Commercial Debt Recovery Fee Options

We offer an extensive range of debt recovery options as outlined below. If you would like to discuss in further detail any of the options then contact one of our specialist team on Exeter 01392 270867

A. No Recovery – No Fee
If a debt is collectable, we will recover it for you. Our debt recovery service operates on a no win – no fee basis for pre-court collections. If we do not recover the debt then you do not pay us a penny.

B. Low commission debt recovery
Where we succeed in recovery without having to issue court proceedings, we offer a competitive commission-based debt recovery service. We charge 10% plus vat of the amount recovered for all debts over £250. If your debt is under £250 we will fix our charge at £25 plus vat.

C. Fixed fee debt recovery
If we have to issue court proceedings on your behalf, we offer a fixed fee service. (outlined in Schedule below) If the proceedings are defended then our fees will be calculated on the amount of time which we spend dealing with the matter. Our hourly charging rates are among the most competitive for solicitors in the South West and we will provide you with an estimate of our anticipated charges at the outset.

D. Free Business to Business debt recovery
If you are a business and are owed money by another business for services or goods which you have supplied, then you may be entitled to use our free business debt recovery service (subject to terms and conditions).

If the other business remains active; the debt is not contested, was incurred after 7th August 2002, and is between £50 and £10,000, you would only have to pay for disbursements such as court fees. Please feel free to ask for further information about this service.

E. Tailor Made debt recovery
We recognise however that not all debts are the same. It may be that the amount to be recovered is significant, or it may involve complex issues, or it may be defended. In such cases we will provide a tailor-made service for you.

Your claim will be dealt with by an appropriately experienced legal adviser who will discuss with you the best course of action to take in your particular circumstances. Our fees will be calculated on the amount of time which is spent on dealing with the matter. We will provide you with an estimate of our anticipated charges at the outset. We will also work to an agreed credit limit if you wish us to do so.

FIXED PRICE SCHEDULE

ACTION

SRL CHARGE

DISBURSEMENTS

Issuing Proceedings

 

All disbursements for issuing proceedings added to debt claimed

Up to £300

£60 + VAT (£50 claimed as fixed costs)

£30

£301 to £500

£60 + VAT (£50 claimed as fixed costs)

£45

£501 to £1,000

£70 + VAT (£70 claimed as fixed costs)

£65

£1,001 to £1,500

£100 + VAT (£80 claimed as fixed costs)

£75

£1,501 to £3,000

£100 + VAT (£80 claimed as fixed costs)

£85

£3,001 to £5,000

£125 + VAT (£80 claimed as fixed costs)

£108

£5,001 to £15,000

£150 + VAT (£100 claimed as fixed costs)

£225

£15,001 to £50,000

£150 + VAT (£100 claimed as fixed costs)

£360

ENTERING JUDGMENT

Requesting Judgment in default of acknowledgement

£30 +VAT (£30 added to claim as fixed costs)

N/A

Requesting Judgment in Default of Defence

£35 + VAT (£35 added to claim as fixed costs)

N/A

Requesting Judgment on Admission (Offer Accepted)

£55 + VAT (£55 added to claim as fixed costs)

N/A

Requesting Judgment on Admission (payment determined by the Court)

£70 + VAT (£70 added to final claim as fixed costs)

N/A

ENFORCEMENT

Attachment of Earnings

£60 + VAT

£65 (added to debt claimed)

Charging Order (uncontested)

£350 + VAT

£55 (added to debt claimed)

Warrant of Execution (via County Court Bailiff) – Where Judgment debt does not exceed £125

£30 + VAT

£35 (added to debt claimed)

Warrant of Execution (via County Court Bailiff) – Where Judgment debt exceeds £125

£30 + VAT

£55 (added to debt claimed)

Writ of fi fa (Via High Court Sherriff – Where Judgment debt exceeds £600

£60 + VAT

Plus disbursements (inc £50 Court fee for transferring a County Court Claim to the High Court).  Sheriffs fees added to debt claimed.  If no recovery is made Sheriff charges will still apply.

INSOLVENCY

Statutory Demand

£75 + VAT

Plus disbursements (inc. Process Server & Affidavit fee)

Bankruptcy Petition (uncontested)

£300 + VAT

Plus disbursements (inc £190 Court Fee and £415 deposit payable to the Official Receiver)

Winding Up Petition (uncontested)

£450 + VAT

Plus disbursements (inc £190 Court Fee and £690 deposit payable to the Official Receiver)

 

For more infomation please contact one of the following:

Name Position Office
Craig Oliver Solicitor Exeter
Denise Strawbridge Litigation Executive Exeter

 

 

 

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