Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts because Fair Debt Collection Practices Act (FDCPA) - Investopedia of our customers in Scotland -- quickly! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all types of businesses in Scotland and also the most frequent kinds of debt recovery comprise bill retrieval, loans, building contracts, bankruptcy situations, customer debts and much more complex contract disputes.
How do we help you recover debts?
Send us the particulars of your debtors to us FREE OF CHARGE. Using our specialist systems we'll find out for one of that the prospects of recovery of your debt(s). When the prospects of recovery are great, we counsel you on the most effective paths -- these may include, for instance, sending a letter of need, which can provoke the borrower into paying their debt immediately without having to resort to the courts. But, in most instances we litigate. It's as straightforward as that!
After explaining your options and, even if we determine that litigation is the ideal path for you, we'd raise a court action from the Scottish courts (generally Sheriff Court, although Court of Session in Edinburgh could be right in certain conditions ), seeking immediate repayment of the debt, in addition to interest on the debt and some other expenses due. In certain circumstances involving larger debts, ancillary steps will be obtained, such as'freezing' money in the borrower's bank accounts or asking the court to prevent the lien from selling their home or land before the debt is repaid.
Recovering Interest on Debt
It may be challenging for businesses to handle their cash flow and keep their business operating if they do not take sufficient actions to recoup debt for them.
If your organization is owed money, you must aim to recover this debt whenever possible (speak to us). If you pursue an action to recover your debt, you're eligible to look for interest on the amount to the extent the payment is late.
Our Scottish debt recovery solicitors are specialists in this region and we will act on your behalf to ensure you receive the MAXIMUM payment owed to you under Scots Law.
Concerning the click here for info law in this area of debt recovery, the UK Government has introduced legislation to provide companies with a statutory right to claim interest on late payment of commercial debt. The amount of interest that can be retrieved is normally calculated at 8% above the base rate, starting 30 days after the debt is due. The expected date for repayment in respect of services or goods is the later of either the date of delivery of their merchandise or services, or the date on which notice (such as in the kind of a statement ) has been provided to the purchaser of the amount of the debt.
The important point to notice is that if debt is a result of your business and the payment late, we will constantly attempt to regain interest on that debt to you and we value just how significant the retrieval of these sums can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Collection Agencies, Professional Licensing, Division of Corporations ... Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and also East Kilbride, we supply our clear and sensible legal solutions to people throughout Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill