Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts due Questions to Answer Before You Pay a Debt Collection - The Balance to our customers in Scotland -- quickly! 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 recovery, loans, construction contracts, bankruptcy situations, customer debts and more complex contract disputes.
How do 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 you the prospects of recovery from your debt(s). When the prospects of recovery are all good, we counsel you over the best routes -- these can comprise, for instance, sending a letter of demand, which can 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 explaining your options and, even if we identify that litigation is the best path for you, we'd raise a court action in the courts (typically Sheriff Court, though Court of Session in Edinburgh may be appropriate in certain conditions ), trying immediate repayment of their debt, along with interest on the debt and any expenses caused. In some circumstances involving larger debts, ancillary steps will be obtained, such as'freezing' money from your borrower's bank account or requesting the court to prevent the lien from selling their own house or property until the debt is repaid.
Allergic Interest on Debt
It may be challenging for businesses to handle their cash flow and keep their business running if they don't take adequate actions to recover debt due to them.
If your business is made cash, you must plan her comment is here to recover that debt when possible (speak to people ). When you pursue a method to recover your debt, then you're entitled to seek interest on the sum to the extent the payment is overdue.
Our Scottish debt recovery solicitors are specialists in this area and we'll act in your behalf to make sure that you get the MAXIMUM payment owed to you under Scots Law.
Concerning the legislation in this region 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 amount of interest which could be retrieved is generally calculated at 8% over 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 the date of delivery of their goods or goods, or the date on which notice (like in the shape of a statement ) was provided to the buyer of the sum of the debt.
The important thing to note is that if debt is due to your small business and the payment overdue, we'll constantly seek to regain interest on such debt to you and we value just how important the recovery of such amounts can be for your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, How to Deal with Collection Agencies (Proven Tips & Strategies) Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and East Kilbride, we supply our clear and sensible legal solutions to people across Scotland including those from Airdrie, Edinburgh, Motherwell, Bellshill