Henry Parsons’ Post

It’s important to have the right tools to protect your company against bad debt. Whether it is checking credit risk before the point of sale or monitoring your existing clients. Here at Red Flag Alert, we maintain the UK's most accurate insolvency score. Last financial year our customers enjoyed an average of 110 days' notice before an insolvency occurred. Would over 100 days of advanced warning of insolvency help your business avoid bad debt? Click here to speak to one of our credit risk experts about upgrading to Red Flag Alert today. https://hubs.la/Q02Fx-sj0 #insolvency #creditrisk #credit

Debt compliance.  Everyone's favorite topic (not). Want to know the secret? Negotiate your EBITDA definition before the deal closes like your life depends on it. I know it's boring and full of legalese.  I know it is the LAST thing you want to spend your time on. But do it anyway, or get help from someone who knows how. Because realizing that you've breached your leverage, interest coverage, or FCCR on an existing agreement is the definition of a Very. Bad. Day. Signed, Your favorite treasury geek, Elisabeth #ebitda #debt #leverage #compliance #privateequity #corporatetreasury #finance #corporatefinance #fractionalcfo #debtcompliance

Micro UK insolvency update: After 31 consecutive months where appointments of liquidators and administrators rose year-on-year, the rate finally fell in Feb24. To borrow a quote, it's not the beginning of end for insolvencies, but perhaps the end of the beginning. #credit #insolvency #creditrisk

Compliance is essential for debt recovery companies, establishing a framework for ethical and responsible practices. By adhering to local laws and regulations, debt recovery firms prioritize fairness and transparency, respecting individuals' rights and maintaining dignity throughout the process. Upholding compliance standards also shields companies from reputational damage, fostering trust with creditors and debtors for long-term relationships and business sustainability. Understanding and following local regulations enhance efficiency, reduce disputes and legal challenges, and improve debt recovery effectiveness. Our trained team at #Collectd is committed to compliance, working with lawyers to ensure ethical and professional monitoring of creditors' interests. This approach increases positive collaboration with debtors and reduces tension during debt resolution. Contact us now to learn more about our services and the procedures we follow to ensure ethical and efficient debt recovery. #EthicalDebtRecovery #Compliance #DebtCollection

"I was sued by the Capital One bank for a credit card debt I never own. This is the first time I got sued and panicked about it. Even worse, I found out that most firms are only interested in negotiating settlements. Luckily, Fitzgerald & Campbell is willing to take my case and fight against such a big organization. During the process, William talked with me about the procedure, gave instructions, and answered every question in detail. Other staff also responded quickly and guided me through this very long (almost 2 years) process. Truly grateful for your expertise and professional support! The case was concluded with [DISMISSAL WITH PREJUDICE]. Means the Capital One bank did not get a single penny and can never bother me with it again. =========================== Random thoughts: On occasion, I am thinking about the potential outcomes of rejecting the dismissal and proceeding to trial. Then I would like to ask the judge if a dismissal was an appropriate justice for any random person who is unfortunately impacted by the Capital One bank's "not perfect" credit default system. Additionally, I wonder how many people have accepted settlements from the Capital One bank, not because of owing a debt, but to save money and time." K.H. – 07/19/2024 For more testimonials like this visit our website: https://lnkd.in/gDP6tKsU #debt #debtfreejourney #testimonial #reviews #lawfirm

The Insolvency and Bankruptcy Code (IBC) set a 270-day deadline for resolving disputes and debt recovery. However, cases frequently exceed this limit. To know more: https://buff.ly/3VWlTnq #Insolvency #Bankruptcy #DebtRecovery #IBC #Creditors #FinancialRecovery 

Navigate the complexities of trade credit with ABL Group. Our trade credit insurance safeguards against non-payment and debtor insolvency, securing your accounts receivable. Protect your cash flow: https://lnkd.in/e-RAw3uk #nibusiness

Canadian bankruptcies and insolvencies have been on the rise (again), with a 24% increase in insolvencies in 2023, largely driven by an increase in corporate bankruptcies up over 40%. If your company needs the help of an insolvency professional, debt expert, or private credit fund to assist - we can help or make trusted referrals to all. #canadianeconomy #debtfinancing #debtcapitalmarkets #marketresearch

Bounce Back Loans: Risks and Responsibilities Misuse of bounce back loans can lead to severe financial trouble. Ensure you've used these funds correctly to avoid repercussions. Always seek advice from an insolvency practitioner if you have concerns or are unable to meet the repayments. Are you confident in your loan usage? #BusinessLoans #InsolvencyRisk #FinancialHealth

On 18 March 2024, the FCA joined with other regulators to warn firms about debt collection practices. There’s some useful reminders of the FCA’s expectations, and an update on the publication of the Policy Statement making changes to CONC 7. For more, including links, please visit: https://lnkd.in/eYUGhch3 #consumercredit #FCA #debtcollection