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It always is easier to just to pull the firm’s delinquent customers to court when they cannot pay up. However,before doing so,it is strongly suggested that the firm should ponder upon the below factors before pursuing such actions otherwise this might ultimately lead to losing both time and money.
- Can the customer pay?
- What are the costs involved eg legal costs
- The chances of success
- An understanding of the legal system
- The importance of acting quickly. In terms of filing the necessary documents to the stage of execution,time is always the essence.

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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