Debt Recovery
Our Debt Recovery specialists have in-depth knowledge across a range of sectors.
Our team of legal experts use innovative ways to recover debts with support from market-leading case management. They can provide reporting information designed to your needs, ensuring a transparent, efficient debt recovery process. Across both transactional work and more complex litigation, clients recommend us for our approachability, range of options, service excellence and significant cost reductions.
To find out more about Debt Recovery, please contact our Debt Recovery Team today using our Contact Us form.
Can The Debtor Pay ?
Assessing whether the debtor is a “won’t pay” or a “can’t pay” customer is essential to the success of legal proceedings.
We have access to a number of specialists who can provide “pre-sue” assessments or debtor profiling” reports to guide you on the commercial risks of a particular defendant.
Getting judgment is the first stage of the process. We understand that getting paid is the objective. We provide unrivalled expertise and an efficient approach to recovering your debt.
How much does Debt Recovery cost?
Please note, the below is applicable only to the stated circumstances, and unless a fixed fee is stated it is purely an indicative guide. Please contact us for an accurate fee proposal based on your particular facts and circumstances.
Sending to the Debtor a Letter before Action demanding payment – Fixed fee of £42 for a letter before action (LBA) relating to undisputed unpaid invoices only. All other LBAs are charged on a time spent basis.
If the Debtor is disputing the sum, we cannot deal with it under the fixed fee. We will be able to review the papers, advise and act for you in a disputed claim but all of that work will be charged on a time spent basis and we will provide you with a likely fees estimate based specifically on the individual needs of your case.
Example of Costs for Different Debt Values:
| Debt Value | Up to £300.00 |
| Court fee | £35.00 |
| Our fee | Hourly rate of £114 (approx. 1 -2 hours) |
| Debt Value | £10,000 and above |
| Court fee | 5% value of the claim |
| Our fee | Hourly rate of £114 (approx. 1 -2 hours) |
For more detailed information about our pricing for Debt Recovery, please use the button below to download our pricing guide.
Free Credit Check
Request a free credit check with one of our Debt Recovery experts...
Debt Recovery: all you need to know
Have you ever felt that your demands for payment are not being taken seriously? Give your credit control a bit more bite!
Specific Types of Debt Recovery
Debt recovery generally falls into two types of categories, find out more here…
Debt Recovery Team
Latest news | insights
Coronavirus Debt Enforcement for Companies Update
If the debt is not commercial rent arrears, the emergency ban on issuing Winding Up Petitions will end on 30 September 2021.
September Coronavirus Update for Residential Landlords
The Government intends to gradually return the Notice periods that must be given to residential Tenants to pre-pandemic time scales.
Property Dispute – Commercial Rent Arrears
The embargo on evicting commercial tenants who have failed to pay their rent has now been extended to 25 March 2022.
Award winning legal advice
We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2022 by Legal 500 and Alistair McArthur is ranked in Chambers 2021.
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+44 (0)118 977 4045
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