Late Payment Of Commercial Debts in the Leeds UK

Late Payment Of Commercial Debts; Are you chasing late payment of outstanding commercial debts that are owed to your company by business clients to whom you provided goods or services? Then the skilled and highly driven debt recovery team at Michael Lewin Solicitors could help you obtain payment of the outstanding funds in full as quickly and cost effectively as possible with a tailor-made debt recovery solutions.

The skilled and highly driven team of professionals at Michael Lewin Solicitors could assist your company in securing payment of the outstanding funds that are owed to you by business clients plus obtain payment of interest and compensation in cases that qualify.

In order to qualify for interest and compensation under the Late Payment of Commercial Debts (Interest) act 1998 goods or services must be purchased from your company for business purposes. However the contract between yourself and the business client must not be a consumer credit agreement or contain any prior provision for interest on overdue invoices.

The interest that can be claimed is up to 8% above the Bank of England base rate on the balance of invoices that were not paid within the credit period.

Do you require specialist assistance from experienced professionals to help your company in its pursuit of late payment of commercial debts from commercial clients? Then you should make a no obligation call to the experts at Michael Lewin Solicitors for professional services that you can rely on to secure full payment of outstanding funds that are owed to your company as quickly and efficiently as possible without damaging any business to business relationship that you have built up and wish to continue.

In addition to the above-mentioned interest compensation can also be claimed for each unpaid invoice or invoice that was paid late. This can range between £40 the invoices up to £999 to a charge of £100 of invoices over £10000. For goods that were purchased after 16 March 2013 reasonable costs can also be claimed if this compensation amount does not cover the expenses involved in recovering the outstanding debt. This means any costs involved in enlisting the specialist services of our dedicated debt recovery team can be recouped by your organisation.

Compensation can be claimed as soon as payment is overdue with interest being claimed in due course. The costs of recovering the debt can be charged to the debtor as soon as they are incurred.

The debt recovery experts at Michael Lewin Solicitors were recently contacted by a client seeking assistance to recover outstanding funds are £720.82 from Mr B in South Wales.

If you are chasing late payment of commercial debts that are owed to your company and require expert assistance from experienced professional debt recovery solicitors you should make a no obligation call to the dedicated debt recovery team at Michael Lewin Solicitors today for swift and cost-effective solutions to aid you in your retrieval of the outstanding funds that are owed to you on: (0844) 847 2323.

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