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  • TCF Debt Solutions to be placed into liquidation...

    It has come to light that TCF Debt Solutions (UK) Ltd has convened a meeting of creditors to be held on 6 August 2010 to place the company into liquidation. Numerous advertisers and brokers are owed monies, how much has yet to be established. The Manchester based firm appears to have sold its assets, prior to liquidation to The MoneyPlus Group for an undisclosed amount. The MoneyPlus Group incorporates Chiltern Debt Management, Hamilton Locke Debt Management and The Debt People.     According to Debt Management Today, Chris Davis, CEO of the MoneyPlus Group has confirmed that they acquired TCF’s ...

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  • SME Toolkit: Surviving a Recession

    Comments from Bev Budsworth, managing director at The Business Debt Advisor for Stuart Anderson, deputy editor at EN (NW), for their ‘SME Toolkit: Surviving a recession feature’. Bev gives her top tips for business to survive and thrive in a recession: Review your budgets and set realistic and achievable targets for 2009; Get rid of ‘can't pay / won't pay’ customers; Review debtors list and chase up overdue invoices; Offer existing debtors extended payment terms and / or discounts; Make sure your terms of business contain explicit payment terms; Assign responsibility to one individual ...

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All debt solutions should be very carefully considered. Fees will be charged if a solution is taken in order for us to advise and administer the most appropriate action - all fees will be outlined during your consultation. Retained payment may place you further into arrears. The Business Debt Advisor complies with the Consumer Credit Act and you have the right to a cooling off period of 7 days. It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term.
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