Late Payment Commercial Debts York
Late Payment Commercial Debts; Are you seeking experienced legal professionals who could help you in your pursuit of late payment of commercial debts owed by business clients in York? Then look no further than the commercial debt recovery specialists at Michael Lewin Solicitors as our experienced legal personnel could work tirelessly on behalf of your organisation to secure payment in full and outstanding funds that are owed to you by business clients who have thus far proved unwilling to pay.
The Late Payment of Commercial Debts (Interest) Act 1998 came into force with two clear aims – (i) to compensate businesses who have supplied goods and services to commercial clients for business purposes when payment is made late; (ii) to deter late payment on invoices.
The Act only applies in cases that involve the purchase of goods and services by commercial clients for business purposes when a contract does not contain a provision for interest on overdue invoices as part of the terms of business.
The experienced debt recovery team at Michael Lewin Solicitors can issue a Late Payment Demand to business clients who have failed to make invoice payments on time to claim interest at 8% over the Bank of England base rate on top of the outstanding balance of the invoice as well as charge compensation ranging between £40 and £100 for each unpaid invoice. The compensation amount is determined by the invoice amount.
Are you chasing late payment for commercial debts that are owed to your organisation in York by business debtors who have failed to make invoice payments on time for goods or services that were purchased from you? Then you should consult with the commercial debt recovery experts at Michael Lewin Solicitors over a no obligation call to discover how our dedicated team at on behalf of your company to recoup outstanding funds using the quickest and most cost effective debt recovery solutions available to you.
There are six years in which the interest and compensation must be claimed from the date that the payment was originally due but it can be claimed even after the debt is settled. It is not necessary for you to make your intentions to claim interest and compensation for late payments clear to your customers before they breach payment terms.
The highly skilled professionals in the dedicated commercial debt recovery team at Michael Lewin Solicitors were recently contacted by a client who required assistance in their pursuit of payment of outstanding debts that amounted to £1685.52 from Mr B in Surrey.
The highly trained and experienced professionals in the dedicated commercial debt recovery team at Michael Lewin Solicitors could act on your behalf to obtain late payment for commercial debts from business clients in York as quickly and cost effectively as possible without causing any damage to a business relationship that you wish to maintain; so make a no obligation call to our helpful advisers today for a free initial consultation to discuss your requirements 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