The last chance debtor

first_imgIncreasing your chancesl Final letter: Late payment is just one of the financial administration problems that a small company can face. However, there is a way to wake up the people who owe you money and get most of them to do something about it. Anecdotal evidence suggests that sending a letter before action (LBA) will get you paid in nine out of 10 cases.l Last chance: Most businesses will want to avoid costly and time-consuming litigation. So when you show them you mean business with an LBA, they will most often do what they can to avoid the extra hassle. An LBA is a formal legal notification of impending legal action. It is your way of saying that this is their last chance.l Contents: There is no official legal form that an LBA has to take. The Trading Standards Institute suggest you include “what the job was (invoice reference and date), how much is owed, for how long and your payment information”.l Set a deadline: You also need to set a final deadline for payment. This can be any reasonable period, from one week (it would be hard for payment to reach you in less than a week) to 30 days. Ten days is perfectly reasonable, assuming you have already been waiting a long time.l Court costs: You may also want to remind the debtor that they may have to pay court costs if the case gets that far. You could add that the reputation of their firm will not be enhanced by such a public proceeding.l LBAs are even more effective if they are sent with a solicitor’s letterhead on them. They only cost around £2 + VAT at Lovetts (www.lovetts.co.uk) or Thomas Higgins (www.thomashiggins.com). If the debt is still unpaid, you can go straight to the small claims court and seek a county court judgment (CCJ).Last resortYou could consider selling the bad debt. There are a few debt purchase companies an internet search will give you a selection of these who will buy portfolios of bad invoices that have not been paid. However, view this as a last resort, since you may only receive literally pennies in the pound. Typically, before they agree to purchase debts these companies will:1. Undertake a legal assessment of the character of the debt and the underlying contract;2. Investigate the individual or company that owes the debt to determine the viability of litigation; and3. Be able to indicate an approximate figure that they would pay for your debt.last_img read more

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Miami Zika infections prompt travel advisory

first_imgFor the first time ever, the Centers for Disease Control (CDC) has issued a travel advisory to a part of the continental U.S.—a one-square-mile area in the Wynwood Arts District of Miami, where 14 people were infected with Zika after being bitten by local mosquitoes.CDC Director Thomas Frieden urged pregnant women who live and work in the area and their partners to make every effort to avoid mosquito bites and to practice safe sex, and said that expectant mothers who visited Wynwood any time after June 15 should be tested for Zika. The virus can cause severe birth defects in children of women infected at any time during pregnancy. Infection can occur after a mosquito bite or through sexual contact with an infected partner.Frieden noted that the CDC advisory covers only a small area because the mosquito that spreads Zika—Aedes aegypti—can only travel about 500 feet.Ashish Jha, K.T. Li Professor of International Health at Harvard T.H. Chan School of Public Health and director of the Harvard Global Health Institute, agreed with the CDC’s decision, noting that it doesn’t make sense to create panic when there isn’t evidence of the disease spreading elsewhere. The risk of getting Zika around Miami is “very, very small,” he said in an Aug. 1, 2016 NPR interview. “Most people who go to southern Florida today are not going to be bitten by a mosquito that is infected with Zika.” Read Full Storylast_img read more

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French insurers tighten rules regarding coal plant development

first_imgUp to now, AXA’s criterion to exclude companies planning more than 3GW left the insurer free to invest in companies planning 44% of the world new coal pipeline, which Unfriend Coal said was equivalent to the combined capacity of all India and South Africa’s power plants. More: SCOR & AXA commit to more coal exclusions Unfriend Coal noted that, unlike Hannover Re and Munich Re, SCOR has ruled out the possibility of supporting new coal projects in certain countries, and instead joins Swiss Re in excluding all coal plants. However, neither SCOR nor AXA committed to follow Allianz’s 2018 commitment to fully phase out coal underwriting and investment by 2040, in line with climate science and the Paris Agreement climate targets. Similarly, AXA committed to apply its 2017 divestment policies to all third-party assets managed by AXA IM by the end of the year, and said it would consider strengthening its exclusion of coal plant developers. FacebookTwitterLinkedInEmailPrint分享Reinsurance News: SCOR said that it would no longer provide stand-alone coverage to new coal plants in an update to its 2017 policy, which excluded direct reinsurance for new coal mines and new and existing lignite plants and mines, but not new hard coal plants. French insurers tighten rules regarding coal plant development French re/insurers SCOR and AXA have both committed to strengthening their coal exclusion policies in an effort to limit the effects of climate change, according to environmental campaigners at Unfriend Coal. A representative from the activist group questioned the companies at their annual general meetings this week, who both claimed to have taken steps to limit their coal exposures.last_img read more

