Most, if not all, firms may need to pursue an outstanding debt at some point, regardless of their industry. To help with cash flow, it is crucial for many firms to effectively handle the recovery of unpaid debts.
Businesses must have a comprehensive debt recovery procedure in place to do this, and they may also want the help of a qualified debt recovery solicitor to guarantee fast payment of bills. The business debt recovery team at Myerson Solicitors can help you recover what is owed to your business.
How Long do Businesses Have to Collect a Debt?
Businesses in England and Wales have six years from the due date of the payment to pursue the unpaid debt.…Continue reading