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Business Law Services

Commercial Debt Recovery Instruction Form

* denotes required information

Your Details

Debtor's Details

(eg. Limited Co., Partnership, Sole Trader/Individual)

(for all directed correspondance)

Invoice Details

Please email a current statement of account to debt@berrysmith.co.uk or post it to our Cardiff office c/o Jane Rees

Note: Ensure all particulars given are correct. If proceedings are issued, we have to provide a Statement to the Court confirming that the particulars are true. If it later proves that they are not, sanctions may apply including potential costs orders against you.

The Late Payment of Commercial Debts (Interest) Act 1998

The Act applies to all businesses that have entered into contracts with other businesses for the supply or sale of goods or services after 07 August 2002 if there are no arrangements for contractual interest. It entitles businesses to claim a higher rate of interest and additional costs.

You do not have to use the legislation however – it is not compulsory. Its aim is to deter late payment

Include a claim for costs and interest in accordance with The Late Payment of Commercial Debts (Interest) Act 1998

Do not include a claim for costs and interest in accordance with The Late Payment of Commercial Debts (Interest) Act 1998

Please claim contractual interest (Please email your terms and conditions to debt@berrysmith.co.uk or post it to our Cardiff office c/o Jane Rees)

If value of debt is over £1,000.00

I understand that 5% of any monies recovered in accordance with this instruction sheet will be charged.

If value of debt is below £1,000.00

I understand that a fee of £50.00 will be charged in accordance with this instruction sheet, whether monies are recovered from the debtor or not.