No Win No Fee Debt Collection Lawyers
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both industrial and personal debts due How to Handle Debt in Collections and Pay Less Than You Owe - The ... to our customers 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 the most frequent types of debt recovery comprise invoice recovery, loans, construction contracts, bankruptcy situations, customer debts and much more complex contract disputes.
How do we help you recover debts?
Send us the specifics of your debtors FREE OF CHARGE. Using our specialist systems we will find out for one of that the prospects of recovery from your debt(s). If the prospects of recovery are good, we counsel you over the most effective paths -- these may comprise, for instance, sending a letter of need, which may 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 options and, even if we identify that litigation is the ideal path for you, we'd raise a court action from the courts (generally Sheriff Court, although Court of Session in Edinburgh may be right in certain circumstances), trying immediate repayment of the debt, in addition to interest on the debt and any expenses due. In some cases involving bigger debts, ancillary measures will be obtained, like'freezing' money a fantastic read from your borrower's bank account or asking the court to block the borrower from selling their house or land before the debt is repaid.
Recovering Interest on Debt
It can be hard for businesses to manage their cash flow and keep their business operating whenever they do not take sufficient measures to recover debt for them.
If your company is owed cash, you should plan to recover this debt whenever possible (talk to us). When you pursue a method to recoup your debt, then you are entitled to look for interest on the amount to the extent that the payment is late.
Our debt recovery solicitors are experts in this area and we'll act on your behalf to make sure that you get the utmost payment owed to you under Scots Law.
Concerning 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 amount of interest that can be recovered is generally calculated at 8% above the base rate, starting 30 days after the debt is expected. The expected date for repayment in respect of goods or services is the later of either the date of delivery of their merchandise or goods, or the date on which notice (like in the kind of a statement ) has been supplied to the purchaser of the sum of the debt.
The important thing to note is that if debt is because of your company and the payment late, we'll always seek to regain interest on that debt to you and we value how important the retrieval of these sums can be for your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt collection Consumer Financial Protection Bureau Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and also East Kilbride, we supply our clear and sensible legal services to people across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill