IS BAD DEBT A SERIOUS BUSINESS ISSUE?

• In 2008 debt is increasing by £1m Every 8 minutes, £207m per day

• Total UK personal debt at September 2008 is £1,457bn. £76bn higher than Sept.2007

• Excluding mortgages average household debt is £9,740. In households who have some an unsecured loan average debt is £22190

• Every 5 minutes 1 person will be declared insolvent or bankrupt

Most businesses will experience debt issues with other businesses or individuals.

Debts can range from isolated insignificant amounts not worth pursuing to large debts where there is concern around the financial security of the debtor.

Chasing up bad debt can be a slow and repetitive process. At times it is difficult to focus on debt recovery due to other key priorities in your business. Davis Blank Furniss Solicitors can help recover debt in a cost and time efficient manner.

If debt is placing your business at risk act now and seek urgent free advice by e-mail or telephone via our BUSINESS LAW ADVICE SERVICE

We can also give expert help and advice on a widee range of business finance issues including financing your business, business sale and acquisition, insolvency, commercial contracts and agreements.

BUSINESS LAW
0800 028 4396
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Business Law Advice Service

0800 028 4396 advice@dbf-law.co.uk.