Debt Recovery Legal Fee Schedule For Debts of up to £10,000
Staging Post *
|Letter of claim||£250|
|Letter of claim but pre issue||£500|
|Issue of Proceedings||£1,000|
|Issue and default judgement||£1,250|
|After defence but before trial||£2,000|
Debt Recovery Legal Fee Schedule For Debts of over £10,000 and up to £25,000
|Letter of claim||£750|
|Letter of claim but pre issue||£1,500|
|Issue of Proceedings||£2,000|
|Issue and default judgement||£3,000|
|After defence but before trial||£6,000|
Debt Recovery Legal Fee Schedule For Debts of over £25,000 and up to £100,000
|Letter of claim||£2,000|
|Letter of claim but pre issue||£4,000|
|Issue of Proceedings||£6,000|
|Issue and default judgement||£9,000|
|After defence but before trial||£18,000|
If payment is not received post judgement costs of recovery action are charged out £200 per hour plus VAT and plus High Court Enforcement Officer fees and a quote will be provided in each case.
All debt recovery work is undertaken by Dominic Moss, Solicitor. In addition to our charges you may have to pay disbursements such as Court fees which are typically about 5% of the debt you are seeking to recover. If the debtor refuses to pay and a High Court Enforcement Officer is required you will have to pay their costs which are likely to exceed £500 and may be substantially more depending on the circumstances. You will be informed and asked to approve these costs before they are incurred.
* The amount we charge is based on the staging post that you reach. The figures are not cumulative. e.g a case where the debt is less than £10,000 and which settles after the proceedings are issued our fee will be £1,000.
Probate matters are charged at 2% of the total value of the estate before and tax. So, for example an estate of £600,000 our fees would be £12,000. There is a minimum charge of £3,000. Our fees are plus and disbursements you have to pay out for such as estate agents fees, legal notices, travel and court fees.
All fees quoted are Plus VAT at 20%