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Where we are asked by our clients to recover debts or debt portfolios on their behalf we will work with that client to build a bespoke fee structure for that recovery work.
With any piece of litigation it is very difficult to provide complete certainty in terms of costs because the Court process can be complicated and the costs can increase as a consequence of the detail of the debt and the actions of the other party.
However, in order to provide as much clarity as we can, we set out below the range of our expected costs for Court claims up to £50,000 where the Claim is undisputed. We have assumed that Court proceedings are necessary, where they are not, the costs will be less than set out below. The variations are dependent on the value of the claim as Court fees for claims worth less than £10,000 are staggered.
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 needed), or an hourly rate if more extensive work is needed.
For debt value up to £5,000
Court fee £19-£106
Our fee (incl. VAT) £137.10 - £296.02
For debt value £5,001 - £100,000
Court fee £132
Our fee (incl. VAT) £347.22 - £720.00
Total £479.22 - £852.00
Our fee includes:
Matters usually take 14 days – 4 months 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 and the speed at which the Court is able to process your application. This is on the basis that the other side pays promptly on receipt of Decree in default. If the claim is defended or enforcement action is needed, the matter will take longer to resolve.
News 13 MAY 2022