Originally posted by ratewhore
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Reply to: The joys of chasing payment
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Previously on "The joys of chasing payment"
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Originally posted by doodab View PostAssuming it's worth chasing:
Send them another invoice with the original amount plus the statuatory interest, and attach a letter informing them that you expect to be paid or you will pursue it further.
http://www.payontime.co.uk/legislati...tion_main.html
has details of the interest you can charge.
I've never had to go this far myself but I believe the next step is to serve a "Statuatory Demand" which gives them a certain period in which to pay, or to sue and get a court order which you can then enforce with Baliffs. If they still refuse or are unable to pay after that you can petition to have the company wound up.
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Originally posted by chicane View PostIf only I could establish whether or not that was the case with the client in question - they're a startup that hasn't yet started trading. Unfortunately, they won't even respond to any attempts to make contact.
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Originally posted by Platypus View PostSmall claims court, costs virtually nothing to submit your case. If they can't be bothered to defend it, they lose:
https://www.moneyclaim.gov.uk/csmco2/index.jsp
Get it filed today, and get chasing.
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Originally posted by doodab View PostUnless they are genuinely stuffed, in which case it's likely that nobody gets paid.
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If I remember right, you can charge interest of 8% over the base lending rate for the time that the payment is overdue. I made several hundred pounds out of that once. And they mistakenly paid the interest twice. I didn't tell them, but if they ask for it back they can have it.
Edit: that was via the Small Claims Court. Cost me nothing in the end, I charged them for that as well. And I got back about £15k.
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Assuming it's worth chasing:
Send them another invoice with the original amount plus the statuatory interest, and attach a letter informing them that you expect to be paid or you will pursue it further.
http://www.payontime.co.uk/legislati...tion_main.html
has details of the interest you can charge.
I've never had to go this far myself but I believe the next step is to serve a "Statuatory Demand" which gives them a certain period in which to pay, or to sue and get a court order which you can then enforce with Baliffs. If they still refuse or are unable to pay after that you can petition to have the company wound up.
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Originally posted by chicane View PostDoes this apply to a limited company claiming from a limited company though? I thought it was for individuals against individuals or individuals against companies only?
Money Claim Online can be used by:
Individuals
Solicitors
Government Departments
Businesses
who wish to issue a:
Claim (fixed amount of money)
Judgment
Warrant
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Originally posted by Platypus View PostSmall claims court, costs virtually nothing to submit your case. If they can't be bothered to defend it, they lose:
https://www.moneyclaim.gov.uk/csmco2/index.jsp
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Originally posted by chicane View PostAny suggestions?
https://www.moneyclaim.gov.uk/csmco2/index.jsp
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After 18 months I'd write it off unless it is a fairly large invoice.
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