Costs and service information on Debt Recovery

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed.

If the other party disputes your claim at any point, or ‘enforcement’ becomes necessary, we will discuss any further work required and provide you with revised advice about costs as required.

See the table below setting out our fees in a clear and user-friendly table for Court Claims (undefended debts). NB: The court fee is in addition if proceedings are issued at court.

| Our fee includes:

Pre-issue

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you

Post-issue

  • If the debt is not paid, drafting and issuing court proceedings
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in Default
  • When Judgment in Default in received, write to the other side to request payment
  • If payment is not received within 14 days, providing you with advice on next steps and likely costs

| Assumptions

The fee range is conditional on the following assumptions:

  1. We have all the documents and you will co-operate with the provision of further information;
  2. Your debtor is correctly identified and his whereabouts are known;
  3. The debts are not subject to substantive dispute and/ or set off or counterclaims.

| Optional Extras/ Exclusions

  • Advice and preparation in relation to any substantive dispute;
  • Advice and preparation in relation to a defended claim
  • Advice and preparation in relation to any injunction proceedings which could be brought against you;
  • The collection and accounting to you of monthly instalments for a period in excess of 2 month.

| Additional information on costs

Trace agents

There will be an administration charge of £35 plus VAT for instructing a Trace Agent (total £42).  Agents’ charges also apply and these may vary, depending on the debtor’s location.  On average, agents’ fees are approximately £80 plus VAT (total £96). We can provide a quotation on request geared to your / the debtor’s circumstances.

Instalment arrangements

Where a single lump sum is not recovered in final settlement and we need to spend time to monitor instalment payments, we make a charge of 10% plus VAT on instalments received.  Where possible this is added to the debtor’s outstanding balance.

Contentious matters

Should a matter become contentious at any stage throughout the action, we will discuss any further work required and provide you with an estimate of our charges to conclude the action on your behalf.

Negotiating settlements 

If at any stage of our involvement we enter in to discussions with your debtor to attempt settlement, we will discuss any further work required and provide you with an estimate of our charges to conclude the action on your behalf.

| The likely timescales of each key stage: Stage 1 - Pre- Legal

Sending a Letter Before Action

Before issuing the Letter Before Action we will: take your instructions; review all documentation; undertake appropriate searches; and agree a draft Letter Before Action with you (unless you have instructed us otherwise).

Likely timescale of this key stage: 2 – 5 working days after instructions confirmed & funds cleared, depending on the amount of documentation and whether revisions are required to the draft.

If we receive a payment in response, we will send it onto you within a likely timescale of  2 – 3 working days of cleared funds being received

| Stage 2 - Proceedings

Drafting and issuing court proceedings  

If the debt is not paid, we will draft and issue court proceedings.

Likely timescale of this key stage: 2 – 5 working days after instructions confirmed & funds cleared 

Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in Default

Likely timescale of this key stage: within 5 weeks of proceedings being issued

If Judgment in Default is received, write to the other side to request payment

Likely timescale of this key stage: 2 – 5 working days after receiving Judgment in default

If payment is not received within 14 days, providing you with advice on next steps and likely costs

Likely timescale of this key stage: within 2 – 5 working days of 14 days deadline

| Insolvency Proceedings

A) Personal Bankruptcy

Our fees: £150- £3,000

Disbursements

  • £280- Petition fee
  • £990- Official receiver deposit
  • £85 – Process server fee
  • £110 – Advocate’ s fee

B) Corporate Winding- up Proceedings 

Our fees: £150- £3,000

Disbursements

  • £280- Petition fee
  • £1600- Official receiver deposit
  • £85 – Process server fee
  • £90 – Advertisement fee
  • £110 – Counsel’s fee

Team details

Our team operates within our commercial litigation department which collectively has over 90 years of experience in delivering high quality work in all matters relating to commercial litigation, including commercial debt recovery.

Administrative costs associated with storage of papers : £35 + £7 VAT  = £42

| Expert Advice

Your matter will be supervised by Paul Sykes, Partner and Head of Commercial Litigation and Dispute Management (Qualified 1984, see Profile below) and other members of the team who will work on or assist on your matter. Please click here to view the team.

Paul Sykes

PARTNER


Paul is a partner and the head of the dispute resolution team at Levi Solicitors LLP.

T. 0113 297 3199
E. jpsykes@levisolicitors.co.uk

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