From 01 October 2017 the debt recovery process was updated. The process has been slowed slightly, and the person owed money is expected to take a more detailed and structured approach to the way in which they pursue recovery of their debt.
It is vital that you do not make a mistake during this process, and so we would encourage you to seek legal advice at the outset. There are various options raining from statutory demands, winding up petitions, bankruptcy petitions, court proceedings or mediation. We will discuss the full range with you, explaining each in detail.
We offer a range of fee paying options, and these will be discussed with you during your initial consultation. Wherever we can, we try to offer our clients the choice of a fixed fee service or a 'no recovery no fee' service. Where available, the 'no recovery no fee' service is calculated as follows:-
||Our deducted fee
|£0 - £20,000
|£20,001 - £50,000
It might be necessary to incur dsibursements such as court fees as part of the process of recovering your debt. Here is a link to the gov.uk website
which sets out the expected court fees.
It may also be necessary to consider additional steps such as winding up petitions, bankruptcy proceedings, statutory declarations, and enforcement. These will all incur additional fees and disbursements which we will discuss with you and when the need arises.
Our lead debt recovery solicitor is Peter Skinner, with contributions from litigation solicitor Craig Welsby.