Legal proceedings and Insolvency

This unit aims to develop an understanding of legal proceedings and insolvency in relation to the collection of debt.

Learner Outcomes

Understand how to prepare for recovery of debt through the courts.
Understand routes to judgment on undefended claims.
Understand the routes to judgment on defended claims.
Understand how to enforce a judgment.
Understand insolvency in relation to debt collection.
Understand how a credit manager can manage the postinsolvency processes.

Assessment Criteria

Assess the suitability of a case for recovery of debt through the courts.
Explain how to prepare for recovery of debt.
Evaluate the debtor’s options after service of a claim.
Explain a creditor’s reaction to the debtor’s response.
Explain different types of judgment.
Tactically evaluate routes to judgment on defended claims.
Explain methods of enforcement.
Evaluate methods of enforcement for different debtor types.
Compare and contrast different types of insolvency.
Evaluate the process of insolvency for the collection of undefended debt.
Explain how a credit manager can manage the post-insolvency processes.