For any company, especially in challenging trading conditions, it is very important that you stay in addition to your money flow. It can be frustrating, time-consuming and often costly to keep chasing people and businesses that owe your small business cash. Should you permit your debtors to become late on any payments, there can be major consequences for you or your business.
No Win No Fee Debt Collection Lawyers
Our litigation attorneys are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both industrial and personal debts because Self Help Legal Information - Debt Collection - Consumer Issues ... of our customers in Scotland -- fast! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all sorts of companies in Scotland and also the most common kinds of debt recovery comprise invoice retrieval, loans, construction contracts, insolvency situations, consumer debts and much more complex contract disputes.
How can we help you regain debts?
Send us the details of your debtors to us FREE OF CHARGE. Using our specialist systems we will find out for one of that the prospects of recovery from your debt(s). If the prospects of recovery are all good, we advise you on the best routes -- these may include, for instance, sending a letter of demand, which may provoke the borrower into paying their debt instantly without having to resort to the courts. However, in the majority of cases we litigate. It is as straightforward as that!
After explaining your options and, if we determine that litigation is the ideal route for you, we would raise a court action in the Scottish courts (generally Sheriff Court, although Court of Session in Edinburgh could be suitable in certain circumstances), trying immediate repayment of their debt, as well as interest on the debt and some other expenses caused. In some circumstances involving larger debts, ancillary measures will be obtained, like'freezing' cash from your debtor's bank accounts or asking the court to stop the borrower from selling their home or land until the debt is repaid.
Recovering Interest on Debt
It may be hard for companies my link to manage their cash flow and keep their business operating whenever they do not take adequate actions to recover debt for them.
If your company is owed money, you should aim to recover this debt whenever possible (talk to us). If you pursue an action to recover your debt, you're entitled to look for interest on the sum to the extent the payment is overdue.
Our debt recovery solicitors are specialists in this area and we will act in your behalf to ensure you get the MAXIMUM payment owed to you under Scots Law.
The quantity of interest which may be recovered is normally calculated at 8% over the base rate, beginning 30 days after the debt is expected. The due date for repayment in respect of services or goods would be the later of the date of delivery of those merchandise or goods, or the date on which notice (such as in the form of a statement ) has been supplied to the buyer of the sum of the debt.
The key point to note is that when debt is because of your enterprise and the payment late, we'll always try to regain interest on such debt for you and we appreciate just how important the retrieval of these amounts can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt Collectors Georgia Department of Law's Consumer Protection Unit Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we provide our clear and sensible legal services to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill