Debt Collection Agencies: If a creditor is unable to recover the debt it may hire or sell the debt to a third-party company like a debt collection agency. They then become responsible for collection ...

Saljuq Haider outlines the difference between undisputed and disputed debt, and the action you should take in each instance ...

The financial years is drawing to a closeAnd many businesses are beginning to look more closely at their bad debt position in order to determine how to handle it. Of course, in an ideal world, ...

Businesses go bust not only because they lose clients or an important contract, but more often than not because they run out of cash, money which if collected could have led to a very different ...

Scottish insolvency activity recently reached the highest level for a decade, according to the latest figures published by Accountant in Bankruptcy. 1,132 firms became insolvent in Scotland over the ...

Financial institutions use artificial intelligence (AI) and machine learning (ML) models to reshape debt recovery. Although you probably haven’t noticed any changes yet — these technologies are ...

Systematic lending, borrowing, and debt recovery have been a part of the Indian financial system for centuries. From a stringent debt system under the reign of Mauryas to a modern-day regulated ...