Pay Online

Ashby de la Zouch

01530 639 031

Tamworth

01827 758 041

Debt Recovery Pricing

 

Debts can arise in all walks of life and we regularly advise and assist businesses and individuals alike.

 

Our Debt recover instructions come from businesses across various sectors. With mind years of experience and strong expertise in litigation both in and out of Court, our debt recovery service is fast, efficient and economical.

 

Why Us

 

We have an experienced team who can assist you with recovering both disputed and undisputed debts. This page covers our pricing for undisputed debt recovery – please get in touch to find out more about our fee structure for pursuing disputed debts. We pride ourselves on exceptional customer care skills enabling you to send out the right message and retain the goodwill of your customers whilst recovering outstanding payments.

 

We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with debtors. We have tried and tested processes in place to ensure we can recover undisputed debts quickly, efficiently and cost-effectively, with transparent fees.

 

Pricing

 

The fees involved in debt recovery claims vary and it is not always possible to provide a fixed fee in this regard. However, we can give you a range of fees, based on the amount of outstanding invoices, whether the claim is simply for payment of those invoices, the values of those invoices, whether the invoices have been properly demanded and whether a letter before action has been sent which complies with the pre-action protocol for debt recovery.

 

We have fee structures which are on the basis that the claim is a simple debt recovery claim where the fees have been appropriately demanded:

 

Fixed Fee

 

Pre-Action Protocol Letter Amount VAT Subtotal
Pre-action Protocol letter (up to 5 invoices) £100 £20 £120
Pre-action Protocol letter (up to 5-10 invoices) £110 £22 £132
Pre-action Protocol letter (up to 10-25 invoices) £125 £25 £150
Pre-action Protocol letter (up to 25-50 invoices) £150 £30 £180

 

Issue claim and request judgement in default Amount VAT Subtotal
Up to £500 £100 £20 £120
Greater than £500 but no more than £1,000 £110 £22 £132
Greater than £1,000 but no more than £5,000 £125 £25 £150
Greater than £5,000 but no more than £100,000 £150 £30 £180

 

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as Court fees.  A Court fee is incurred upon the issuing of a claim.

 

Anticipated Court Fees

Item Amount
Up to £300 £25
Greater than £300 but no more than £500 £35
Greater than £500 but no more than £1,000 £60
Greater than £1,000 but no more than £1,500 £70
Greater than £1,500 but no more than £3,000 £105
Greater than £3,000 but no more than £5,000 £185
Greater than £5,000 but no more than £10,000 £410
Greater than £10,000 but no more than £15,000 4.5% of claim
Greater than £15,000 but no more than £50,000 4.5% of claim
Greater than £50,000 but no more than £100,000 4.5% of claim

* These fees may be subject to variation by the Court.

 

Exclusions

 

Our fees are fixed and include items detailed above, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

 

Factors that may lead to an increase in cost include:

  • Correspondence with the Debtor
  • The claim being unable to be issued online
  • The claim not being issued by the Court
  • The claim being more than a simple debt
  • An acknowledgement of service being filed
  • Default Judgment being refused by the Court
  • A defence being filed
  • The need to chase payment of the judgment
  • Enforcement of the Judgment
  • Claim for more than £100,000

 

Time Scales

 

The Pre-action protocol requires that the Debtor be given 4 weeks from receipt of the pre-action protocol letter to make payment/put forward payment proposals.  A typical claim will take between 6-8 weeks, from sending the claim to the Court to be issued. This is on the basis that default judgment can be entered 14 days after service of the claim.  Court’s processing times can vary between the respective Courts.

 

Key Milestones

 

With every transaction there are key milestones; our fee will include these milestones and may be as follows:

  • Receipt of your instructions
  • Sending a letter of instruction
  • Receipt from you of the relevant identification documents and signed terms and conditions
  • Receipt of the invoices which remain outstanding
  • Sending of the pre-action protocol letter
  • Issue of the claim

 

 

HOW WE CAN HELP YOU?

HOW WE CAN HELP YOU?

Whatever your needs, assets or personal situation, we will listen to you and provide friendly and practical advice. Understanding your circumstances is the most important thing, so if you prefer to meet in person, by video link or something else - no matter where you are, we’re here to drive the change you need, or solve the problems you have.

Ask a Question Request a Callback Get a Quote

Latest News and Events

Team Fishers

Helping Hands: South Street Garden, gardening project

On Friday 10th June, a team of people set about a range of gardening tasks to tidy up a public garden on South Street in Ashby. The garden is council owned and managed by Ashby Rotary.
Read Article
Disputes & Claims

Challenging a Will – mental capacity

One of the ways that a person can try to argue that a Will is not (or should not be) valid is to challenge whether the deceased had mental capacity to make the Will.
Read Article
Disputes & Claims

Executor role – Remaining neutral when a claim is made against an Estate

Find out about an executors role to administer a Deceased’s person’s estate in more detail...
Read Article
Wills, Trust & Probate

Power of Attorney: Making your wishes clear

If you are planning to make a Power of Attorney, read our guide about how to discuss your wishes for the future with your loved ones:
Read Article
Business & Workplace

Navigating the gig economy and the choppy channel across to franchising

The gig economy is driving a rise in companies considering the use of franchise agreements to avoid worker or employee status for contractors but the way terms are written and the way the relationship really operates are vital.
Read Article
Home, Property & Land

Stamp duty changes ahead for multiple and mixed-use purchases

Stamp duty land tax (SDLT) changes are planned by HMRC to tackle potentially unfair outcomes, incorrect claims, or abuse of the rules relating to mixed use and multiple dwelling purchases.
Read Article
Disputes & Claims

Johnny Depp wins!

After three days of deliberation the long awaited verdict has been handed, Johnny Depp has won his defamation case against Amber Heard and Heard has a partial win on one account of her counter claim.
Read Article
    FISHERS SOLICITORS
Fishers is authorised and regulated by the Solicitors Regulation Authority, SRA number 48317. The Solicitors Code of Conduct can be found by clicking the logo.

 

 

Cookie Policy   |   Terms & Conditions   |   Privacy Policy   |   Sitemap

© 2022 Fishers Solicitors

Website Design Quiet Storm Solutions Ltd | Manage Cookie Settings