Due Date: debt collection after the tiger has bolted

In the era of the once-mighty Celtic Tiger, one might have been forgiven for allowing outstanding debts to build up around one's practice, given the volume of work being contended with. However, the recent downturn in the Irish economy has led every business to entirely depend on its cash flow for survival.

It is more important than ever for every business to ensure that prompt payment of invoices is made. It is vitally important that your organisation sets out clear terms for customers or clients once an invoice is raised as to when payment must be made and the procedure that will apply in the event payment is not made promptly.

Sean Carr and Niamh Loughran have written a practical guide for consideration when contemplating your debt recovery options in Ireland. In the event you are forced to consider issuing debt recovery proceedings we set out the various options that are available to you.

Location: Ireland