Debt Deep Dive with Todd Davis and Kia Thompson

By: Todd Davis and Kia Thompson
  • Summary

  • On this Podcast we take a ”Debt Deep Dive” with hosts Todd Davis and Kia Thompson delve into the complex issue of debt and its impact on individuals and Businesses as a whole. With their expertise in finance and personal experiences with debt, Rob and Kia provide listeners with valuable insights and practical advice on how to navigate the world of borrowing and lending. They explore the different types of debt, its causes and consequences, as well as strategies for managing and reducing debt. Through thought-provoking discussions and interviews with experts in the field
    Todd Davis and Kia Thompson
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Episodes
  • What is the County Court Business Centre?
    Nov 22 2024

    In this episode we look at what is the County Court Business Centre (CCBC) in England and Wales, a centralised administrative hub for county court cases. The CCBC handles money claims, possession claims, and enforcement of judgments, primarily through an online portal but also accepting paper submissions. It streamlines the process, improving efficiency and accessibility for users. Information is provided on how the CCBC operates, the types of cases it manages, and frequently asked questions regarding its use. Finally, contact details and other services offered by Corporate Debt Recovery Limited are included.

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    10 mins
  • What is a Letter Before Action?
    Nov 14 2024

    In legal matters, it is often necessary for parties to engage in correspondence before taking any legal action. This is where a “letter before action” comes into play. A letter before action is a formal letter sent by a party to another, usually in the context of a dispute, as a final warning before initiating legal proceedings. In this blog, we will discuss what exactly is a letter before action, what it includes, when to send it, and some frequently asked questions about this legal document.

    A Letter Before Action

    As mentioned earlier, a letter before action is a written demand sent by one party to another to resolve a dispute or issue before taking legal action. It is considered a last resort before initiating court proceedings as it gives the recipient one final opportunity to settle the matter without involving the courts.

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    17 mins
  • Small Business Debt Recovery
    Nov 13 2024

    Starting and running a small business can be a rewarding and fulfilling experience. But one of the biggest challenges that small business owners face is the issue of unpaid debts. Whether it’s a late payment from a client or a customer who refuses to pay, these outstanding debts can severely impact the financial stability of a small business.

    In the UK, small businesses are particularly vulnerable to debt-related issues. According to a study by the Federation of Small Businesses, late payments cost UK small businesses an estimated £2.5 billion each year. This is a staggering amount that can put many small businesses at risk of financial ruin. As a small business owner, it’s important to have a plan in place for debt recovery to protect your company’s financial health.

    One of the best solutions for small business debt recovery in the UK is to use a company like Corporate Debt Recovery. In this blog, we will explore why this approach is beneficial for small businesses and how it can help them recover unpaid debts effectively.

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    14 mins

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