Can you afford to wait for payment?
THE NEW CORPORATE INSOLVENCY AND GOVERNANCE ACT CAME INTO EFFECT FROM THE 26TH JUNE 2020
With the current uncertainty it is now more important than ever to get paid on time and in full! Ensuring your customers are paying promptly is a worry for many business owners and credit control departments across the country.
Many believe the court route to be the only way to recover your money – did you know that you would need to wait until October to get any action. Are you willing to wait that long?
The new bill introduced a Moratorium of new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. If an application is agreed by the courts, it will allow businesses some additional time and protection from creditors when they experience financial difficulty.*
Meaning that the earliest any action can be taken is 1st October, however there is likely to be a substantial back log of cases for the courts to work through causing further delays.
Don’t wait – take action now!
With all cases actioned within 1 hour of instruction and a 48 hour turnaround time, get in touch with the Darcey Quigley team today. Our 93% success rate and over 14 years experience will be sure to get results fast!
*https://www.tldallas.com/news/the-corporate-insolvency-and-governance-act-2020/
