Instructions
Fast Track Collections
If you are particularly concerned about a bad debt we offer a "Fast Track" service using the statutory demand process available both for individuals and limited companies. This is a procedure you may wish to use if you are particularly concerned about payment of a large debt and you think the Debtor organisation is in financial difficulty. You may have discovered this information after instructing the [Yuill & Kyle Search]. "Fast Track" can be used either on its own or along with court action.
How do you instruct Fast track?
Go to instructions and simply complete the instruction form for "Fast track" giving us precise detail of the debt. The debt must be undisputed. You will also have to fax invoices or statement of account supporting the debt. Our fax number is 0141-332-4223.
What do we do?
We prepare a formal demand in terms of either Insolvency or Bankruptcy legislation and instruct court officers to serve it on the Debtor.
What happens next?
If there is no denial within 21 days after service we are able to institute insolvency proceedings. See Insolvency. If there is a denial and you want to take the matter further you can instruct a court action. See court action
What does this service cost?
£80.00 plus VAT and the court officers fees which should be approximately £50.00. (NB: these costs are irrecoverable from the Debtor)
Is there anything else you can do?
Yes. In addition you can instruct a court action along with an arrestment.
| Tel: 0141 331 2332 | © Yuill + Kyle 2007 |
| Fax: 0141 332 4223 | 79 West Regent Street |
| Email: info@debtscotland.com | Glasgow G2 2AR |
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