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The Art of Recovering Bad Debts and Management

The objective of the talk is to introduce how companies can recovery their bad debts. It is essential for key personnel who are going to be involved in debt recovery work to have an idea as to how recover debt in the commercial world.

Most of the Company do not have a proper system of management of dealing with bad debts. More due diligence and proper checks must sometimes is necessary to management with external debtors and vendors.

Objective

By the end of the course, participants would have developed how to handle practical debt recovery. There will be a question and answer session to clarify all doubts on debt recovery.

Expected Outcomes

• Improved understanding of bad debt management
• Enhanced skills in debt recovery and prevention
• Practical knowledge of legal and technological tools
• Ability to implement effective credit policies and risk assessments

Outline

• Definition of debt recovery

• The traditional methods of recovering debt and its outcomes

• Using the legal method of recovering debt and its approach

• Small Claims Tribunal method and process

• Enforcement of debts and its implications

• Case study and discussions

• The Legal Process of Enforcement

• Negotiation and Settlement Between parties on amicable terms

Who should attend

Executives, contracts managers, programme managers, project engineers, managing directors, group financial controllers, company directors, sales directors, business managers, financial controllers, marketing managers and executives, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives, maintenance managers, accounts supervisors.

Profile of DAVID SHANMUGAM

DAVID SHANMUGAM holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of legal experience in the private sector and he is presently working in a law firm, and Mr. David Shanmugam is also an Advocate & Solicitor of the Supreme Court of Singapore .

Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Association Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education.