Picture this scenario – a debtor owes your business £10,000.00. All attempts to recover the debt fail and you instruct lawyers to recover via court proceedings. You spend money on the lawyers fees and court fees. The debtor may or may not try to stretch out the process by filing a defence and thereafter utilising [...]
Read MoreInteresting and rather worrying news about the level of personal debt in the UK can be found here and there’s no point in us simply regurgitating the figures. However, it is worth noting that personal debt appears, according to the research to have risen by a huge £10 billion in the last year, and that [...]
Read MoreThis excellent infographic, produced earlier this year, pretty much speaks for itself. We thought it was definitely worth posting. [Via: Amazing facts about the UK debt crisis] View Larger infographic along with the code to add this image to your own website.
Read MoreAccording to this recent article in the FT which in turn sources it’s data elsewhere there has been a big increase in the number of rent arrears possession claims and orders against Local Authority tenants this year. As you will note on reading the article there were some 17,000 evictions overall in the first quarter [...]
Read MoreAt Bluestone, we deal primarily with business debts for clients but we will consider any debt if the conditions are right. As has been well publicised, the level of underlying debt in the UK economy, both personal and business is at unprecedented levels and this is of course relevant to the issue of whether to [...]
Read MoreCommercial litigation is an inherently risky business in the sense that the law is rarely if ever an “open and shut case”. Add to this the risk on costs of pursuing a case and the tactics involved, together with the issue of whether any settlement or judgment will result in financial recompense, it is clear [...]
Read MoreTake this scenario – you are a creditor owed £10,000.00 by another business. You obviously want and need to get paid, and all attempts to obtain payment have fallen on deaf ears. You don’t know what to do, so consider going to see a solicitor, but you have doubts about this, as you’ve heard it [...]
Read MoreIn the current difficult economic conditions a small business unpaid debt of £5,000.00 or less may often represent a major problem for that business. With debts of less than £5,000.00 being classified as small claims for the purposes of the County Court system, the prospect of pursuing the debt through the court system is particularly [...]
Read MoreGood afternoon and welcome to the Bluestone ARM website blog. We will be adding topical information, links and content here on a regular basis and welcome comments from others, so please do contribute.
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