We now offer a fixed fee debt recovery service for non-disputed claims. The advantage of a fixed fee service is that you will know exactly how much it is going to cost you to recover your debt from the outset and you won’t face any unexpected legal bills. Our fees are highly competitive and comparable with any online or bulk debt collection agency but you will also get the personal professional service we pride ourselves on.
Upon your instructions we will write to your debtor giving them 7 days in which to pay before court action will be taken. If the debt arose as a result of both you and your debtor acting in the course of business then this letter may include a calculation for interest and compensation under the Late Payment of Commercial Debts (Interest) Act 1998. Prior to the issue of proceedings you will only incur our charges for the letters if we recover all or part of your debt.
To avoid court proceedings many debtors will pay immediately upon receipt of a solicitor’s letter. However, if upon expiry of the 7 days the debtor has still failed to pay then we will commence court proceedings once we have your instructions to proceed.
Going to court is always a last resort but is sometimes unavoidable if your debtor fails to pay. If there is a genuine dispute as to the amount you wish to claim then it will not be appropriate to issue proceedings upon the expiry of the 7 day letter before action. Instead, we will need to take other action to see if the matter can be resolved without the need for it to be taken to court. In these circumstances we would charge at a our standard and still competitive hourly rate.
Please see the attached fee calculator which applies to non-disputed straight forward claims. Remember that as the whole service is charged at fixed fees you can calculate exactly how much each stage will cost.
Whether you are owed £50 or £50,000; the matter is straightforward or disputed; we can help you recover your debts and thereby increase your cashflow and the efficiency of your business.
For more information please contact James Harvey on james.harvey@neves-solicitors.co.uk or 01908 304560.
