Debt Recovery for undisputed debt
Hourly Rates:
Senior Solicitors £250.00 (plus VAT Per hour)
Solicitors £200.00 (plus Vat per hour)
Trainee Solicitors & Paralegals £150 (plus VAT per hour)
The exact number of hours it will take depends on the circumstances in your case. Factors that may affect the hours can be:
-
The amount of supporting evidence that we need to consider
-
Level of cooperation from the opponent
-
The number of parties
-
Historical background
-
Jurisdiction of parties (should a defendant live outside the jurisdiction we would have to revisit costs estimates dependant on the country in question).
-
Complications relating to service
-
Investigations on the opponents and addresses
-
Unforeseen complexities that may arise
-
Language barriers or translations
As a guide we provide estimated costs below.
Debt Value |
Court Fee |
Our Fee (excl. VAT)* |
Timescale (average) |
Up to £5,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£1,000 – £2,000 |
6-12 months |
£10,000 – £25,000 |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£2,000 – £3,000 |
8-12 months |
£25,000 + |
https://www.gov.uk/government/publications/fees-in-the-civil-and-family-courts-main-fees-ex50 |
£3,000 – £5,000 |
10-18 months |
Who will carry out the work?
-
All work will be carried out by a qualified Solicitor with assistance provided by a Trainee Solicitor or Paralegal.
What services are included in this?
-
Initial attendance and consideration of the options and assessing most appropriate way forward based on the circumstances
-
Reviewing documentation advising on the same
-
Undertaking appropriate searches
-
Sending a letter before action
-
Receiving payment and sending onto you, or
-
if the debt remains unpaid, drafting and issuing a claim
-
Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
-
When Judgement in default in received, write to the other side to request payment
-
If payment is not received within 28 days, providing you with advice on next steps and likely costs
The costs quoted here do not include:
-
Court Fees
-
Disbursements such as Barrister’s fees, expert’s fees, search fees, translation costs etc
-
Enforcement action to collect debt or enforce a judgment
-
Defence filed by the opponent in the case of a disputed claim
-
Appeals
-
Jurisdictional issues in serving proceedings