The Creditors of Lehman Can Do Little but Wait
LONDON — Creditors of Lehman Brothers’ international business, arriving at London’s gigantic O2 concert hall on Friday, had no illusions about getting their money back any time soon.
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Let Us take care of your credit - we have the solution!
If you are the owner of a small to medium sized business and have had
to face the headache of chasing money owed to you, it will come as a relief to
know that there is help to be had thanks to a relatively new company called
Credit Solutions Ltd.
Dr Cedric Mifsud, one of the company’s partners, explains that the main
concept behind this new company is to effectively manage credit, to help
companies to improve their liquidity, and to collect money they have had trouble
recovering. However this is definitely not all:
“We are much more than just a debt collection company. If someone wants to
enter into business with another company or entity yet is not sure whether this
would be viable, they can come to us and request a report, which in legal terms
is known as an exercise in ‘due diligence’. Basically, we do all the homework:
we check whether potential transactions would be viable by obtaining
information from various public sources such as the Malta Financial Services
Authority, the Law Courts, the Public Registry and other similar entities.”
What makes Credit Solutions Ltd different to other companies offering
services in this field is that they offer to start working with a client before
the business relationship actually takes off
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News Update
Tracing
of Debtors Locally and Overseas:
Inadequate
tracing of debtors substantially hinders recovery of debts. However, modern
technology and skip tracing resources in over one hundred countries, supported
by a network of accredited agency offices, are able to carry out this vital task.
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