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<copyright>Copyright &#169; 2012 Debt Recovery</copyright>
<pubDate>Sun, 05 Feb 2012 08:50:11 +0000</pubDate>
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<docs>http://blog.lblaw.co.uk/</docs>
<description>Lanyon Bowlder Solicitors blog.</description>
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<title>Lanyon bowdler Blog feed</title>
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<description>Lanyon Bowlder Solicitors blog.</description>
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<title><![CDATA[Christmas is Stressful Enough - Avoid Seasonal Debt]]></title>
<link>http://blog.lblaw.co.uk/christmas-is-stressful-enough-avoid-seasonal-debt-349/</link>
<description><![CDATA[
Everyone knows that Christmas can be stressful, and especially so from a financial point of view.  In the current tough times, many people may be worrying about finding the money to buy presents and go the extra mile with additional food and drink.  As a result, this can lead to Christmas debt problems which are still being paid off months into the New Year.  

It is always best to plan in advance a budget you can afford to spend, and stick to it.  There is no point getting into debt at Christmas and then struggling to pay it off for the rest of the year.  It is better to be realistic about what you can afford, and it will make for a much more enjoyable Christmas! However, if you do find yourself with a debt you can't manage, it's much better to acknowledge the problem and talk to a debt adviser, who can offer impartial advice to reduce the debt and get your financial situation back under control.


 ]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Thu, 08 Dec 2011 09:46:43 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/christmas-is-stressful-enough-avoid-seasonal-debt-349/</guid>
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<item>
<title><![CDATA[Debt Collectors Ordered not to use Facebook or Twitter to Collect Debts]]></title>
<link>http://blog.lblaw.co.uk/debt-collectors-ordered-not-to-use-facebook-or-twitter-to-collect-debts-340/</link>
<description><![CDATA[
The Office of Fair Trading has released an updated guidance note ordering debt collectors to refrain from using Twitter or Facebook in their attempts to collect outstanding debts. This step is designed to prevent people from suffering the embarrassment or stress of having their money troubles aired in public.Whilst this is not a tool of collection that Lanyon Bowdler have used or would use in recovery of outstanding debts, the new rule prevents any party engaged in the recovery of a debt including banks, legal bodies and conventional debt collectors from using these types of sites.    Those collecting outstanding debts should respect confidentiality at all times and treat debtors in a fair and proper way. If you are having a problem in collecting a debt, please do not hesitate to contact me.   Lisa Blair: on 01952 211024 or email lisa.blair@lblaw.co.uk   
]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Mon, 14 Nov 2011 13:15:26 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/debt-collectors-ordered-not-to-use-facebook-or-twitter-to-collect-debts-340/</guid>
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<item>
<title><![CDATA[Do You Know Who You Are Trading With?]]></title>
<link>http://blog.lblaw.co.uk/do-you-know-who-you-are-trading-with-296/</link>
<description><![CDATA[
During our recent Minimising the Risk of Bad Debt Seminar in Oswestry, I highlighted the importance of businesses knowing exactly who they are trading with.
This is something I quite often come across in cases of debt that I have been asked to recover, only to find its not entirely clear who is responsible for payment of the invoice! This of course can then slow down the process of recovery.
It can be tricky - Is it Mr A N Other trading as a sole trader, is it Mr A N Other and Mrs B N Other trading as C N Other or is it A N Other Limited?
To save time and costs, it is important to ensure the correct legal entity is pursued from the outset.  It is always a good excuse for a debtor not to pay, if he can say the invoice has been incorrectly addressed eg A N Other Limited has been invoiced, but actually it is Mr A N Other who is responsible.
To help prevent these problems occurring, I advise my clients to train their staff to:
 Gather as much information about their customers as they can at the outset; Obtain a fully completed credit application form.  Dont be frightened to ask!   Make sure you have credible trade references or even better, a written contract; and lastly,  You need to protect yourself, so ensure you verify the information you have obtained!
