Debt Recovery Fees
If you or your organisation is owed a debt by an individual or another organisation, our specialist debt recovery solicitors in London and Belfast can assist you in recovering the debt – whether you are owed a debt for goods or services. Contact our experienced lawyers today for advice.
Court Claims
These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed.
Debt value |
Court fee |
Fixed fee (ex. VAT) |
Total |
|---|---|---|---|
|
Up to £5,000 |
£205 |
£500 - £850 (depending on complexity) |
From £705 |
|
£5,001 - £10,000 |
£455 |
£750 - £1,200 (depending on complexity) |
From £1,205 |
|
£10,001 - £50,000 |
5% value of the claim |
15% value of the claim |
20% of claim value |
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and compensation may take the debt into a higher banding, with a higher court cost.
- The costs quoted above are not for matters where enforcement action, such as instructing a court bailiff, is needed to collect your debt.
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
- Where no Acknowledgement of Service or Defence is received, applying to the court to enter a Judgement in default
- When Judgement in Default in received, write to the other side to request payment
- If payment is not received within 14 days, providing you with advice on next steps and likely costs
- Any further work in line with next steps advice is not included
Simple debt collection as outlined above usually takes between 4 to 6 weeks from receipt of your instructions to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly, whether in response to a Letter Before Claim or on receipt of Judgement in Default. If enforcement action is needed, the matter will take longer to resolve.
Disbursements
Please note that there are disbursements including court fees that can be found here. There may be other disbursements but we will outline prior to organising.
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