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 Commercial Bad Debt Collection Consultant Bad Debt Recovery ... of our clients in Scotland -- fast! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all sorts of businesses in Scotland and also the most common types of debt recovery comprise invoice retrieval, loans, building contracts, insolvency situations, customer debts and much more complex contract disputes.
How do we help you regain 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 from your debt(s). When the prospects of recovery are good, we advise you on the most effective paths -- these may include, for example, sending a letter of demand, which may provoke the borrower into paying their debt immediately without having to resort to the courts. However, in the majority of cases we litigate. It's as straightforward as that!
After describing your choices and, even if we identify 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 appropriate in certain circumstances), trying immediate payment of their debt, as well as interest on the debt and some other expenses due. In certain cases involving bigger debts, ancillary steps will be taken, like'freezing' cash in the debtor's bank accounts or requesting the court to stop the lien from selling their own home or property before the debt has been repaid.
Recovering Interest on Debt
It can be hard for companies to handle their cash flow and keep their business operating if they do not take adequate measures to recoup debt because of them.
If your company is owed cash, you should aim to recover this debt whenever possible (talk to people ). When you pursue an action to recoup your debt, you are entitled to seek interest on the sum to the extent the payment is late.
Our Scottish debt recovery solicitors are specialists in this area and we'll act on your behalf to ensure you receive the utmost payment owed to you under Scots Law.
The quantity of interest that may be recovered is normally calculated at 8% over the base rate, beginning 30 days after the debt is due. The due date for payment in respect of goods or services would be the later of the date of delivery of the merchandise or goods, or the date on which note (such as in the shape of an invoice) has been supplied to the purchaser of the amount of the debt.
The important point to notice is that when debt is a result of your small business and the payment late, we will always seek to regain interest on such debt for you and we appreciate just how important the recovery of these amounts can be for your business.
Speak to our Debt Recovery Pros in go to my site Glasgow, Edinburgh, Know Your Rights With Debt Collectors - Two Cents @ Lifehacker Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and also East Kilbride, we provide our clear and practical legal solutions to people throughout Scotland including those from Airdrie, Edinburgh, Motherwell, Bellshill