PRICING INFORMATION - DEBT RECOVERY
___________________

Please note this pricing applies in situations where there is an undisputed unpaid invoice. VAT and disbursements, such as court fees are additional.

Letter Before Action – to send a letter to the debtor warning of legal action if the debt is not paid within 16 days and forwarding to you a copy of any reply from the debtor.

£140.00

Statutory Demand – we will prepare the demand and arrange for personal service, forward to you any response and provide a
preliminary view on whether any notified dispute means further action on the demand is appropriate or not. In addition, to the fee there will be the process server’s fee for personal service of the document.

£280.00 per person/per company

 

Undefended Legal Actions:

Debt amounts up to £250.00

£95.00

Debt from £251.00 to £500.00

£110.00

Debt from £501.00 to £600.00

£125.00

Debt from £601.00 to £1,000.00

£300.00

Debt from £1,001.00 to £3,000.00

£500.00

Debt from £3,001.00 to £5,000.00

£1,000.00

Debt from £5,001.00 to £10,000.00

£1,750.00

Debt from £10,001,00 to £15,000.00

Time spent basis

Debt from £15,001,00 to £20,000.00

Time spent basis

Debt from £20,001.00 to £25,000.00

Time spent basis

Debt from £25,001.00 to £50,000.00

Time spent basis

The above charges cover, file set up, taking your instructions and reviewing documentation, undertaking appropriate searches, where necessary, the issue of proceedings and obtaining a default judgement or an admission.
For Defendants in Scotland or N. Ireland that we sue in England the above fees apply together with an additional fee of £300.00. Different charges apply to Defendants outside England and Wales, Scotland, and N. Ireland; cost details can be provided on request.
Defended actions and those involving adjournments and court hearings will be charged on a time basis according to the standard terms of business. Invoices are payable within 28 days.

After Judgement, further enforcement costs are as follows, again, VAT and disbursements are additional:

a) Oral Examination


£280.00
b) Attachment Earnings


£300.00

c) 3rd Party Debt Orders


£400.00
d) Charging Orders


£550.00
e) County Court Warrant


£280.00
f) Re-Issue of Warrant


£140.00
g) High Court Enforcement 


£280.00
h) Winding up Petitions and Bankruptcy Petitions


£560.00

 

 

 

 

 

 

 

 

 

 

 

 

 


Opposed and adjourned applications are charged on a time basis according to the standard terms of business.

Matters usually take 4-8 weeks from receipt of instructions from you, to receipt of payment (or offers of payment via a payment plan instalments). However, in cases where the debtor is insolvent or cannot be traced or court/enforcement action is necessary, it will take longer to resolve which can be discussed on case by case basis.

 
email Richards Solicitors