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Debt Recovery Claims

Debt Recovery Fees

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Debt Recovery Claims

Court Claims

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, 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 required), or an hourly rate if more extensive work is needed.

Debt ValueCourt Fees Our Fees
Up to £5,000£35.00 to £455.00£450.00 plus VAT
£5,001-£10,000£455.00£650.00 plus VAT
£10,001-£50,0005% of the claim value£850.00 plus VAT

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

  1. Taking your instructions and reviewing documentation.
  2. Sending a letter before action.
  3. Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim.
  4. Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default.
  5. When Judgement in default in received, write to the other side to request payment.
  6. If payment is not received within 14 days, providing you with advising you as to the costs of the next stage.

Matters usually take 4-12 weeks 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. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

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Introducing Your Alternative Disputes Legal Team

Osbornes has an experienced team of specialist alternative-disputes lawyers to assist with your case / situation

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Camden

Livery House, 9 Pratt Street, London NW1 0AE
Tel: 020 7485 8811 Fax: 020 7485 5660
DX Number 57053 Camden Town

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28A Hampstead High Street, Hampstead, NW3 1QA
Tel: 020 7485 8811 Fax: 020 7485 5660

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