For any company, especially in challenging trading conditions, it's essential that you stay on top of your cash flow. It can be bothersome, time-consuming and frequently expensive to maintain chasing people and businesses who owe your company money. Should you allow your debtors to be late on any payments, there can be significant effects for you or your small business.
No Win No Fee Debt Collection Lawyers
Our litigation attorneys are based in Glasgow, Shawlands & East KIlbride and concentrate in recovering both commercial and individual debts due Commercial Debt Collection Agency B2B Corporate Debt Collection to our customers in Scotland -- fast!
We act for all kinds of businesses in Scotland and the most common kinds of debt recovery include invoice retrieval, loans, building contracts, bankruptcy situations, customer debts and more complex contract disputes.
How do we help you recover debts?
Send us the specifics of your debtors FREE OF CHARGE. Using our specialist systems we'll find out for one of that the prospects of recovery of your debt(s). If the prospects of recovery are all great, we counsel you over the most effective routes -- these can comprise, for example, sending a letter of need, which may provoke the debtor into paying their debt immediately without having to resort to the courts. But, in the majority of cases we litigate. It is as simple as that!
After describing your options and, even if we identify that lawsuit is the ideal path for you, we'd raise a court action from the courts (generally Sheriff Court, although Court of Session in Edinburgh could be suitable in certain circumstances), seeking immediate payment of their debt, as well as interest on the debt and any expenses due. In certain circumstances involving bigger debts, ancillary steps will be taken, such as'freezing' cash from your borrower's bank account or asking the court to prevent the lien from selling their home or property until the debt is repaid.
Allergic Interest on Debt
It can be challenging for companies to handle their cash flow and keep their business running if they do not take adequate measures to recover debt due to them.
If your business is owed cash, you should aim to recover this debt whenever possible (talk to people ). When you pursue an action to recoup your debt, you are eligible to look for interest on the amount to the extent that the payment is overdue.
Our Scottish debt recovery solicitors are specialists in this region and we will act on your behalf to ensure that you receive the most payment owed to you under Scots Law.
Concerning the law in this area of debt recovery, the UK Government has introduced laws to provide businesses with a legal right to claim interest on late payment of commercial debt. The quantity of interest that may be recovered is normally calculated at 8% above the base rate, beginning 30 days after the debt is expected. The due date for repayment in respect of goods or services is the later of either the date of delivery of their goods or goods, or the date on which notice (such as in the shape of a statement ) was supplied to the buyer of the go to website sum of the debt.
The key point to note is that when debt is due to your business and the payment overdue, we'll always seek to recover interest on such debt for you and we value how significant the recovery of such amounts can be to your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt Collection Agency License City of New York - NYC - NYC.gov Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we supply our transparent and sensible legal solutions to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill