News articles – Debt Collection and Recovery
As we covered in our article last week, several changes in the civil jurisdiction are to be implemented by the Ministry of Justice this month. TW looks further into what this means for you.
The reforms in Debt Collection regulations which became effective last week are delivered through the implementation of Part 3 of the Tribunals, Courts and Enforcement Act 2007 (the TCE Act) and its supplementary regulations.
In November 1998 the UK Government introduced legislation to give businesses a statutory right to claim interest from other businesses for the late payment of commercial debts.