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Recovery of Undefended Business Debt
A undefended business debt can be recovered, with our assistance, in three easy steps. We offer this service at a fixed price.….
1 Warning Letter
This is known as a ‘letter before action’. All you need to give us is the name of the debtor, their address and details of the debt such as the amount and the invoice number to which it relates. We will then draft and send a warning letter to the debtor FREE OF CHARGE.
Cost at this stage - If the matter is resolved satisfactorily at this stage, you will incur ABSOLUTELY NO LEGAL FEES.
2 Issuing Proceedings
If it is necessary to issue a claim for the debt in the County Court we can offer advice and draft the court documentation for fixed fee of ***. In addition to this fee, you will also need to pay an ‘issue fee’ to the Court. Please follow the like to **** for a list of current fees.
Costs incurred at stage 2 – Only our fixed fee (plus VAT) and the county court ‘issue fee’. A list of County Court fees can be found at http://www.hmcourts-service.gov.uk/
Fixed Fees: pdf
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3 Judgment and Execution
Once the court has passed judgment you will be able to enforce it. This means the court thinks that the debtor should pay you the amount you have claimed and there are mechanisms available for you to obtain this money you are owed.
If your debt is under £600 – we will instruct the local county court bailiff to recover the debt.
If your debt is over £600 – we must transfer your judgment to the High Court Enforcement Officer to enforce.
Costs incurred at stage 3 – our costs for assisting you with enforcing your debt, is detailed on the following downloadable pdf.
Fixed Costs: pdf |
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