For any business, especially in challenging trading conditions, it's very important that you keep in addition to your money flow. It can be troublesome, time-consuming and frequently expensive to keep chasing individuals and businesses that owe your small business money. Should you enable your debtors to be late on any payments, there may be major consequences for you personally or your company.
No Win No Fee Debt Collection Lawyers
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and concentrate in recovering both industrial and personal debts due CSRS Inc: Professional Debt Collection Agency in Rockville, MD to our clients in Scotland -- quickly!
We act for all types of businesses in Scotland and the most common kinds of debt recovery comprise invoice retrieval, loans, construction contracts, insolvency situations, consumer debts and more complicated contract disputes.
How can we help you regain 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 routes -- these may include, for instance, sending a letter of need, which may provoke the debtor into paying their debt instantly without having to resort to the courts. However, in most cases we litigate. It is as straightforward as that!
After explaining your options and, even if we determine 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 conditions ), looking for immediate repayment of the debt, along with interest on the debt and any expenses due. In some cases involving bigger debts, ancillary steps will be obtained, such as'freezing' money in the borrower's bank accounts or asking the court to halt the borrower from selling their house or property until the debt is repaid.
Allergic Interest on Debt
It may be hard for companies to manage their cash flow and keep their business running whenever they do not take adequate actions to recoup debt due to them.
If your organization is made cash, you should aim to recover this debt when possible (speak to people ). If you pursue an action to recover your debt, then you are entitled to seek interest on the amount to the extent the payment is overdue.
Our debt recovery solicitors are experts in this region and we'll act in your behalf to make certain you receive the utmost payment owed to you under Scots Law.
The amount of interest that could be recovered is generally calculated at 8% over the base rate, starting 30 days after the debt is expected. The due date for payment in respect of services or goods is the later of the date of delivery of their goods or services, or the date on which notice (such as in the form of an invoice) was given to the purchaser of the sum of the debt.
The important point to note is that if debt is a result of your business and the payment late, we'll always seek to regain interest on such debt to you and we appreciate how significant the recovery of these sums can be to your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, Chapter 58 - Article 70 - North Carolina General Assembly Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and East Kilbride, we provide our clear and sensible legal solutions to people across Scotland including people from Airdrie, Edinburgh, other Motherwell, Bellshill