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Debt Recovery Pricing
We initially draft a letter before action in order to recover a debt. The cost for this service is £300 plus VAT.
If the debtor does not pay then we will advise you to issue proceedings. Our initial fee for reviewing the documentation and preparing the claim form is in the region of £1,500 plus VAT.
The Court fees applicable to the debt claim can be seen at https://www.gov.uk/make-court-claim-for-money/court-fees
If the other party fails to acknowledge service of the proceedings or file a defence to the claim, we will request a default judgment and, on receipt of the default judgment, we will write to the other side demanding the final payment.
If the other party disputes your claim and the matter becomes contested, we will discuss any further work which may be required and provide you with a new quotation.
Our fees are time-based and are calculated by reference to hourly charging rates. We will give you as detailed a costs estimate as we can, once we know what issues have been raised and have a better idea of how long it is likely to take to resolve the matter for you.
Undisputed claims are likely to take anything between 2 weeks and 3 months from receipt of instructions from you 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 on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.
Disputed claims can take up to 12-18 months to resolve.
In certain circumstances, it may be appropriate to draft and serve a statutory demand claiming payment of an undisputed debt. Our fees for doing this (including the cost of arranging for personal service of the demand on the debtor) will be in the region of £1,500 plus VAT. We can discuss this method (and the costs involved) in further detail during our initial consultation.