf ears.