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Ally Tow
Ally Tow,
New rules may complicate debt recovery from sole traders
05 September 2017

A new debt recovery protocol that is due to come into force soon will have important implications for companies that deal with sole traders.

The Pre Action Protocol for Debt Claims, which comes into force on 1 October, 2017, seeks to protect individuals from overbearing debt enforcement by businesses.

However, it also covers sole traders, and because of the way the protocol will work, small businesses could find unscrupulous sole traders playing the system to stall on paying up.

Speaking to Hotel Owner, however Senior Associate and Chartered Legal Executive in Debt Recovery Ally Tow says there are steps that firms can take to protect themselves from lengthy wrangles.

Ally stresses in fact that while the new rules do have the capacity to cause a real headache for companies that are unprepared, that businesses which tighten up their contractual terms and credit control procedures should not face problems.

To find our about the issues in this article or to ask us about how the Debt Recovery team can help you, get in touch with Ally Tow on 0118 952 7206 or email [email protected].

Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.

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