[BNM] Harsh economic times - protecting ones interests

[joseppi c]

http://www.hmcourts-service.gov.uk/infoabout/claims/index.htm


--- On Tue, 2/12/08, Hazlitt Eastman <heastman at i-zimbra.com> wrote:

> From: Hazlitt Eastman <heastman at i-zimbra.com>
> Subject: Re: [BNM] Harsh economic times - protecting ones interests
> To: "Brighton New Media" <bnmlist at brightonnewmedia.org>
> Date: Tuesday, 2 December, 2008, 1:50 PM
> Keep chasing them no matter how badly they react to it.
> 
> Try and talk to them about getting paid in installments. 
> If you think
> they might go into liquidation you need to get as much out
> of them as
> possible before that happens.  It is unlikely that you will
> get very
> much if they do go into liquidation, maybe only a few pence
> in the
> pound.  It also might take a long time.  One of our
> customers went bust
> over 5 years ago and the liquidation process still
> hasn't been completed
> and none of the creditors paid any money as yet.
> 
> Some ideas: -
> 
> -  Send them a letter applying interest at court rates to
> the debt if
> they don't pay with in the next week/2 weeks
> -  Send them a letter before action demanding payment
> within a week or
> you will take them to court
> -  Depending on the size of the invoices you could go and
> get small
> claims court forms, fill them in with all the details and
> fax them to
> the debtor with a covering note that you will file the form
> if they do
> not contact you and make a CHAPS transaction to your
> account within 24
> hours.  (this one often gets a reaction ;-)  )
> -  Finally, take them to court.  Most payment disputes of
> this nature
> get settled before they ever reach court.  But it does cost
> to go
> through the process and it will take time...
> 
> Don't supply any more services to them until all the
> debts are cleared
> and then only work for them if they pay up front.
> 
> Give me a call if you want to talk about the situation, we
> have done all
> of the above at some point in our trading history.
> 
> Hazlitt
> 0870 1010150
> 
> 
> -----Original Message-----
> From: bnmlist-bounces at brightonnewmedia.org
> [mailto:bnmlist-bounces at brightonnewmedia.org] On Behalf Of
> matt zb
> Sent: 02 December 2008 13:20
> To: bnmlist at brightonnewmedia.org
> Subject: [BNM] Harsh economic times - protecting ones
> interests
> 
> 
> Hi BNM,
> 
> Some freelancing advice required.
> 
> I've got a client, who owes me a considerable amount of
> money, who I
> suspect
> are struggling quite a bit cashflow-wise. They are very
> over-due on
> invoices
> and are reacting very badly to enquiries.
> 
> Is there anything I can do to ensure I get paid if they
> were to go
> under, or
> would receivers take care of that? I'm also worried
> that if I were to
> start
> any action against them it might push them over the edge.
> 
> Your thoughts appreciated.
> 
> 
> matt zb
> 
> 
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