Know Your Legal Rights - Financial Debt Collection Agency in ScotlandFor any company, particularly in challenging trading conditions, it's vital that you stay in addition to your cash flow. It can be frustrating, time-consuming and frequently expensive to keep chasing individuals and businesses that owe your small business cash. Should you permit your debtors to become late on any payments, there may be major consequences for you personally or your company.
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and concentrate in recovering both commercial and individual debts due 'Bad Paper' Explores The Underworld Of Debt Collection : NPR to our clients in Scotland -- fast!
We act for all kinds of businesses in Scotland and the most frequent kinds of debt recovery include invoice recovery, loans, building contracts, bankruptcy situations, consumer debts and much more complicated contract disputes.
How can we help you regain debts?
Send us the particulars of your debtors FREE OF CHARGE. Using our expert systems we will find out for one of the prospects of recovery of your debt(s). When the prospects of recovery are so good, we advise you on the most effective paths -- these may include, for example, sending a letter of demand, which may provoke the debtor into paying their debt immediately without having to resort to the courts. But, in most instances we litigate. It is as straightforward as that!
After describing your choices and, even if we determine that lawsuit is the ideal path for you, we'd raise a court action in the Scottish courts (usually Sheriff Court, although Court of Session in Edinburgh could be right in certain circumstances), seeking immediate repayment of their debt, along with interest on the debt and some other expenses caused. In some cases involving larger debts, ancillary steps will be obtained, like'freezing' money from your debtor's bank accounts or requesting the court to prevent the debtor from selling their own house or land before the debt has been repaid.
Allergic Interest on Debt
It can be hard for businesses to manage their cash flow and keep their business operating if they do not take sufficient steps to recover debt for them.
If your company is made money, you should aim to recover that debt when possible (talk to us). If you pursue an action to recover your debt, then you are entitled to look for interest on the amount to the extent that the payment is late.
Our Scottish debt recovery solicitors are specialists in this region and we will act on your behalf to ensure you get the utmost payment owed to you under Scots Law.
The amount of interest that can be recovered is usually calculated at 8% over the base rate, starting 30 days after the debt is expected. The due date for repayment in respect of services or goods is the later of either the date of delivery of those merchandise or services, or the date on which notice (such as in the kind of a statement ) has been provided to the purchaser of the sum of the debt.
The important thing to notice is that when debt is because of your company additional reading and the payment late, we'll constantly attempt to recover interest on that debt to you and we appreciate how important the recovery of these amounts can be for your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, 'Bad Paper' Explores The Underworld Of Debt Collection : NPR Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and also East Kilbride, we supply our clear and sensible legal services to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill