For any company, especially in difficult trading conditions, it's essential that you keep on top of your cash flow. It can be frustrating, time-consuming and often expensive to maintain chasing individuals and businesses that owe your small business cash. If you enable your debtors to become late on any obligations, there may be major consequences for you personally or your small business.
No Win No Fee Debt Collection Lawyers
Our litigation attorneys are located in Glasgow, Shawlands & East KIlbride and concentrate in recovering both commercial and individual debts because Debt Collection Consumer Finance Monitor of our clients in Scotland -- fast!
We act for all sorts of companies in Scotland and also the most common types of debt recovery comprise invoice recovery, loans, construction 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 to us FREE OF CHARGE. Using our specialist systems we will find out for one of that the prospects of recovery of your debt(s). When the prospects of recovery are so great, we advise you over the very best paths -- these may comprise, for example, sending a letter of demand, which may provoke the borrower into paying their debt instantly without having to resort to the courts. However, in most instances we litigate. It is as simple as that!
After explaining your choices and, if we determine that lawsuit is the ideal route for you, we would raise a court action from the courts (usually Sheriff Court, though Court of Session in Edinburgh could be appropriate in certain circumstances), looking for immediate repayment of the debt, along with interest on the debt and some other expenses due. In some circumstances involving larger debts, ancillary steps will be obtained, like'freezing' money from your borrower's bank accounts or asking the court to prevent the debtor from selling their house or property until the debt is repaid.
Allergic Interest on Debt
It may be hard for companies to handle their cash flow and keep their business operating whenever they do not take adequate steps to recover debt for them.
If your organization is made cash, you must plan to recover this debt whenever possible (talk to us). If you pursue a method to recover your debt, then you are entitled to look for interest on the amount to the extent the payment recommended you read is overdue.
Our debt recovery solicitors are specialists in this area and we will act on your behalf to make certain that you get the utmost payment owed to you under Scots Law.
The quantity of interest which may be retrieved is normally calculated at 8% over the base rate, starting 30 days after the debt is expected. The expected date for repayment in respect of services or goods would be 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 an invoice) has been given to the purchaser of the sum of the debt.
The key point to notice is that if debt is a result of your small business and the payment late, we will constantly seek to recover interest on such debt to you and we value just how important the recovery of these amounts can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, IC System: Debt Collections & Recovery Agency Services Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and East Kilbride, we provide our transparent and practical legal services to people throughout Scotland including people from Airdrie, Edinburgh, Motherwell, Bellshill