Know your legal obligations
No organisation wants to be approached by a debt collector, or have to approach others for overdue payments. But it is real, and happens frequently in business.
If you need to recover debt, then you need to be aware of all your legal obligations.
This includes:
- Understanding debt collection fairness – and what that means
- The acceptable reasons for contacting a debtor
- What you cannot legally do when contacting a debtor.
By the same principle, as someone who owes creditors and may be approached by a debt collector, you need to know and understand your legal obligations as a debtor.
At Archer & Sapounztis Lawyers, we like to prepare our clients for everything – including the risk of business borrowing and what this could mean for you.
We work with any business from all industries to provide debt collection advice and associated legal services. If you do find yourself in strife, we assist with the bankruptcy legalities, but also with drawing up a debt agreement, which may be a more suitable alternative.
If you need assistance with debt collection matters, contact us to arrange a free half hour, no obligation session, where we can discuss your needs and provide expert advice to help keep you protected.