I am a Fellow of the Institute of Legal Executives and head up Lanyon Bowdlers Debt Recovery Unit, based at the Telford office.  With the added benefit of my team of dedicated debt recovery case handlers and administrators, I am able to ensure we offer our clients practical, cost effective solutions in relation to recovering outstanding monies.  
If you would like any advice, we are always happy to offer an initial FOC chat, so contact the team on 0800 652 3374 or email debtsolve@lblaw.co.uk.]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Fri, 03 Jun 2011 14:12:46 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/do-you-know-who-you-are-trading-with-296/</guid>
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<title><![CDATA[The Anti-'Social Network']]></title>
<link>http://blog.lblaw.co.uk/the-anti-social-network-279/</link>
<description><![CDATA[
It is now widely known and accepted that present and prospective employers will check out your Facebook page, to judge your suitability for (continued) employment but Hastings County Court has reportedly (The Telegraph 14.3.11) gone one step further and allowed service of a Court Order via the social networking site.The Courts have long had the power to allow service by alternative means where an evasive Defendant has managed to elude traditional methods of service, but this latest development shows a willingness by the Courts to embrace new technologies and serves as a further reminder to be careful about what you present to the world on-line.How this is received will depend on which side of the fence you sit. For the active social networker it is but the latest example of how registering your details on-line can have much wider ranging consequences than was initially imagined. Im not a user of Facebook myself (before you all run to poke me) for precisely the reasons that I cant possibly know all the ways in which my personal information will be used or exploited in the future. However, it is another potentially very effective tool in the armoury of our Debt Recovery Department and may help achieve an even higher success rate for its clients. An increasingly digital world makes it more and more likely that your Debtor will put their head above the parapet somewhere, even if its only the virtual sense.Facebook - for the time being  appears firmly established and this little warning is unlikely to have much impact on its members, so I would predict that there is going to be a sharp rise in the use of the site (or others like it) to firstly track and serve Debtors and in the future, who knows... Interestingly, we have actually had some Facebook litigation; there has been one case where we persuaded Facebook to remove a fake profile purporting to be our client, and Ive heard of a case where someone has been threatened with a defamation claim for liking a comment someone else posted which was alleged to be defamatory. For information as to how our debt recovery unit may be able to help you contact Lisa Blair on 01952 291222 or email her lisa.blair@lblaw.co.uk. 
]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Fri, 01 Apr 2011 14:08:29 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/the-anti-social-network-279/</guid>
</item>
<item>
<title><![CDATA[Debt Advice for the New Year]]></title>
<link>http://blog.lblaw.co.uk/debt-advice-for-the-new-year-253/</link>
<description><![CDATA[
With the Christmas and New Year festivities over, now is the time when people review their spending habits and take stock of the true cost of Christmas. With the increase in VAT, and rises in fuel prices, the financial forecast for 2011 is cautious, with the government already warning of a difficult financial year ahead.  Come January, people find themselves in a situation where previous financial worries are amplified by the bills arriving from the festive season. Piles of unopened envelopes, ignoring the phone, constant worry and sleepless nights - these are just some of the symptoms of debt denial.  
Naturally the credit card bills start to arrive from January and people enter into the New Year burdened with debt as a result of overspending at Christmas time.  Each month brings new reasons to hide further under the duvet and simply hope for the best.  
You are not alone.  The UK debt help market has never been busier, as a massive percentage of the nations consumers continue to struggle to cope with their finances in the wake of the credit crunch. 
However serious your debt problems are, you need to be proactive in sorting them out.  Sitting at home worrying isnt going to fix anything and neither will denial.  If you have serious debt problems then you have to take decisive action.   If you find yourself in this black hole and seem to be falling deeper and deeper you need to seek advice from an experienced debt professional.  Lanyon Bowdler have the experience to guide you through this difficult time and help you to see the light at the end of the tunnel.
Lanyon Bowdler are currently offering 30 minutes free debt advice, and an appointment can be arranged by contacting Gary Sans on 0800 6523374 or gary.sans@lblaw.co.uk. ]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Tue, 04 Jan 2011 15:45:39 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/debt-advice-for-the-new-year-253/</guid>
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<title><![CDATA[New Talent at Young Enterprise Scheme]]></title>
<link>http://blog.lblaw.co.uk/new-talent-at-young-enterprise-scheme-232/</link>
<description><![CDATA[
Keen to give young people a chance to experience the challenges and rewards of running their own business, I have again volunteered to be a business adviser to a Young Enterprise company.  
