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Debt Recovery

Debt Recovery & Insolvency

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Insolvency

Debt Recovery & Insolvency

FIND OUT MORE HERE

 
 
 
 

Debt collection and enforcement charges

VAT is added to all of the charges set out below

Pre-Legal

Letter before action (debt up to £100)

£5.00

Letter before action (debt over £100)

£15.00

Issue and Judgment

Issue of court proceedings

£25-£500

£50.00

  £500-£1000 £70.00
  £1000-£5000 £80.00
  Over £5000 £100.00

Judgment in default of acknowledgment of service

£25-£5000

£22.00

  Over £5000 £30.00

Judgment in default of defence

£25-£5000

£25.00

  Over £5000 £35.00

Judgment on admission

£25-£5000

£40.00

  Over £5000 £55.00

Monitoring instalment payments (per instalment received)

 

£5.00

Enforcement of Judgement Debt

By County Court Bailiff

free of charge

By High Court Enforcement Officer

free of charge

Orders to obtain information (when conducted by court) £50.00
Attachment of Earnings Order £50.00
Charging Orders and Third Party Debt Orders £100.00

Individual and Corporate Statutory Demands

Personal service charges are passed on at cost
Bankruptcy and winding up petition fees on quotation

From £75.00

Recovery, Correspondence and Telephone charges

Recovery charges on all sums recovered following receipt of your instructions in addition to the fees set out above

6%

 

Work undertaken in respect of debts which become defended or disputed, or other non-routine debt collection work not  detailed above will be billed at the following hourly rates:

Legal Director

£185 per hour

Assistant Solicitor £150 per hour
Legal Clerk/Trainee Solicitor £105 per hour

Court fees and disbursements

Fees at the rate laid down by HM Courts Service are payable at every stage of the court process.  These will be billed in addition to our charges and do not attract VAT. Other disbursements (including High Court Enforcement Officer’s fees) will be charged at cost.

Credit Searches – Companies and individuals

Price available on application

 

Our Fees

Our fees include:-

  • Taking your instructions and reviewing documents.
  • Undertaking appropriate searches.
  • Sending a letter before action.
  • Receiving payment and sending on to you, or if the debt is not paid, drafting and issuing your claim.
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter judgment in default.
  • When judgment in default is received, providing you with advice on appropriate enforcement action.

We send a letter before action promptly upon receiving instructions and if payment is made following receipt of that letter the matter will be concluded within approximately 1 week.  If payment is not made at that point proceedings will then be issued. If no attempt is made to defend the matter then we are usually in a position to enter judgment within 4 weeks or thereabouts from the commencement of instructions.

If the debtor indicates an intention to defend and then puts in a defence, the matter will take considerably longer.  If judgment is obtained but no payment is made then various enforcement actions need to be taken. A flow chart that sets out these options is available to download here.

To see who is on our experienced team, visit our dedicated debt recovery insolvency page.

 

 

 

 

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