Transcript Laurel Lodge” Hillside Monaghan, Co.Monaghan Tel: (047

“Laurel Lodge” Hillside Monaghan,
Co.Monaghan
Tel: (047) 71556
Fax: (047) 71557 www.healylaw.ie
“FAIL TO PREPARE ,
PREPARE TO FAIL”
DEBT RECOVERY
• 1. INTRODUCTION
• 2. CREDIT MANAGEMENT AS A
PRELUDE TO DEBT
RECOVERY
• 3. KNOWLEDGE
Contract
Debtor
Remedy
• 4. PRE LEGAL DEBT RECOVERY
ACTIVITY
• 5. GOING LEGAL
• 6. PUBLICATION
• 7. CONCLUSION
CASH FLOW CALCULATOR
AMOUNT OWED AT THE END OF THE YEAR
DIVIDED BY
TOTAL AMOUNT OF SALES
MULTIPLIED BY 365
EQUALS
AVERAGE NO. OF DAYS IT TAKES FOR YOUR
COMPANY TO BE PAID
FOR EXAMPLE
TURNOVER = K500
AMOUNT OWED AT THE END OF THE YEAR = K100
100
DIVIDED BY
500
X
365 =
73 DAYS CREDIT