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  • 600+ Business Solutions - Invoice finance to be more accessible to SMEs
    The government plans to outlaw the practice of large companies preventing their SME suppliers from accessing invoice finance. Why are these contractual restrictions unfair, and what will the new law mean for SMEs?
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  • 600+ Business Solutions - New debt recovery rules for businesses
    From 1 October 2017 businesses that wish to recover debts will be required to follow a new “pre-action protocol for debt claims” in certain situations. When will it apply and what are the consequences if it’s ignored?
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  • 600+ Business Solutions - New insolvency rules will benefit creditors
    New insolvency rules will benefit creditors..Bad debts. Recovering debts from business customers who have gone under can be a long and painful process. The good news is that from 6 April 2017 the Insolvency (England and Wales) Rules 2016 (see The next step ) should make things easier (the rules in Scotland are unaffected). The new rules aim to speed up the process plus reduce and simplify administration. This should cut liquidation costs and so leave more money in the pot for creditors. What’s changing? From...
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  • 600+ Business Solutions - OK to charge interest?
    A customer has built up a large overdue account. You’ve told them that if they don’t pay you’ll add interest starting from next month. They say that you can’t do that because it’s not in your terms and conditions of sale. Are they correct?
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