Why Us

We have an experienced team who can assist you with recovering both disputed and undisputed debts – please see our team profile page for more details of each individual team member’s qualifications and experience.  Our Dispute Resolution team is supervised by Jagdip Bains who is a director and Head of Dispute Resolution and Employment.

This page covers our pricing for undisputed debt recovery – please get in touch to find out more about our fee structure for pursuing disputed debts. We pride ourselves on our exceptional customer care skills enabling you to send out the right message and retain the goodwill of your customers whilst recovering outstanding payments.

We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with debtors. We have tried and tested processes in place to ensure we can recover undisputed debts quickly, efficiently and cost-effectively, with transparent fixed fees.

We are proud to hold Lexcel Accreditation, issued by the Law Society. This involves the company undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

We appreciate that the fees involved in debt recovery are important to you. We review our fees on a regular basis, considering client’s feedback, to ensure we continue to offer a cost-effective debt recovery service.

We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction.  These costs apply for unpaid and undisputed payment of invoice(s). If during the debt recovery process, the matter becomes disputed or enforcement action is required (where you need to appoint a bailiff), we will discuss the change in fees with you and agree a way forward.

We charge fixed fees for sending an initial letter before action, the value of the fixed fee will depend on the number of instructions we receive from you.  Typically, the cost of sending the initial letter will start from £100.00 plus VAT per letter.

You can claim interest and compensation and we will advise you of the applicable rates.

As an alternative to a letter, we can start insolvency proceedings by first sending a statutory demand if your debt exceeds £750.00 if owed by a company or £5,000 if owed by an individual. The debt must be undisputed. Our costs of sending a statutory demand start from £550.00 plus VAT. If further insolvency action is required, we shall provide a bespoke fixed fee for this.

If payment is not made, we can apply a court judgement, our fixed fee for applying for a judgement will be £50.00 plus VAT of which £22.00 will be recoverable from debtor.

Exclusions

Our fees are fixed and include items detailed above, however there may be factors which would typically increase the cost of the fees. Where there is likely to be any additional cost, we will tell you at the earliest opportunity and give you a clear estimate of those extra costs.

Factors that may lead to an increase in cost include:

• Enforcement proceedings
• Instructing a Bailiff

Time Scales

A typical debt recovery will take between 2 to 6 weeks, from instruction through to payment from the other side. This may be quicker or longer depending on whether we are required to issue a claim and whether the other side pay promptly on receipt of any Judgement issued by a court. As detailed above, if enforcement action is required, we will discuss the fees and timescales involved.

Key Milestones

With every transaction there are key milestones, which may vary according to individual circumstances. Our fee will include these milestones and may be as follows:

• Taking your instructions and reviewing documentation
• Undertaking appropriate searches
• Issuing a letter before action requesting payment from the debtor
• Receiving payment and sending this on to you
• Drafting and issuing a claim form to the relevant court if the debt is not paid
• Applying to the court to enter a Judgement in Default if the debtor fails to respond to court proceedings
• Contacting the other side to request payment where a Judgement in Default has been issued by the court

With every transaction there are key milestones, which may vary according to individual circumstances. Our fee will include these milestones and may be as follows:

• Taking your instructions and reviewing documentation
• Undertaking appropriate searches
• Issuing a letter before action requesting payment from the debtor
• Receiving payment and sending this on to you
• Drafting and issuing a claim form to the relevant court if the debt is not paid
• Applying to the court to enter a Judgement in Default if the debtor fails to respond to court proceedings
• Contacting the other side to request payment where a Judgement in Default has been issued by the court

Face-to-face not faceless…

Working out fees and the options for dealing with debt recovery and disputes can be tricky; it will vary according to individual circumstances. We have a dedicated enquiries team who specialise in providing jargon free, initial advice to help you get the information you need, so there are no surprises down the line. Call us on 0800 118 1500, or email enquiries@talbotslaw.co.uk.