Hitchin Business Networking27th April 2010

How to get that payment with minimum effort or cost

What is CfAB• Cash Flow• Reducing Costs• Paying Slower• Collecting Faster• Debtor Days

3 Parts to today’s workshop

• Most important part of debt collection• The judgment process• The effects of the Courts, Tribunals & Enforcement

Act 2007

– The Sale

Groundwork

• Know your customer• Credit check!• Who• When• T&Cs

The Follow up• Stick to your T&Cs• Deal with Disputes!!!!• Use a 3rd Party to collect• Confirm everything in

writing

Getting legal• Final Demand• www.moneyclaim.gov.uk• Response pack• Judgment

Enforcement

• Transfer to High Court• Cost• 96p in the £1

• No more Bailiffs• No Sheriff Officers / HCEO• SIA?• Force entry

New Act

• Due diligence is the most important part of debt collection

• The judgment process• The effects of the Courts, Tribunals &

Enforcement Act 2007