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  7. Time Lines for Recovery of Late Payment Penalty Invoices
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Time Lines for Recovery of Late Payment Penalty Invoices

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11 years 6 months ago #958 by AndKen
Time Lines for Recovery of Late Payment Penalty Invoices was created by AndKen
Hi
Can you please advise on the time lines for taking a debt to court. We need to issue late payment penalty invoices to a client, so if we issued them today (in theory), when can we then make a court claim for non-payment to include these, as ideally, we will only make 1 single court claim, as opposed to a further one for the (presumably) unpaid late payment penalties?
Kind regards,
Andrea

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11 years 6 months ago #960 by David J
Replied by David J on topic Re: Time Lines for Recovery of Late Payment Penalty Invoices
Hello Andrea
I'm not sure if there are hard and fast rules about how much time you give your debtor to pay before taking court action. I would have thought that 7 to 10 days was more than adequate. If they don't pay within that time then they probably have no intention to until pressed further. Once you make your claim, interest will keep accruing until they pay all of the invoice, compensation and outstanding interest.

Regards

David

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11 years 6 months ago #964 by AndKen
Replied by AndKen on topic Re: Time Lines for Recovery of Late Payment Penalty Invoices
Thank you David - this site is so helpful!

Kind regards,
Andrea

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  1. Discussions forums
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. Time Lines for Recovery of Late Payment Penalty Invoices
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