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    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

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      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Knowing The Debt Collection Practices

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      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

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      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

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      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Magene MG70 Electromagnetic Indoor cycling bike (1)

      Magene MG70 Electromagnetic Indoor cycling bike

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

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        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

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        WhatsApp makes huge change to group chats for users from today

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        Email scam warning issued as fraudsters impersonate government and make enticing offer

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        Apple warning as tech giant says replacement batteries could lead to safety issues

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        Parents warned against giving water to breastfed babies even in heatwave

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        Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

      • Entertainment
        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

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        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

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        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        Did the Queen go to school and what did she study?

        Did the Queen go to school and what did she study?

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        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Trending Tags

        • Business
          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Knowing The Debt Collection Practices

        • Sports
          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          How to choose a spin bike (3)

          How to choose a spin bike?

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Magene MG70 Electromagnetic Indoor cycling bike (1)

          Magene MG70 Electromagnetic Indoor cycling bike

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Trending Tags

          • Technology
            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            WhatsApp makes huge change to group chats for users from today

            WhatsApp makes huge change to group chats for users from today

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Apple warning as tech giant says replacement batteries could lead to safety issues

            Apple warning as tech giant says replacement batteries could lead to safety issues

          • Health
            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            Armband VS chest strap heart rate monitor, which is better

            Armband VS chest strap heart rate monitor, which is better?

            Parents warned against giving water to breastfed babies even in heatwave

            Parents warned against giving water to breastfed babies even in heatwave

            Sex can help men live longer – and has important health benefits for woman too

            Sex can help men live longer – and has important health benefits for woman too

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

          • Entertainment
            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

          • Life Style
          • Travel
          • Education
            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            Did the Queen go to school and what did she study?

            Did the Queen go to school and what did she study?

          • Real Estate
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          Knowing The Debt Collection Practices

          May 24, 2022
          in Business
          Reading Time:4min read
          Share on FacebookShare on Twitter

          Debt recovery is significant for regulating finances in society, especially where lending and borrowing are standard. Secured debt recovery can be made by involving a debt collector. A debt collector is the best guidance for offering debt recovery solutions.

          Covid-19 And How it has impacted debt collection?

          Covid-19 was declared as a pandemic in March 2020 by the World Health Organization. The spread of this virus has impacted the economy throughout the world. Every profession has shifted to an online mode of conduct.

          Similarly is the case with recovery debt collection. Although the suspensions announced by the court are temporary and a part of the government’s measures in tackling Covid-19, it will significantly impact the efficacy of debt recovery options that are available to creditors in the short term.

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          Concerns of creditors

          Payment default rates are bound to go up owing to the prevailing pandemic. The creditors should plan on short-term as well as long-term measures on protecting their position. Every creditor should know the current practical options and apply careful thought to every recovery approach.

          As the Covid-19 circumstances have existed for some time, the whole functioning of the world has changed considerably. Many have found it hard to adjust, and some are still struggling and molding into the new shape of the digitalized world.

          In this article, I am going to talk about the operating status of the U.A.E court system. I will let the readers know about the consideration that a creditor should have in recovering his debt. Though the whole debt recovery procedure is delayed due to the pandemic, an intelligent strategy can still ensure fast debt recovery.

          Suspension of execution and slow-down in courts

          Initially, the creditors used to progress and seek a legal course in non-payment of debt through the U.A.E courts & other courts Around the Globe. However, this pandemic has changed the entire duration of things for creditors all around the world.

          Pandemic Did Slow Down the Court Proceedings at a time, This also includes all the civil court hearings for the first few starting weeks of the suspension period. Though debt recovery can still proceed, debt recovery solutions have narrowed down.

          Lawyers in Dubai

          Before the pandemic stuck, THE UAE government was already moving towards the Electronic courts and documentation, which helped them in recovery after the pandemic hit, and the lawyers in UAE and courts in UAE all were already ready to handle the situation and work remotely.

          The Courts never went under the full-lockdown mode. Their core functions were still being carried out electronically. The only thing the creditor has to worry about is the impact on the practical utility of the legal process to procure recovery of debts.

          Fast Debt Recovery- A Thing of the past

          At first, this was achieved by putting legal pressure on the debtors, especially the execution measures. Due to the high prevalence of Covid-19 in the Middle East, the legal process cannot be carried out physically for a short time.

          There is a high possibility that the lockdowns can be extended due to the delta variant wreaking havoc in other parts of the world. This can open the option of shut down mode, and it might take longer than expected for the landscape to become normal.

          Covid-19 was labeled as a “black swan” by one insurance industry publication. It was specifically used for the trade credit insurance market and about the influx of payment defaults and insolvencies that were to be anticipated in the coming months and weeks.

          The notification of non-payment has already soared high. As a result of current events, it can be expected that many businesses all over U.A.E will lose their footing in the market and will slip into bankruptcy. Those who will survive can do this by defaulting or deferring on the payment of debts.

          Complications Regarding debt recovery solutions

           Debt recovery solutions have become harder for the creditors to apply. The risk has increased for the debtor as well as the creditor alike. Uninsured creditors have significantly been affected by the pandemic economic crises and found no ways of making a secured debt recovery.

          There is a long list of issues that are being faced by the creditor these days:

          1. Challenging decisions regarding how and when to approach debtors for payment
          2. How to press for an early payment
          3. Whether to lend money or not for investments in businesses
          4. How to arrange a visit with the debtor when everything is in lockdown mode.

          A few creditors have the patience level of adjusting to the fact that debt recovery in this pandemic will be:

          1. Harder than expected
          2. It Will take longer than usual
          3. Will be subjected to new policies
          4. New terms and conditions will be applied
          5. Civil litigation will be delayed
          6. Resorting to the online mode of approaching debtors

          Closing it…

          Debt collection was an excellent strategic legal process, but it has entirely been disrupted due to pandemics. Things have started to move back to normal, but still, much work needs to be done in online systems to ensure a secured debt recovery efficiency.

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