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20-minutes of free legal advice over the phone
Specialist legal help from our friendly team
Dedicated lawyers that return your calls
Fixed fee services with no hidden costs
How Debt Recovery Solicitors Can Help You
We know you want to maximise debt recovery without “throwing good money after bad” and our commercial debt recovery service is affordable, fast and effective.
Once you have signed up to our debt recovery service you can send us your instructions by fax, email or telephone and we aim to send a court compliant letter before action to your debtor within 24 hours.
Our business debt recovery solicitors service is specifically designed to deal with undisputed unpaid commercial invoices on an affordable, fixed fee basis with prices starting from just £10.00 plus VAT.
In addition you may be eligible to claim up to £100.00 compensation plus interest at 8.5% on top of your unpaid invoices under the Late Payment of Commercial Debts (Interest) Act 1998.
In the event that a debt recovery claim is disputed our team of debt recovery solicitors can handle contested commercial debts for businesses of all sizes for an affordable fee that will be agreed in advance, giving you peace of mind and value for money.
In addition Freeman Jones Chester Solicitors can deal with any of the following debt recovery matters;
- Issuing County Court Proceedings.
- Obtaining County Court Judgement.
- Enforcing County Court Judgement.
Our Debt Recovery Service (up to £100,000)
Step
Taking your instructions and sending a letter
Taking your instructions and sending a letter before action to the debtor threatening County Court or insolvency proceedings and usually requiring payment within 14 days. Our fee also includes receiving the payment and forwarding it to you. If an electronic transfer is required however this will attract a further fee of £25 plus VAT.
Debt owed less than £1,000 = £50 plus VAT
Debt owed £1,000 to £10,000 = £75 plus VAT
Debt owed £10,000 to £100,000 = £150 plus VAT
Step
Drafting and Issuing
This stage involves drafting and issuing a county court claim on your behalf.
You should be aware a claim for interest and/or late payment compensation may take the debt into a higher bracket with higher costs.
Debt recovery claim costs
Issuing a County Court Claim against your debtor
| Debt owed | Court fee | Our fee |
|---|---|---|
| Up to £300 | £35 | £90 plus VAT |
| £300 – £500 | £50 | £100 plus VAT |
| £500 – £1,000 | £70 | £125 plus VAT |
| £1,000 – £1,500 | £80 | £140 plus VAT |
| £1,500 – £3,000 | £115 | £150 plus VAT |
| £3,000 – £5,000 | £205 | £160 plus VAT |
| £5,000 – £10,000 | £455 | £175 plus VAT |
| £10,000 – £100,000 | 5% of claim | £250 plus VAT |
Issuing a Statutory Demand against the debtor
| Debt owed | Our fee |
|---|---|
| £750 to £10,000 | £200 plus VAT |
| £10,000 to £100,000 | £350 plus VAT |
Request Judgment
In County Court claims, once the Court has served the claim, a debtor has 14 days in which to file a Defence or enter an Acknowledgement of Service. After the expiry of the 14-day period you can make a request to the Court for judgment to be entered provided the debtor has not filed an acknowledgment or a Defence.
Request Judgment – our fee £50 plus VAT
Timescale: It usually takes the court about 10 working days to enter judgment following receipt of a request to enter judgment.
Additional Debt Recovery Services
If the debt is still not paid after judgment has been entered then enforcement action will be required. This can be dealt with as follows and we will discuss the options with you before embarking upon any process:
- Application for an attachment of earnings order
- Application for charging order on debtor’s property
- Application for third party debt order
- Bankruptcy Proceedings
- Oral examination of a debtor
- Winding up order
Contact Our Debt Recovery Solicitors Today
If you would like more information our commercial debt recovery services, or to find out more about our debt recovery prices, contact us today on 01244 506 444 or request a call back by filling in our contact form.
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