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Clips of the Week: Surfing the New River, Reds on the Fly, and the Save of the Year

first_imgThe best outdoor video clips from around the internet for the week that was:1. Save of the YearWe’ll start off with a bang. Here are some extreme kayakers getting extreme in the Pacific Northwest, when disaster strikes. Watch as both the rescuer and the rescued use calm precision to extract themselves. And then the rescuer goes ahead and drops the 60-footer. If this vid doesn’t get your heart pounding, I don’t know what will.Kayaker saved just before swimming over a 60 foot waterfall!! from David Fusilli on Vimeo.2. Surf the New RiverHere is a nice little vid of play boating and surfing the New River Gorge and the New River Dries, and takes a turn toward the hilarious toward the end. Did you know geese can surf?New River Keep on Surfing from Shane Groves on Vimeo.3. Beer, It’s All Around YouSweet vid on the expanding craft brew scene in Asheville. Bonus BRO-TV vid of the expanding craft brew scene in Virginia.Blue Ridge Brews from Blue Ridge Outdoors on Vimeo.5. Low Country on the FlyI want to fish for reds. Bad.High Hangin’ Fruit from Lowcountry Journal (Doug Roland) on Vimeo.last_img read more

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5 ways you can trick yourself into becoming a better saver

first_img 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr For many people, the biggest hurdle to saving is creating the habit.While many financial advisers often recommend that clients take the work out of the process by having savings automatically deducted from each paycheck, plenty of people still struggle to get started. “We’re not seeing progress on the savings front,” said Greg McBride, chief financial analyst for Bankrate.com, which found in a survey that 22 percent of consumers have more debt than emergency savings. “And it’s desperately needed.” Without savings, he adds, some consumers may pile on more debt when emergencies happen.Some people need a bigger incentive, say the pressure of knowing someone else is counting on you or the chance to win money, to finally kick-start the habit. It being America Saves Week, a campaign organized by nonprofit, government and private groups to encourage financial literacy, we rounded up some creative ways to boost your savings. continue reading »last_img read more

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The planning and execution of disaster recovery

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dave Stafford Dave Stafford is responsible for providing vision and leadership for developing and implementing information technology initiatives that align with PSCU’s mission. In this capacity, he directs the planning, implementation … Web: www.pscu.com Details The PlanBusiness continuity planning is a lot like homeowners insurance: you prepare, plan and pay the premiums in the hope of never having to use the benefits.  Every professional credit union technology leader can appreciate the value of developing a written plan for disaster recovery. Most mature operations perform a test of the plan annually by simulating a localized disaster event in a tabletop exercise during which what-if scenarios are played out and assumptions for contingencies are vetted. However, most of these same leaders have never experienced a true disaster that requires their plans to be put to the test. PSCU maintains data center and processing operations at its headquarters in St. Petersburg, Florida. While the greater Tampa Bay region maintains a perennial spot on the list of top metropolitan areas likely to feel the effects of a major hurricane, the area had not experienced a direct hit from a strong hurricane since 1921. In preparation for a potential disaster, PSCU has spent years building out its service, fraud, call center and technical operations in its Phoenix, Arizona, facility in order to achieve full redundancy across both processing centers.  Test and Test AgainIn the summer of 2016, PSCU ran its first true production test operating completely from a single center for several days – first in Arizona and then in Florida. This production test was repeated during the early summer months of 2017 for an extended period, including during peak processing time frames. These tests resulted in a number of valuable insights and key takeaways, which the company diligently addressed and then tested, optimized and retested.Executing the PlanFormer world heavyweight champion Mike Tyson once said, “Everyone has a plan until they get punched in the mouth.” In late August of this year, a tropical wave off the western coast of Africa was formally upgraded to Hurricane Irma. As the storm intensified and passed through the Caribbean, it was upgraded to a Category 5, becoming one of the largest and most intense hurricanes ever recorded in the Atlantic.  As the storm turned north and began to track up the west coast of Florida, PSCU invoked its business continuity plan and upgraded its status to the highest level of vigilance. As planned, employee attendance policies were altered, emergency supplies were distributed, and operations and technical processing began shifting from Tampa to Phoenix. By the time the eye of the storm hit the region, PSCU was handling its full service load in Arizona, and Florida operations were essentially dark. Ultimately, the Tampa region was spared from the worst of the impact. Despite this good fortune, the area was lashed with 100 mph winds, and much of the region was without power for more than a week. The final tally pegs total damage estimates from the storm at roughly $63 billion, making it the fourth costliest storm on record.  Final AnalysisLooking back, PSCU’s planning, strategic investments and execution allowed the focus of disaster efforts to be primarily on supporting employees, Member-Owner credit unions and their members. While processing was uninterrupted throughout the event, families, schools and surrounding communities were hit hard, and the cleanup is still ongoing.As the recent events in Texas, Puerto Rico and California illustrate, an academic planning exercise can turn into an actual disaster execution exercise in the blink of an eye. In these times, nothing beats a well-considered, tested and executed action plan.last_img read more

