Debt Recovery Charges
Debt Recovery Charges
SCALE OF CHARGES FOR DEBT COLLECTION
OUR CHARGES FOR A LETTER BEFORE ACTION | |
| 7 day Letter Before Action | £10.00* plus VAT |
| Any detailed additional correspondence with debtor before issuing proceedings | £4.00 plus VAT per letter |
* £10.00 is subject to negotiation for bulk debt collection clients.
OUR CHARGES FOR ISSUING PROCEEDINGS BASED ON FIXED COSTS recoverable from defendant | ||
| VALUE OF CLAIM | COURT FEE | OUR CHARGES/FIXED COSTS |
| Up to £300 | £30.00 | £50.00 plus VAT |
| £300 to £500.00 | £50.00 | £50.00 plus VAT |
| £500.00 to £1000.00 | £80.00 | £70.00 plus VAT |
| £1000.00 to £5000.00 | £120.00 | £80.00 plus VAT |
| £5000.00 to £15000.00 | £250.00 | £100.00 plus VAT |
| £15000.00 to £50000.00 | £400.00 | £100.00 plus VAT |
| £50000.00 to £100,000.00 | £600.00 | £100.00 plus VAT |
| £100,000.00 to £150,000.00 | £700.00 | £100.00 plus VAT |
OUR COSTS FOR ENTERING JUDGMENT BASED ON FIXED COSTS RECOVERABLE FROM DEFENDANT | |
| Judgment in Default | £22.00 |
| Judgment in Default after Acknowledgement of Service filed | £25.00 |
| Judgment entered on Admission upon Acceptance of Defendant's proposal | £40.00 |
| Judgment entered on Admission where Court decides level of payment | £55.00 |
OUR CHARGES FOR COMMENCING ENFORCEMENT PROCEEDINGS | |||
| TYPE OF ENFORCEMENT | COURT FEE | OTHER DISBURSEMENTS | OUR CHARGES |
| County Court Bailiff | £35.00 if Judgment less than £125.00 | None | £10.00 plus VAT |
| £55.00 if Judgment more than £125.00 | None | £10.00 plus VAT | |
| High Court Enforcement Officer | £50.00 | None | £101.75 plus VAT FIXED COSTS |
| Oral Examination | £45.00 | None | |
| Our charges for the above method of enforcement will be based on our hourly rate of £115.00 per hour but a fixed estimate will be given on request. | |||
| Third Party Debt Order | £55.00 | Agents fees for attending hearing approximately £115.00 | £98.50 plus VAT FIXED COSTS |
| Charging Order | £55.00 | £10.00 affidavit fees £80.00 registration fees with Land Registry £4.00 Office Copy Entry fees ALL RECOVERABLE FROM THE DEFENDANT | £110.00 plus VAT FIXED COSTS |
| Attachment of Earnings | £65.00 | None | £30.00 plus VAT |
OUR CHARGES FOR COMMENCING INSOLVENCY PROCEEDINGS | ||
Suitable for use in undisputed debts only | ||
| DISBURSMENTS | OUR CHARGES | |
| STATUTORY DEMAND | £80.00 process servers fees (approx) | £50.00 plus VAT |
| PERSONAL INSOLVENCY - BANKRUPTCY | - £190.00 Issue Fee | £115.00 per hour plus VAT |
| CORPORATE INSOLVENCY - WINDING UP PETITIONS | - £190.00 issue fee - £590.00 Official Receivers deposit - £10.00 affidavit fees - £80.00 process servers fees (approx.) - £50.00 advertising charges for petition - £115.00 agents fee to attend hearing (approx.) | £115.00 per hour plus VAT |
DEFENDED CASES |
| If a case becomes defended, all further work will be charged at the agreed hourly rate of £115.00 plus VAT per hour whilst the case remains within the Debt Collection department |
| All Small Claims cases will remain within the debt collection department and in a straightforward case should not exceed an additional 3 hours work which would include preparing your case for hearing and filing your documentation at Court and on the Defendant. |
| We do offer a Contigency fee service for Small Claims cases which we operate on a "no win, no fee" basis. If we are successful in obtaining Judgment in your case, we will charge you a % of the amount recovered. Further information can be provided on this service if required. |
| If a case is above £5000.00 and becomes too complex and therefore, requires the expertise of a qualified solicitor, the case will be transferred out of the Debt Collection department. Our solicitors charge out rates will depend on their experience. |
| If a Defence is filed which is simply a holding defence and shows "no real prospect of successfully defending the claim", the Claimant can make an application to the Court for Summary Judgment. The Court fee to make such an application is £60.00 and our charges are £235.00 plus VAT. Again, both of these are recoverable from the Defendant should the application be successful and our charges reflect the fixed costs that can be recovered. |