Debt recovery is a major issue for many businesses and it can be a complicated and daunting process. We have broken it down into three easy steps and our lawyers can assist you at every stage.
In the first instance, you need to issue a solicitor’s letter before action. This letter is used to indicate to the debtor that you are prepared to commence legal proceedings for collection and enforcement of the debt.
The next stage is to issue a county court claim (CCJ) or a statutory demand. The debtor can then send Acknowledgement of Service or a Defence.
If the debtor doesn’t respond, you can apply to the court to obtain a judgement in default.
If the debtor does not pay you after you obtain a CCJ or a statutory demand, you will need to take enforcement action.
There are several different options and the most appropriate one will depend on the specific circumstances and level of the debt. These can include:
High Court Bailiffs
Third Party Debt Orders
Orders for Questioning
If you want to start the debt recovery process but don’t want to spend money chasing your clients, Conditional Fee Arrangements can be very helpful. Our solicitors will work on your case and only collect a fee of up to 25% of the final compensation you receive. Please let us know if you would like to discuss this option and our solicitors will provide you with all the relevant information upfront.
Submit your details and we'll connect you with the right lawyer who will provide you with a free 30-minute consultation.
During the consultation the lawyer will ask questions to get further information about your needs and provide you with a quote or a Conditional Fee Arrangement to start your debt recovery process.
Our solicitors will work with you at various stages depending on your requirements.
At Stage 1, our solicitors will
undertake appropriate searches on the debtor
draft a solicitor's Letter Before Action
issue a follow up call and letter to the debtor threatening a county court claim or insolvency proceedings
At Stage 2, our solicitors will
issue a county court claim or a statutory demand
apply to the court to obtain judgment in default where no Acknowledgment of Service or Defence is received from the debtor
At Stage 3, our solicitors will
advise on the most appropriate and cost-effective enforcement methods based on the level of debt outstanding
Stage 1 - Fixed Fees
up to £5,000, fees are from £200
between £5,001 to £10,000, fees are £400
between £10,001 to £50,000, fees are £550
between £50,001 to £100,000, fees are £950
Stage 2 - Fixed Fees
up to £5,000, fees are from £250
between £5,001 to £10,000, fees are £450
between £10,001 to £50,000, fees are £650
between £50,001 to £100,000, fees are £975
Fees to be discussed on a case-by-case basis and will depend on the required method of enforcement.
*All fees are exclusive of VAT and court fees.