Debt Recovery up to £100,000
Clear Pricing, Fixed Fees and Timescales for Debt Recovery Claims up to £100,000
Debt Recovery up to £100,000
Our pricing for undisputed invoice debt cases where enforcement action is not needed is set out below. If the other party disputes the claim at any point, our debt recovery team is supported by commercial litigation specialists who handle disputed or complex claims and who will advise thoroughly on commercial debt recovery, commercial debts and prospects of recovery. They will provide advice about further costs which may be required on a fixed fee or an hourly rate between £242 and £288 plus VAT.
Stage 1
Threatening legal action and demanding payment. Letter before action sent to the debtor threatening County Court or insolvency proceedings.
| Debt Owed | Our Fee |
|---|---|
| Debt owed less than £1,000 | £55 plus VAT |
| Debt owed £1,000 to £10,000 | £75 plus VAT |
| Debt owed £10,000 to £100,000 | £150 plus VAT |
Stage 2
Issuing of County Court Claim or statutory demand against your debtor.
County Court Claim:
| Debt owed | Our fee | Court fee |
|---|---|---|
| Less than £1,000 | £100 plus VAT | £35 - £70 |
| £1,000 to £10,000 | £150 plus VAT | £80 - £455 |
| £10,000 to £100,000 | £250 plus VAT | 5% of claim value |
Statutory Demand
| Debt owed | Our fee |
|---|---|
| £750 to £10,000 | £200 plus VAT |
| £10,000 to £100,000 | £350 plus VAT |
With a County Court claim, once the Court has served the claim a debtor has 14 days in which to file a Defence or enter an acknowledgement. After the expiry of the 14 day period a request can be made to the Court for judgment to be entered provided the debtor has not filed an acknowledgement or a Defence.
Request Judgment - our fee £50 plus VAT
If there is no payment made following judgment then further action will be required to enforce payment:
- Application for an Order that the debtor attends Court for questioning
Our fee £250 plus VAT
Court fee £61 plus process servers fee up to £150 plus VAT - Application for writ of control - High Court bailiff
Our fee £100 plus VAT
If unsuccessful £80 Court fee plus bailiffs fee of £135 plus VAT
If successful £80 Court fee (court and bailiffs fee recoverable from debtor) - Application for an attachment of earnings order
Our fee £100 plus VAT
Court fee £135 - Application for third party debt order
Our fee £100 plus VAT
Court fee £135
Representation at Court - depends on location - Application for charging order on debtor’s property
Our fee £350 plus VAT
Court fee £135
Land Registry fee £40
Representation at Court - depends on location
If bankruptcy proceedings are required following issue of a statutory demand and the matter is determined at the first hearing, there are no issues with regards to service and the debt is not disputed or a County Court judgement has been obtained -
- Our fees £750 plus VAT
- Process server - up to £150 plus VAT
- Court fee - £343
- Deposit - £990
- Representation at Court - depends on location
- Search fee - £11
Timescales
Matters usually take 8 to 12 weeks from receipt of instruction from you to receipt of payment the other side depending on whether or not is necessary to issue a claim. This is on the basis the other side pays promptly. If the debt is disputed or enforcement action is needed the matter could take longer to resolve and is difficult to give an estimate of the time it will take as it will depend on the circumstances of your individual matter.
VAT will be charged at 20%.
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