Sentences with phrase «debt recovery tool»

Provisions within the Insolvency Act 1986 provide an innovative debt recovery tool for when a director or member of management has neglected to comply with legislative requirements, and traded using a prohibited name following insolvency.

One of the main reasons why distress was an effective debt recovery tool was the element of surprise — the bailiffs could turn up at the premises unannounced, giving the tenant no time to move valuable assets away from the premises and out of the bailiffs» reach.

Not exact matches

If the people who take out the loan have changed their over-spending ways, debt consolidation can be a good tool to get back on the road to financial recovery.

GhostPractice has an incredibly advanced set of tools designed specifically for debt collections and recovery.

New provisions to modernize wage collection include creating a legislated payment priority for wage debts owed and introduce enhanced enforcement tools to assist in recovery of outstanding wage debts