Debt recovery is a multi-stage process, and for each debt, different measures are needed for recovery. Therefore, identifying debts that are easy or difficult to recover helps businesses make appropriate choices for debt recovery strategies. In this article,...
The occurrence of bad debts during business operations is almost unavoidable for enterprises. However, to ensure stable business operations and cash flow, businesses still need to make efforts to minimize the potential occurrence of bad debts. In this article,...
Investment and business activities in general, and in the construction sector in particular, both carry various unforeseeable risks that can potentially harm a business. One of these risks is the occurrence of uncontrollable or difficult-to-recover bad debts for the...
To effectively recover debts, both businesses in general and construction businesses, in particular, need to carry out the necessary tasks following appropriate procedures. In this article, TNTP’s lawyers will share their expertise on debt recovery steps that...
In cases where debts arise from contracts or transactions during business operations, the business has the right to request payment. However, extending the payment deadline for these debts can bring long-term benefits to both the business and the indebted partners. In...
Continuing from Part 1 of the article “Essential Documents for Debt Recovery in the Construction Industry,” in this article, TNTP’s lawyer will continue to provide insights into important documents that businesses should pay attention to to enhance...
