Our litigation solicitors are located in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts because The Debt Collector (2018) - IMDb 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 businesses in Scotland and also the most frequent types of debt recovery include bill recovery, loans, construction contracts, insolvency situations, customer debts and much more sophisticated contract disputes.
How can we help you regain debts?
Send us the particulars of your debtors to us FREE OF CHARGE. Using our specialist systems we will find out for one of the prospects of recovery from your debt(s). When the prospects of recovery are so great, we counsel you over the very best paths -- these may include, for instance, sending a letter of demand, which may provoke the borrower into paying their debt instantly without needing to resort to the courts. However, in most cases we litigate. It's as straightforward as that!
After describing your choices and, if we determine that litigation is the ideal route for you, we would raise a court action from the courts (typically Sheriff Court, though Court of Session in Edinburgh could be appropriate in certain circumstances), trying immediate payment of the debt, along with interest on the debt and some other expenses due. In some cases involving bigger debts, ancillary measures will be taken, like'freezing' money from your borrower's bank account or requesting the court to prevent the lien from selling their house or property before the debt is repaid.
Recovering Interest on Debt
It can be hard for businesses to manage their cash flow and keep their business operating if they don't take sufficient steps to recover debt due to them.
If your business is made cash, you must aim to recover this debt whenever possible (talk to people ). When you pursue a method to recoup your debt, you're eligible to look for interest on the amount to the extent that the payment is late.
Our Scottish debt recovery solicitors are experts in this area and we'll act in your behalf to make certain you receive the utmost payment owed to you under Scots Law.
In terms of the legislation in this field of debt recovery, the UK Government has introduced laws to provide companies with a statutory right to claim interest on late payment of commercial debt. The amount of interest which can be retrieved is generally calculated at 8% above the base rate, starting 30 days after the debt is expected. The due date for payment in respect of goods or services is the later of either the date of delivery of those merchandise or goods, or the date on which note (like in the shape of an invoice) has been provided to the buyer of the amount of the debt.
The key point to note is that if debt is a result of your enterprise and the payment late, we'll always want to regain interest on that debt for you and we value just how important the recovery of these amounts can be for your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, The Debt Collector (2018) - IMDb Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we supply our transparent and sensible legal you could try here solutions to individuals throughout Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill