How long does an outstanding invoice stay valid?
Answers:
There is no maximum that I'm aware of, but make sure you send chasing letters requesting payment and keep copies. If you haven't chased payment in over a year, it might be argued that you'd written it off.
The minimum time before going to court depends on your terms of business, which should be stated on the invoice or on other documentation you can prove was supplied to the purchaser. If you don't have printed terms of business, you're going to have to prove you are being reasonable in giving the debtor a chance to pay.
As a final warning I always used to send out a draft of the County Court Claims form with a covering letter headed "Notice of Intended Prosecution" and kept a copy with the annotation "I certify that this is a true copy of the original" signed by someone other than myself.
30 days per.
Send new one and ad cost wait 30 days.
repeat. ad cost.
Go to court.
If you are asking this question then you have probably left it too late, but there is no time limit as long as you can demonstrate you are actively pursuing the debt
a month
if this is a customer you will not deal with again, use the section in the Companies' Act which says something like
you owe me money
you have not questioned the quality of the goods/services supplied
therefore I have to assume that you are unable to pay
and I am giving notice that you will be wound up (made bankrupt)
this just takes a letter. If you quote the section from the companies' act the customer will pay, especially if they are a large firm
Outstanding invoices stay valid until the company writes it off - this normally happens after 3 years. however, not advised to not pay them - companies go out of their way to badmouth payment dodgers. Also if you got the goods - be fair and pay what you owe
30 days, but if whoever is paying you something within those 30 days even if it's just £1 then you have to set the 30 days from the date of the last payment.
The answers post by the user, for information only, UKQnA.com does not guarantee the right.