For any business, especially in challenging trading conditions, it is imperative that you keep on top of your cash flow. It may be troublesome, time-consuming and frequently expensive to maintain chasing people and businesses who owe your business money. Should you allow your debtors to become late on any payments, there may be significant effects for you personally or your organization.
Our litigation attorneys are located in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts because Democrats raise concern about possible links between Betsy DeVos ... of our clients in Scotland -- quickly! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all kinds of companies in Scotland and also the most frequent types of debt recovery include invoice retrieval, loans, building contracts, bankruptcy situations, consumer debts and much more complex contract disputes.
How can we help you recover debts?
Send us the particulars of your debtors FREE OF CHARGE. Using our specialist 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 very best paths -- these can comprise, for example, sending a letter of demand, which can provoke the borrower into paying their debt immediately without needing to resort to the courts. But, in most cases we litigate. It's as straightforward as that!
After explaining your options and, even if we identify that lawsuit is the ideal route for you, we'd raise a court action from the Scottish courts (typically Sheriff Court, although Court of Session in Edinburgh could be appropriate in certain circumstances), looking for immediate payment of their debt, as well as interest on the debt and some other expenses caused. In certain circumstances involving larger debts, ancillary steps will be taken, such as'freezing' money from your borrower's bank account or asking the court to block the debtor from selling their own house or land before the debt is repaid.
Allergic Interest on Debt
It can be hard for businesses to handle their cash flow and keep their business running if they don't take sufficient actions to recoup debt because of them.
If your business is owed cash, you should aim to recover that debt whenever view possible (speak to us). If you pursue an action to recover your debt, you are entitled to look for interest on the amount to the extent the payment is late.
Our debt recovery solicitors are specialists in this region and we will act in your behalf to ensure you get the MAXIMUM payment owed to you under Scots Law.
The amount of interest which could be retrieved is generally calculated at 8% over the base rate, beginning 30 days after the debt is due. The expected date for payment in respect of services or goods would be the later of the date of delivery of those goods or services, or the date on which notice (such as in the kind of an invoice) was provided to the buyer of the sum of the debt.
The important thing to note is that if debt is a result of your business and the payment late, we'll always want to recover interest on that debt to you and we love just how important the retrieval of these sums can be for your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Inside the Dark, Lucrative World of Consumer Debt Collection - The ... Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we provide our transparent and sensible legal services to people throughout Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill