“FAIL TO PREPARE , PREPARE TO FAIL” DEBT RECOVERY

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Presentation transcript:

“FAIL TO PREPARE , PREPARE TO FAIL” DEBT RECOVERY “Laurel Lodge” Hillside Monaghan, Co.Monaghan Tel: (047) 71556 Fax: (047) 71557 www.healylaw.ie “FAIL TO PREPARE , PREPARE TO FAIL” DEBT RECOVERY

1. INTRODUCTION 2. CREDIT MANAGEMENT AS A PRELUDE TO DEBT RECOVERY 3. KNOWLEDGE Contract Debtor Remedy 4. PRE LEGAL DEBT RECOVERY ACTIVITY 5. GOING LEGAL 6. PUBLICATION 7. CONCLUSION

CASH FLOW CALCULATOR AMOUNT OWED AT THE END OF THE YEAR DIVIDED BY TOTAL AMOUNT OF SALES MULTIPLIED BY 365 EQUALS AVERAGE NO. OF DAYS IT TAKES FOR YOUR COMPANY TO BE PAID FOR EXAMPLE TURNOVER = K500 AMOUNT OWED AT THE END OF THE YEAR = K100 100 DIVIDED BY X 365 = 73 DAYS CREDIT 500