Commercial Debt Interest Hull
Commercial Debt Interest; Is your company owed a commercial debt by another business; and would you like to discuss the possibility of claiming interest on this debt with the help of a team of dedicated experts whether you are based in Hull or further afield?
Then look no further than the highly skilled and dedicated experts at Michael Lewin Solicitors who will be happy to use their wealth of knowledge surrounding debt recovery to discuss the possibility of providing your organisation with a debt recovery service. The Late Payment of Commercial Debts Act 1998 states that “all businesses irrespective of size and public sector bodies have a statutory right to claim interest on late payment of commercial debts.” It also states that it may be possible to claim interest from the date that payment was due to the date of judgement even if the contract you have with your customer does not include interest; this is called “statutory interest”.
Not every debt that is recovered is entitled to this so it is important for you to speak to the experts at Michael Lewin Solicitors about your businesses individual situation and discuss your eligibility to claim interest on your debt.
I am owed a substantial commercial debt from one of my clients; how much interest can I claim on this debt and can Michael Lewin Solicitors help me recover it if my business is based in Hull?
It may be possible for you to claim interest from the day payment was due to the date of judgement even if your contract did not include interest. However this is not guaranteed in every case so please get in touch with a dedicated expert at Michael Lewin Solicitors who will be able to make a no obligation assessment of your situation and advise you on the best course of action to take. If it is possible to recover the debt from your client then they will advise you of this and how to proceed.
The experts at Michael Lewin Solicitors were recently contacted by an organisation that was looking to recover a debt of £3521.52 from Mr A from Keighley. He had failed to pay his debts and the organisation felt that the only way that they were able to recover it was to contact Michael Lewin Solicitors and discuss their options. The organisation was first given a no obligation assessment of the situation and advised whether it what be possible to recover the debt that Mr A owed; once they had investigated the situation they were able to advise the organisation as to their eligibility to proceed.
So if your business is owed a commercial debt and you would like to discuss the possibility of claiming interest on this debt then do not hesitate to get in touch with a highly skilled and dedicated experts at Michael Lewin Solicitors today on (0844) 847 2323 to discuss the details of your individual situation and find out if you’re eligible to claim interest on your debt.
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