The Independent Schools Magazine has featured an article by Jenifer Martindale who provides steps that schools can take to maximise school fees recovery. Increased debt means more management time being spent and legal advice needed, how can this be avoided?
The cost-of-living crisis is effecting millions across the UK and with schools having to increase their fees, some families may fall behind on payments. Although bad debts are inevitable during the current econimic crisis, Jenifier explains 5 ways to minimise the risk.
Jenifer comments: "Should debts arise, school leaderes will either need to pursue formal debt recovery steps or to write the debt off. It's vital to speak to a legal expert in cases where such legal action is necessary."
Read the full article here.