09 July 2024
When you are running a business, it is easy to send out invoices with a simple “payment to be made within 30 days” term at the bottom. But what happens when the recipient takes...
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05 February 2020
The Financial Conduct Authority’s recent survey (Financial Lives 2017) found that personal debt levels in Northern Ireland are the highest in the UK, with adults owing £670 more than the national average. The survey...
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26 March 2019
The Financial Conduct Authority’s (FCA) recent survey (Financial Lives 2017) found that personal debt levels in Northern Ireland are the highest in the UK, with adults owing £670 more than the national average. The...
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For many businesses pursuing and recovering business debt is a priority. The Late Payment of Commercial Debts (Interest) Act 1998 should be of interest as it inserts an implied term for interest, together with...
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Many businesses supplying goods and services do so on the basis of informal arrangements or inadequate terms of trade. This can lead to considerable difficulties if things go wrong. Businesses should therefore ensure that...
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