Liable Debt Cllection Agency Glasgow in Emerging MarketsFor any business, particularly in tough trading conditions, it's essential that you stay in addition to your cash flow. It may be bothersome, time-consuming and frequently costly to maintain chasing individuals and businesses that owe your small business money. Should you permit your debtors to be late on any payments, there may be major consequences for you personally or your business.
No Win No Fee Debt Collection Lawyers
Our litigation attorneys are located in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts due Do You Know What a Collection Agency Does? - Forbes to 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 types of businesses in Scotland and the most frequent types of debt recovery comprise invoice recovery, loans, building contracts, insolvency situations, consumer debts and more sophisticated contract disputes.
How do we help you recover debts?
Send us the specifics of your debtors to us 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 so great, we counsel you on the very best routes -- these can include, for instance, sending a letter of need, which can provoke the borrower into paying their debt instantly without having to resort to the courts. However, in most instances we litigate. It is as straightforward as that!
After explaining your choices and, if we determine that litigation is the best path for you, we would raise a court action from the courts (usually Sheriff Court, although Court of Session in Edinburgh may be right in certain circumstances), trying immediate repayment of their debt, in addition to interest on the debt and any expenses caused. In certain cases involving bigger debts, ancillary measures will be obtained, such as'freezing' cash from your debtor's bank account or asking the court to prevent the borrower from selling their home or land before the debt is repaid.
Recovering Interest on Debt
It can be challenging for businesses to handle their cash flow and keep their business running whenever they do not take sufficient steps to recoup debt because of them.
If your business is owed money, you should aim to recover this debt whenever possible (talk to people ). When you pursue an action to recover your debt, then you are entitled to look for interest on the amount to the extent the payment is overdue.
Our Scottish debt recovery solicitors are specialists in this area and we will act in your behalf to ensure that you receive the utmost payment owed to you under Scots Law.
Concerning the law in this area 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 amount of interest that could be retrieved is generally calculated at 8% over the base rate, beginning 30 days after the debt is expected. The expected date for payment in respect of services or goods would be the later of either the date of delivery of their merchandise or services, or the date on which notice (such as in the shape of a Debt Collectors Glasgow statement ) has been given to the purchaser of the sum of the debt.
The key point to note is that when debt is due to your enterprise and the payment overdue, we will constantly seek to regain interest on that debt for you and we love just how significant the retrieval of these sums can be for your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, AG - Debt Collection & Debt Collection Scams Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we supply our transparent and practical legal solutions to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill