Top 10 Debt Retrieval Solicitors GlasgowFor any business, particularly in tough trading conditions, it is vital that you stay in addition to your cash flow. It can be troublesome, time-consuming and frequently costly to maintain chasing individuals and businesses who owe your company cash. If you permit your debtors to become late on any obligations, there may be significant consequences for you personally or your company.
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and concentrate in recovering both industrial and personal debts due A "most serious problem" at the IRS: Private debt collectors - CBS News to our customers in Scotland -- fast!
We act for all types of businesses in Scotland and the most common kinds of debt recovery include bill retrieval, loans, construction contracts, bankruptcy situations, consumer debts and more complicated contract disputes.
How do we help you recover debts?
Send us the details of your debtors FREE OF CHARGE. Using our expert systems we'll find out for you the prospects of recovery of your debt(s). When the prospects of recovery are so good, we advise you on the best routes -- these may include, for example, sending a letter of need, which can provoke the debtor into paying their debt immediately without having to resort to the courts. But, in the majority of instances we litigate. It is as simple as that!
After explaining your choices and, even if we determine that litigation is the ideal route for you, we'd raise a court action from the courts (typically Sheriff Court, though Court of Session in Edinburgh could be appropriate in certain conditions ), looking for immediate repayment of their debt, along with interest on the debt and any expenses due. In some cases involving bigger debts, ancillary measures will be obtained, like'freezing' money in the borrower's bank account or asking the court to halt the debtor from selling their own house or land until the debt is repaid.
Allergic Interest on Debt
It may be challenging for companies to manage their cash flow and keep their business operating if they do not take sufficient actions to recoup debt for them.
If your company is owed cash, you should plan to recover that debt whenever possible (speak to us). If you pursue an action to recoup your debt, you are eligible to look for interest on the amount to the extent the payment is late.
Our Scottish debt recovery solicitors are experts in this area and we'll act on your behalf to ensure that you receive the MAXIMUM payment owed to you under Scots Law.
Concerning the legislation 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 which may be retrieved is generally calculated at 8% above the base rate, starting 30 days after the debt is expected. The due date for payment in respect of goods or services is the later of either the date of delivery of the merchandise or services, or the date on which notice (like in the kind of a statement ) has been given to the purchaser of the sum of the debt.
The important point to note is that if debt is a result of your enterprise and the payment overdue, we will always attempt to regain interest on such debt for you and we appreciate just how important the recovery of such amounts can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Fair Debt Collection Practices Act MontanaLawHelp.org Free legal ... Inverness & Aberdeen, websites Scotland
Based in Glasgow, Shawlands and East Kilbride, we supply our transparent and practical legal services to individuals throughout Scotland including people from Airdrie, Edinburgh, Motherwell, Bellshill