KDC Accounting Debt Collection Policy
In the event that an account is not paid within the terms of our Fee Policy, the following shall apply:
- KDC Accounting shall, without prejudice to any other remedies available, be entitled to charge interest on the amount outstanding calculated from the date payment is due until the date payment is made at the interest rate prescribed by reference to the prescribed rates in Schedule 2, Interest Rates, of the Court Procedures Rules 2006 (volume 3) plus 5%.
- In the event of failure to meet payment within 7 days KDC Accounting will be at liberty to instruct a Collection Agency and / or solicitors to recover the monies outstanding. You, the client, will be liable for costs, charges, commissions, and expenses reasonably and properly payable to us to such Collection Agency and / or solicitors relating to the recovery of outstanding debts and associated costs.
- Any monies recoverable by us from you, the client, pursuant to clauses (a) and (b) shall be added to the amount otherwise due and shall be recoverable as a liquidated debt.