Debt Recovery
Our debt collection lawyers will never give up and we don’t take no for an answer
Debt Recovery
Our debt collection lawyers will never give up and we don’t take no for an answer.
This is why our debt litigation lawyers are in high demand.
Chasing customers and companies who owe you money can be highly time-consuming as well as frustrating and often unsuccessful.
Here we balance the impact of bad debts against the cost of recovery. Our service is customised to each individual client. You might be eligible for a conditional fee agreement or an agreement whereby our fees are paid from the amount recovered.
We use the latest information available to build a profile of your opponent in order to advise on the best route for effective cash recovery.
Sometimes simply writing a letter before action can lead to prompt payment. But if this doesn’t produce a good result our team is ready to enact the next steps in pursuing payment
Section 123 Insolvency Act demands
Pre-action collection
County Court proceedings
High Court enforcement
Winding-up
High value debts
Fixed fee enforcement of CCJs
Recovery of 1998 & 2013 late payment compensation, interest and costs
Costs
The cost of debt recovery matters depends on whether the matter is disputed or not and the necessary steps that will need to be taken.
To initiate the process which includes taking instructions, preparing a Letter Before Action and the initial communications between the respective parties, usually costs around £600 plus VAT, this sum is subject to change depending on the next action we will need to take. If you need an inexpensive option, please speak with us.
The next steps could include issuing Court proceedings which could mean that you would pay disbursements such as a Court fee & Hearing fees which vary depending on the total sum of monies you are owed. Please be aware that Court fees do not attract VAT, however, there may be disbursements which we will discuss with you in depth that could attract VAT at the rate of 20%.
Our current rates range from £126 per hour (excluding VAT) for our legal assistants to £255 per hour (excluding VAT) for our most experienced solicitors.
We do offer No Win, No Fee Agreements, we are happy to discuss whether we can take on your matter under such agreement, however, we must advise that you would have to pay for disbursements such as those stated above.
If you wish to discuss any of our costs further, please do not hesitate in contacting us.
Bellavia & Associates | Expert Commercial Litigation
Bellavia & Associates are professional litigators with extensive experience helping clients with their commercial and private disputes. We are proud of our excellent client satisfaction. For a free initial discussion of how we could assist you, please contact us..