Our litigation attorneys are located in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and personal debts due Calling out Judicial Bias Against Debt Collectors in NJ New Jersey ... to our customers in Scotland -- quickly!
We act for all kinds of companies in Scotland and the most frequent kinds of debt recovery include bill retrieval, loans, construction contracts, bankruptcy situations, consumer debts and more complex contract disputes.
How can we help you regain debts?
Send us the specifics of your debtors FREE OF CHARGE. Using our expert systems we'll find out for you the prospects of recovery of your debt(s). If the prospects of recovery are great, we counsel you over the very best routes -- these can include, for instance, sending a letter of demand, which can provoke the debtor into paying their debt instantly without having to resort to the courts. But, in the majority of instances we litigate. It is as straightforward as that!
After describing your options and, if we determine that lawsuit is the best route for you, we would raise a court action from the Scottish courts (generally Sheriff Court, although Court of Session in Edinburgh could be right in certain conditions ), looking for immediate repayment of the debt, along with interest on the debt and some other expenses caused. In some circumstances involving larger debts, ancillary steps will be taken, like'freezing' cash from your debtor's bank accounts or requesting the court to halt the lien from selling their house or land until the debt has been repaid.
Recovering Interest on Debt
It may be hard for businesses to manage their cash flow and keep their business running whenever they do not take adequate actions to recoup debt because of them.
If your organization is owed cash, you must plan to recover this debt whenever possible (talk to us). If you pursue an action to recoup your debt, then you're eligible to look for interest on the amount to the extent that the payment Debt COllection Glasgow is late.
Our debt recovery solicitors are specialists in this region and we'll act on your behalf to make certain that you receive the utmost payment owed to you under Scots Law.
In terms of the legislation in this field of debt recovery, the UK Government has introduced laws to provide companies with a statutory right to claim interest on late payment of commercial debt. The quantity of interest which may be retrieved is normally calculated at 8% above the base rate, beginning 30 days after the debt is expected. The due date for repayment in respect of goods or services is the later of either the date of delivery of the goods or goods, or the date on which notice (like in the kind of an invoice) was provided to the purchaser of the sum of the debt.
The important point to notice is that if debt is due to your small business and the payment overdue, we'll always try to regain interest on such debt to you and we appreciate how significant the recovery of these sums can be for your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt Collection Fact Sheet The Office of Attorney General Lori ... Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and also East Kilbride, we supply our transparent and sensible legal services to people throughout Scotland including those from Airdrie, Edinburgh, Motherwell, Bellshill