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TRING 6-in-1 multifunctional phone grip includes a ring stand » Gadget Flow

first_imgThe TRING 6-in-1 multifunctional phone grip is more than just a phone ring: it’s an always-there gadget useful for all situations. Milled from high-alloy heat-resistant chromium steel, TRING is designed with a mindset to provide you with unprecedented and convenient control over your device. With 360° rotation and 180° flip features, it ensures an adjustable viewing angle for convenient texting, reading, and watching videos. Use this 6-in-1 multifunctional phone grip to cut boxes, tape, cardboard, stretch wrap, and banding. Furthermore, it includes various wrenches and screwdrivers ready to loosen nuts and bolts. Additionally, with TRING, you can easily loosen jar lids and open any bottle or box of your favorite beer. Coming with a sharp blade, TRING works in any situation: a car accident, a camping trip, or a hike. Take your smartphone with you on any adventure. – Advertisement –last_img read more

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LandSecs & Pru back BPF lease

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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First novel coronavirus death in Belgium

first_imgChina remains the hardest-hit country overall with more than 80,000 cases and 3,000 deaths, out of 117,339 cases and 4,251 fatalities worldwide.But the virus is spreading rapidly in Europe, in particular in Italy, where the death toll had risen Tuesday by a third to 631.Belgium’s first death was in Brussels, which in addition to being the Belgian capital is home to the headquarters of the European Union and the NATO alliance.Topics : Belgium has recorded its first death from the novel coronavirus strain that is sweeping the globe, health officials said Wednesday.Maggie De Block, health minister in the caretaker federal government, said the victim was 90 years old.The ministry is to hold a news conference later in the day, but as of Tuesday Belgium had recorded 267 cases of the coronavirus strain that causes COVID-19 disease.last_img read more

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Air Force to upgrade old weapons system, form new air command

first_imgThe Indonesian Air Force is upgrading its primary weaponry defense system (Alutsista) and developing various new commands.The plan was conveyed by Air Force chief of staff Marshal Yuyu Sutisna during the force’s 74th anniversary ceremony at its headquarters in Cilangkap, East Jakarta, on Thursday. He said the Air Force was working on the fourth phase of its strategic plan, which is expected to be completed by 2024.”Our main priority in this particular stage is to replace our Alutsista, especially our jet fighters, radars and missiles,” Yuyu said during the ceremony on Thursday as quoted by kompas.com. Read also: Jokowi spends large on defense, but ‘without clear vision’He said Air Force personnel should also prepare for the development of new commands, including the National Air Operation Command (Koopsudnas), which will be responsible for air defense within the archipelago. Koopsudnas is created by combining the Air Force Operations Command (Koopsau) with the National Air Defense Command (Kohanudnas)The formation of the national command is a follow up to the formation of the Joint Defense Area Command (Kogabwilhan), which oversees the existing combat units of all three military branches.Before the formation of the joint command, each branch’s regional command had its own separate chain of command, which hindered coordination in joint military operations.Yuyu said the Air Force would complete its grand plan under the 15-year-old weaponry modernization program, the Minimum Essential Force.The Air Force’s 74th anniversary celebration was attended by only a handful of military personnel due to the government’s call for physical distancing to curb the spread of COVID-19. Prior to the coronavirus outbreak, the force held several events, including a jet fighter air show. (vny)Topics :last_img read more

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