This involves attending the weekly board meetings held by the students who run the company to provide guidance and encouragement.  This years programme is being run at Idsall School near Shifnal, Shropshire,  and has had a really promising start.  Of the five Young Enterprise companies established by Idsall School this year, I am mentoring a company called Just4U! which has decided to make and sell personalised products.  The students are eager and talented, and Im certain they will make a real success of their company during the course of this academic year.  
Its such a delight to watch the students develop not just their understanding of business but also their personal and social skills in a business environment. 
 ]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Mon, 11 Oct 2010 11:07:40 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/new-talent-at-young-enterprise-scheme-232/</guid>
</item>
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<title><![CDATA[Taking a Look at the Role of a High Court Enforcement Officer]]></title>
<link>http://blog.lblaw.co.uk/taking-a-look-at-the-role-of-a-high-court-enforcement-officer-230/</link>
<description><![CDATA[
Yesterdays Credit Control Network Seminar at Grays Hotel & Conference Centre in Telford went really well, and we enjoyed a detailed presentation given by Martin Leyshon, one of the Directors of High Court Enforcement Group.  Martin, who was originally appointed as a Sheriffs Officer back in 1995 and who also sits as Vice Chairman of the High Court Enforcement Officers Association, was accompanied by Amir Ali, who is also the Vice Chairman of the Civil Court Users Association.
As I instruct High Court Enforcement Officers to recover outstanding civil judgment debts for my clients in the Debt Recovery Unit on a regular basis, this was a handy opportunity for some of our clients to meet a High Court Enforcement Officer face to face and to question him about the processes High Court Enforcement Officers follow.  It also helped us to learn more about the daily life of a High Court Enforcement Officer coupled with what training they have to undergo, whether it involves collecting debts or carrying out environmental evictions e.g. removal of squatters!
Im going to spend a day with one of the local High Court Enforcement Officers soon to see first hand how they work, and get a day in the life glimpse!  It should be an interesting day and Im looking forward to seeing how this side of debt recovery works, as its always good to get a rounder understanding of your own job by finding out about those who work so closely with you.]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Fri, 24 Sep 2010 17:11:19 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/taking-a-look-at-the-role-of-a-high-court-enforcement-officer-230/</guid>
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<title><![CDATA[Statutory Demands - Creditors' Solution for Reluctant Debtors]]></title>
<link>http://blog.lblaw.co.uk/statutory-demands-creditors-solution-for-reluctant-debtors-226/</link>
<description><![CDATA[Considered by some as nothing more than a scare tactic, results show that Statutory Demands are highly effective when pursuing money from reluctant debtors.Useful against both indebted individuals and companies, a Statutory Demand is the first step in bankruptcy threats, prepared and served without any Court involvement.Statutory Demands carry the warning that any money left outstanding will be swiftly followed by a bankruptcy petition and are so successful that in the majority of cases where a demand is issued no bankruptcy petition is actually sought.Currently, there are two types of Statutory Demands available to creditors.Statutory Demands made under Section 268 (1) (a) of the Insolvency Act are used in everyday situations where debtors simply owe a sum of money.  By contrast, Statutory Demand  Debt for Liquidated Sum Payable Immediately are typical where a creditor has already challenged a debtor for non-payment, obtained a Court judgment, and wishes to enforce it by means of the highly effective Statutory Demand.Whichever option, guidelines enforced by the Insolvency Rules mean Statutory Demands must contain certain information, such as clear details of how a debt arose and the total amount being chased.  No demand can be issued if the amount owed is under 750.A Statutory Demand can be served as soon as the debt is due and a judgment is not necessary.  If the debtor disputes the claim, he or she can apply for the Statutory Demand to be set aside and Bankruptcy Courts will halt further petitions, if there is any dispute about the sum outstanding.Under previous systems, when a company was forced into liquidation the liquidator would be the first to receive any monies owed.  