As we kick off the New Year, many of us focus on personal resolutions like improving fitness or finances. But how often do we extend these resolutions to our businesses?
One area that is frequently overlooked is addressing disputed debts. These issues are often ignored or postponed, which leads to potentially harming your business.
Timing is crucial for a successful debt recovery. As businesses return to their offices this year, many will share similar resolutions. You might discover a mutual desire with your clients in dispute to resolve matters and move forward.
Now is the time to prioritise recovering disputed debts. With challenging economic forecasts ahead, early action is essential to protect your business. Delays increase the risk of your customers being unable to pay, even if they want to.
Taking sound legal advice is a smart move. A skilled debt recovery lawyer can often resolve matters quickly and cost-effectively and can often recover their costs from your non-paying customer, on top of the sums outstanding to your business. Sometimes it might cost you nothing at all.
If you’ve been putting off dealing with disputed debts, don’t wait any longer. Seek expert advice from our award-winning debt recovery team to resolve the issue and refocus your energy on growing your business in 2025.
Find out more about our Debt Recovery services here.
