Wednesday, 31 August 2016

Businesses are put off by the increased costs to recover bad debts

My team usually has a quick look at the MoJ’s quarterly civil justice statistics to gauge trends so that we can Iet you know if volumes of civil cases are on the up. An increase in the number of disputes reaching the courts could be a bellwether against which the need to promote LEI might be measured. 


The Bar council however has a different take on the latest statistics, pointing out that a 19% drop in the number of debt judgments against business in England and Wales during the first six months of 2016 is evidence of the negative impact of rising court fees. 

Fees charged to businesses for the recovery of debts through the court system were increased on 2015. The Bar council concludes that the increased fees have deterred small businesses from pursuing cases. 

Here’s a link to their article which appeared on litigation futures’ website :

Our Essential Business Legal policyholders don’t have to worry about rising court fees or the risks of being unable to recover the costs of litigation since we’ve got them covered – and when you choose ARAG for your clients there’s no excess to pay. 

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