Recovering debt can be a lengthy and often costly process, which can have a detrimental effect on cashflow, and constant chasing can also be a drain on resource. If you have issues recovering debt, get in touch with our highly experienced lawyers who will fight your corner, leaving you to focus on your business. Our proactive recovery team have extensive knowledge and experience in debt recovery procedures. We serve the whole of Scotland and offer advice and representation in all areas of debt recovery including:
- Pre-litigation services
- Enforcement of Debt
- Sequestration
- Bankruptcy
- Recovering debt abroad
We will discuss the whole process with you every step of the way, and ensure you are aware of the options available to you. Get in touch with our solicitors to see how we can help your business and get your business back on track. Contact us today via our online contact form or give us a call on 01389 767 625 to speak to one of our team.
Debt Recovery Process
Acting on your behalf, our lawyers will follow a process for collecting debts owed. First of all, we will send a letter of demand notifying the debtor of the outstanding amount, and informing them that action will be taken if they do not pay. If this is not successful, we will discuss our options with you and with your permission will commence legal proceedings. We will take steps to enforce the debt if liability is admitted. If the claim is disputed, we will proceed to litigation. It is also possible to recover interest on outstanding debts, starting thirty days after the debt was due. We will always take steps to recover interest for our clients.
Court Action for Debt Recovery
There are three types of action for debt recovery in Scotland’s courts. A small claims procedure is for debts up to £3000 and is the simplest and least expensive form of action available. Summary cause procedure is used for debts between £3,001 and £5000. Ordinary procedure is for sums exceeding £5000. Ordinary cause procedure is a far more complex process and more costly than summary cause procedure. Most straightforward debt recovery actions are heard in the Sheriff Court either in the district of the defender’s trade or where the defender lives. We will explain the whole process to ensure you have a clear understanding every step of the way.
Contact our Debt Recovery Solicitors in Dumbarton Today
We serve clients in Dumbarton and across the whole of Scotland. With our expertise in debt recovery, insolvency, enforcement, cross-border debt recovery, sequestration and bankruptcy, you know you’ll be in good hands. Contact our debt recovery team via our online contact form, or give us a call on 01389 767 625 to arrange an appointment with one of our solicitors.