Professional Financial Debt Recovery Attorney in ScotlandFor any business, especially in difficult trading conditions, it's very important that you keep in addition to your money flow. It can be bothersome, time-consuming and frequently costly to maintain chasing people and businesses that owe your small business money. If you permit your debtors to be late on any obligations, there can be significant effects for you or your business.
No Win No Fee Debt Collection Lawyers
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and concentrate in recovering both commercial and personal debts due Trump administration to hand student debt collection to loan servicers ... to our customers in Scotland -- quickly!
We act for all types of companies in Scotland and the most common types of debt recovery include invoice retrieval, loans, building contracts, insolvency situations, consumer debts and much more complex contract disputes.
How can we help you regain debts?
Send us the specifics of your debtors FREE OF CHARGE. Using our specialist systems we will find out for you the prospects of recovery from your debt(s). If the prospects of recovery are all great, we advise you on the very best paths -- these can comprise, for example, sending a letter of need, which may provoke the borrower into paying their debt immediately without having to resort to the courts. However, in most instances we litigate. It's as straightforward as that!
After explaining your options and, if we identify that litigation is the ideal route for you, we'd raise a court action in the Scottish courts (usually Sheriff Court, although Court of Session in Edinburgh may be appropriate in certain circumstances), seeking immediate payment of their debt, in addition to interest on the debt and some other expenses due. In certain cases involving larger debts, ancillary measures will be obtained, like'freezing' money in the debtor's bank accounts or requesting the court to block the lien from selling their home or property until the debt is repaid.
Recovering Interest on Debt
It may be challenging for companies to handle their cash flow and keep their business operating whenever they don't take sufficient actions to recover debt because of them.
If your business is made money, you should plan to recover this debt whenever possible (talk to us). When you pursue a method to recoup your debt, you are entitled to look for interest on the amount to the extent that the payment is late.
Our debt recovery solicitors are experts in this region and we'll act in your behalf to ensure you get the MAXIMUM payment owed to you under Scots Law.
The quantity of interest which may be recovered is normally calculated at 8% over the base rate, starting 30 days view website after the debt is due. The expected date for payment in respect of goods or services is the later of either the date of delivery of those merchandise or services, or the date on which note (like in the kind of a statement ) has been provided to the purchaser of the sum of the debt.
The important thing to note is that if debt is due to your company and the payment overdue, we will constantly want to recover interest on that debt to you and we appreciate just how important the recovery of such amounts can be for your company.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Office of State Debt Collection - Utah Division of Finance Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and East Kilbride, we supply our clear and sensible legal solutions to individuals across Scotland including individuals from Airdrie, Edinburgh, Motherwell, Bellshill