Expert Financial Debt Recovery Agency in ScotlandFor any company, especially in difficult trading conditions, it's crucial that you stay in addition to your cash flow. It can be frustrating, time-consuming and often costly to keep chasing individuals and businesses that owe your company cash. If you allow your debtors to be late on any payments, there can be significant effects for you or your company.
Our litigation attorneys are located in Glasgow, Shawlands & East KIlbride and concentrate in recovering both industrial and individual debts because Consumer Protection - Debt Collection - Texas Attorney General of our clients in Scotland -- fast! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all types of companies in Scotland and also the most frequent types of debt recovery comprise bill recovery, loans, building contracts, insolvency situations, customer debts and more sophisticated contract disputes.
How do we help you regain debts?
Send us the particulars 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 so good, we advise you on the most effective paths -- these may comprise, for instance, sending a letter of demand, which may provoke the borrower into paying their debt immediately without having to resort to the courts. However, in most cases we litigate. It is as simple as that!
After explaining your choices and, even if we identify that lawsuit is the best route for you, we'd raise a court action from the Scottish courts (usually Sheriff Court, though Court of Session in Edinburgh could be suitable in certain conditions ), trying immediate repayment of the debt, as well as interest on the debt and any expenses caused. In certain circumstances involving larger debts, special info ancillary steps will be taken, such as'freezing' cash in the debtor's bank account or requesting the court to block the borrower from selling their home or land 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 do not take sufficient steps to recover debt due to them.
If your company is made money, you should aim to recover this debt as soon as possible (talk to us). If you pursue an action to recover your debt, you're entitled to look for interest on the amount to the extent that the payment is overdue.
Our debt recovery solicitors are specialists in this area and we'll act in your behalf to make certain you receive the most payment owed to you under Scots Law.
The quantity of interest which may be recovered 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 services or goods is the later of the date of delivery of the goods or goods, or the date on which notice (such as in the form of an invoice) was supplied to the purchaser of the amount of the debt.
The key thing to note is that when debt is because of your small business and the payment overdue, we will constantly attempt to recover interest on such debt to you and we value just how significant the recovery of such amounts can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt Collection - Bureau of the Fiscal Service Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and also East Kilbride, we provide our transparent and practical legal solutions to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill