Debt Recovery: Range of Fixed Fees

Debt that is undisputed

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.

Anyone wishing to proceed with a claim should note that:

• Our fixed fee depends on the value of your claim.  We normally seek fixed costs from the debtor which are fixed by the court and which vary depending upon the value of your claim, click here to view fees.  We will also charge debt value collection costs from the debtor which again we will seek to recover on your behalf and which will form part of our fixed fee.  Any interest which we can recover on your debt will also form part of our costs and fixed fee.  Essentially, if the debtor recovered in full you will receive the return of your court fee and the total sum which you were seeking to recover.  We will retain any fixed solicitor’s costs allowed by the court, any interest we can recover on your behalf and any debt value collection costs which we can recover on your behalf.  These charges are chargeable whether or not we recover the debt on your behalf.
• The court also charge a fee to issue your claim depending upon the value of your claim.  Click here to see the court fees. This can be recovered from the debtor if you are successful.
• 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 cost.
• The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt or where the case becomes defended.

As part of our fee we will:-

• 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 Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default
• When Judgment 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

Matters usually take 12 weeks 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.