Tags: bad debts, cash flow problems, Debt Collection, legal action, SMEsDid you know that from a survey done in UK, 47% of SMEs have no provision in place for bad debts or unpaid invoices? 34% will rely on legal action should they find themselves in such a situation, 27% would use their bank overdraft facility and 15% even plan to cover their shortfall with their own savings!
Unfortunately, even with good working relationship with suppliers and customers
Tags: bad debts, creditor, Debt Collection, debtor, Entrepreneur, SMEs business, warning signs of bad debts Tags: ACRA Bizfile, bad debt, Bankruptcy, Debt Collection, debt collector, Insolvency & Public Office Trustee, small claims tribunalACRA Bizfile - to purchase company’s & people’s profile
Yeah, finally! I just checked my account online and it’s good news! Although it’s not the full amount (it’s the full 2009 amount), it is already about 75% of the debt! The debt collector will be chasing them again now that this first cheque has just cleared.
I feel so happy about this. It’s no longer about the money but more of showing my debtor that I will not
Tags: bad debt, Debt Collection, symptoms of bad debts, warning signs of bad debtsFirst few signs of impending bad debts:
Tags: bad debt, calculated risks, Debt Collection, decision making, Entrepreneur, weighing odds
