No Win No Fee Debt Collection Lawyers
Our litigation solicitors are located in Glasgow, Shawlands & East KIlbride and concentrate in recovering both commercial and individual debts because Calling out Judicial Bias Against Debt Collectors in NJ New Jersey ... of our customers in Scotland -- quickly!
We act for all sorts of businesses in Scotland and the most frequent kinds of debt recovery include invoice recovery, loans, building contracts, bankruptcy situations, customer debts and more complex contract disputes.
How do we help you regain debts?
Send us the particulars of your debtors to us FREE OF CHARGE. Using our expert systems we'll find out for one of that the prospects of recovery from your debt(s). If the prospects of recovery are good, we advise you over the very best paths -- these can include, for instance, sending a letter of need, which can provoke the borrower into paying their debt immediately without having to resort to the courts. But, in the majority of instances we litigate. It's as straightforward as that!
After describing your choices and, if we identify that lawsuit is the ideal path for you, we'd raise a court action from the Scottish courts (generally Sheriff Court, although Court of Session in Edinburgh may be suitable in certain conditions ), seeking immediate payment of their debt, in addition to interest on the debt and any expenses caused. In some cases involving larger debts, ancillary measures will be obtained, such as'freezing' money from your debtor's bank account or asking the court to prevent the debtor from selling their house or property until the debt is repaid.
Recovering Interest on Debt
It can be challenging for companies to handle their cash flow and keep their business running if they don't take sufficient measures to recoup debt for them.
If your organization is made money, you must plan to recover that debt whenever possible (talk to people ). If you pursue an action to recover your debt, you're entitled to seek interest on the sum to the extent that the payment is late.
Our Scottish debt recovery solicitors are specialists in this area and we'll act in your behalf to make certain you get the utmost payment owed to you under Scots Law.
In terms of the law in this region of debt recovery, the UK Government has introduced legislation to provide companies with a legal right to claim interest on late payment of commercial debt. The quantity of interest that may be recovered is usually 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 would be the later of the date of delivery of their goods or goods, or the date on which note (such as in the shape of a statement ) has been given to the buyer of the amount of the debt.
The key thing to note is that if debt is due to your company and the payment late, we'll always attempt to regain interest on that debt for you and we appreciate just how significant the retrieval of these sums can be for your company.
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Based in Glasgow, Shawlands and East Kilbride, we provide our transparent and practical legal solutions to individuals throughout Scotland including those from Airdrie, Edinburgh, Motherwell, Bellshill