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Effective Credit Management & Debt Collection Seminar Durban |
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With the current economic downturn, the importance of good credit management has been magnified and all companies credit management policies and procedures need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy.
This is a half day seminar in Durban on the 8th October 2009 aimed at commercial creditors (businesses who supply other businesses on credit).
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Schools Perspective of Fee Issue Should be Taken into Account |
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With reference to the article by Tania Broughton entitled “Schools can’t just nail defaulters” (Mercury 9th July 2008), based on an article by Phillipa Tucker which appeared in the July 2008 De Rebus.
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Business Debtor Securities - so important |
I recently had a call from a creditor with a debt of over a hundred thousand rand from a company which has apparently just made an application to go into liquidation. I was asked the inevitable question of whether we could hold the directors personally liable and what they could do to recover the debt.
I won’t burden you in dealing with the difficulties of obtaining the personal liability of a director here, but it suffices to say that this, in most cases, is grabbing at straws unless you have a suretyship in place.
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Illegal Recovering of Debt Collectors Costs |
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A number of debt collectors are still advising clients that they, the debt collectors, can recover the entire collection commission and debt collection costs from the client’s debtors - this is, simply put, illegal.
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What is a credit policy?
It is the “rules of engagement” relating to the granting and maintenance of credit within a particular company. A policy is a general course of action developed for recurring situations, designed to achieve established objectives.
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