Late Payment Of Commercial Debt York
Late Payment Of Commercial Debt; Are you chasing late payment of commercial debt from business clients in York who have yet to pay for goods or services that they purchased from your company? Then you should make a no obligation call to the commercial debt recovery experts at Oakwood Solicitors to discover how you could benefit from the professional services of our extremely dedicated team when looking to secure payment of outstanding debts that are owed by business clients.
When pursuing late payments from business customers who have failed to make invoice payments on time following the purchase of goods or services from your company the highly skilled team of professionals at Oakwood Solicitors could not only help you recoup the outstanding funds quickly and efficiently but could also help you claim interest and compensation on top of the outstanding balance. This is done under the Late Payment of Commercial Debts (Interest) Act 1998 which allows for a Late Payment Demand to be issued to non-paying business clients charging interest at 8% above the Bank of England base rate on the outstanding debt. It also allows for compensation of between £40 and £100 to be claimed for each unpaid invoice.
This interest and compensation can be charged as soon as an invoice payment becomes overdue and there is six years in which it can be claimed. Interest and compensation can even be claimed as the original debt is settled if it was paid later than the agreed date.
Do you require the specialist services of experienced legal professionals to help you obtain late payment of commercial debt that is owed to your company by business clients in York? The highly trained and experienced professionals at Oakwood Solicitors in our dedicated commercial debt recovery department could aid your company with the retrieval of outstanding funds that are owed to you by business customers who have not made payment of invoices and time for the goods or services that they purchased from your company along with interest and compensation on top of the balance in cases that qualify.
The highly skilled professionals at Oakwood Solicitors in our commercial debt recovery department recently contacted by a client who sought expert assistance in their pursuit of outstanding funds of £753.36 from Mr S in Crawley.
The Late Payment of Commercial Debts (Interest) Act 1998 only applies to business customers in situations where there are no provisions for interest in the contract. The experienced team of professionals will discuss the details of this in greater depth with you during your consultation call when the most appropriate course of action for debt recovery will be determined.
The highly skilled and resourceful debt recovery specialists at Oakwood Solicitors could help you secure late payment of commercial debt using the quickest and most cost effective debt recovery methods available in your particular circumstances without any unnecessary hassle for your company in York; so make a no obligation call to our helpful advisers for a free initial consultation today on: (0844) 847 2323.
Solicitors Firms in York city | in Hull city | in Leeds | in Manchester city
| in Doncaster town City |in Bradford City | in the UK