<p data-start="2336" data-end="3073">Creditors in the UK have several rights when recovering business debts. They can charge statutory interest under the Late Payment of Commercial Debts Act and claim reasonable recovery costs. Creditors are also entitled to issue formal demand letters and pursue legal action if necessary. If the court rules in their favor, enforcement actions like bailiff involvement or asset seizure may follow. However, creditors must ensure all claims are valid and supported by documentation. Misuse of recovery tactics can lead to legal issues. Understanding these rights allows businesses to act confidently while maintaining compliance with regulations and protecting their financial interests.

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