Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts because WDFI-Debt-Collection - Wisconsin Department of Financial Institutions of our clients in Scotland -- quickly!
We act for all sorts of companies in Scotland and the most common types of debt recovery include bill recovery, loans, building contracts, bankruptcy situations, consumer debts and more complicated contract disputes.
How do we help you regain debts?
Send us the particulars of your debtors FREE OF CHARGE. Using our expert systems we'll find out for one of the prospects of recovery from your debt(s). When the prospects of recovery are so good, we counsel you over the most effective paths -- these can comprise, for example, sending a letter of demand, which can provoke the borrower into paying their debt instantly without needing to resort to the courts. However, in the majority of cases we litigate. It is as simple as that!
After explaining your options and, if we identify that lawsuit is the best route for you, we'd raise a court action in the courts (generally Sheriff Court, although Court of Session in Edinburgh could be appropriate in certain conditions ), trying immediate payment of the debt, along with interest on the debt and any expenses caused. In some cases involving larger debts, ancillary measures will be taken, such as'freezing' cash from your borrower's bank accounts or asking the court to prevent the lien from selling their home or property until the debt read the article has been repaid.
Recovering Interest on Debt
It can be hard for businesses to manage their cash flow and keep their business running whenever they don't take sufficient steps to recover debt for them.
If your business is owed money, you should aim to recover this debt when possible (speak to people ). When you pursue a method to recoup your debt, then you're entitled to seek interest on the amount to the extent the payment is late.
Our Scottish debt recovery solicitors are experts in this area and we'll act on your behalf to ensure that you receive the most payment owed to you under Scots Law.
The quantity of interest that may be recovered is normally calculated at 8% over the base rate, starting 30 days after the debt is due. The due date for repayment 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 (like in the shape of an invoice) 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 late, we'll always try to recover interest on that debt for you and we value just how significant the retrieval of these sums can be for your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Debt Collection - Legal Aid Center of Southern Nevada Inverness & Aberdeen, Scotland
Based in Glasgow, Shawlands and East Kilbride, we provide our transparent and sensible legal solutions to people throughout Scotland including people from Airdrie, Edinburgh, Motherwell, Bellshill