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Benefits of Accepting Credit Card Payments
By :
Mark4 Sands4
It does not require a scientific research to appreciate the importance of accepting credit card payments at your business today. You just need to sit at your counter and note down the number of customers who ask the same question over and over again, “Do you accept credit cards?” If you don’t accept credit cards, they would still pay the bill without any complaints but you can be sure that at least 80% of those customers would not return to your retail store.
Business Phoenixing - Is a Pre-Pack a practical way to avoid company failure?
By :
Derek G Cooper
As the recession continues to bite, more and more businesses are finding it difficult to continue trading. In these circumstances Phoenixing or Pre-Pack Administration would enable many businesses to continue to trade without the burden of servicing legacy debts.
Business Phoenixing helping avoid record insolvencies
By :
Derek G Cooper
Almost 5000 businesses went into liquidation in the first quarter of 2009 according to the latest Insolvency Service figures for England and Wales published on 1st May 09. One of the solutions to this is Phoenixing (also known as Pre-pack administration). This is the process by which the sound elements of a failing business can be packaged up and purchased by a new company. The new company then starts to trade in the same business space but without the burden of historic debts.
Winding Up Petition now often used as Debt Collecting Tools
By :
Derek G Cooper
Historically, winding up was initiated by a creditor because they believed that a company was not in a position to pay its current outstanding debts. Over about the last year I have seen increasing numbers of creditors using winding up petitions to force creditors to pay outstanding debt.
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