But new regulations mean that unpaid employees are considered and then reimbursed first, liquidators second, followed by the owners of any outstanding fixed charges and unsecured creditors thereafter.  Provided creditors are certain that a debt is contractually due, and debtors have the money, a Statutory Demand may be the best option. Once issued, debtors have 18 days to formally dispute any claims levied against their name.  If no dispute is filed, debtors have 21 days from the day a Statutory Demand was served to pay the full amount owed, offer property as a security, make some settlement, or arrange with their creditor to service outstanding debts.Additionally, if debts are owed by companies rather than individuals, similar principles can be applied, the only differences are in the delivery/service of any demands and consequences for debtors.However, unlike individual debts leading to bankruptcy petitions, if a company fails to pay, a Winding Up petition can be filed in the Court.  Once granted, a company will be liquidated and its assets will be valued in order to pay creditors on a dividend basis.   Companies keen to halt creditors advances can obtain an injunction against Winding Up orders, but our expert solicitors can tackle such incidents and advise of the best course of action.Individuals and companies with strong reputations are always keen to maintain a public faade.  Those solvent will be keen to see issues resolved.]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Wed, 18 Aug 2010 10:30:17 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/statutory-demands-creditors-solution-for-reluctant-debtors-226/</guid>
</item>
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<title><![CDATA[Do You Know Who You Are Trading With?]]></title>
<link>http://blog.lblaw.co.uk/do-you-know-who-you-are-trading-with-190/</link>
<description><![CDATA[I am a Fellow of the Institute of Legal Executives and head up the Debt Recovery Unit, based at the Telford office.  With the added benefit of my team of dedicated debt recovery case handlers and administrators, I am able to ensure we offer our clients practical, cost effective solutions in relation to recovering outstanding monies.  But I thought it was worth highlighting the fact I quite often come across a debt that I have been asked to recover, only to find its not entirely clear who is responsible for payment of the invoice, this of course can then slow down the process of recovery.Is it Mr A N Other trading as a sole trader, is it Mr A N Other and Mrs B N Other trading as C N Other or is it A N Other Limited?To save time and costs, it is important to ensure the correct legal entity is pursued from the outset.  It is always a good excuse for a debtor not to pay, if he can say the invoice has been incorrectly addressed eg A N Other Limited has been invoiced, but actually it is Mr A N Other who is responsible.To help prevent these problems occurring, I advise my clients to train their staff to:    Gather as much information about their customers as they can at the outset;    Obtain a fully completed credit application form.  Dont be frightened to ask!      Make sure you have credible trade references or even better, a written contract; and lastly,     You need to protect yourself, so ensure you verify the information you have obtained!If you would like any advice, we are always happy to offer an initial FOC chat, so contact the team on 0800 652 3374 or email debtsolve@lblaw.co.uk.]]></description>
<category><![CDATA[Debt Recovery]]></category>
<pubDate>Tue, 30 Mar 2010 17:21:49 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/do-you-know-who-you-are-trading-with-190/</guid>
</item>
<item>
<title><![CDATA[Credit Control Network]]></title>
<link>http://blog.lblaw.co.uk/credit-control-network-136/</link>
<description><![CDATA[Another fantastic Credit Control Network was held at the Shrewsbury office on Tuesday.  Around 30 people attended this succesful event and the feedback received was great.The presentation, delivered by Lucy Swallow and Andrew Pegg - solicitors in the Dispute Resolution Team, centred on 'proving your claim', and included a real life case study in order to help explain the topic.The seminar finished with a superb buffet lunch and we would like to thank Aramayo's for the fabulous food - the toffee meringues with seasonal fruits were sensational! Looking forward to the next Credit Control Network Seminar which we will be holding in January/February 2010 - how far away does that seem!&amp;amp;amp;amp;lt;!--
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<category><![CDATA[Debt Recovery]]></category>
<pubDate>Thu, 10 Sep 2009 09:23:00 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/credit-control-network-136/</guid>
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