• Text size      
  • Send this article to a friend
  • Print this article

Small firms welcome debt recovery plans

Small businesses have welcomed plans to make debt recovery quicker and cheaper in the hope it will prevent big firms using them as a source of free credit.

Civil cases up to £150,000 will be dealt with by the Sheriff Court if the new Courts Reform (Scotland) Bill is approved by MSPs.

The bill is designed to reduce costs and delays for litigants, who currently have to take civil cases over £5000 to the costly Court of Session for resolution. The publication of the bill yesterday followed the recommendations of Lord Gill, lord president of the Court of Session.

Colin Borland of the Federation of Small Businesses in Scotland said: "Pursuing a debt through the courts can be a prohibitively lengthy, uncertain and expensive slog for a small business. Many larger companies know this and use their small suppliers as free credit with impunity."

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

211252