Debt Collection

In these tough financial times many Companies and individual are experiencing debt problems …. yes bad paying Clients and customers, at Baileys we have a proven track record of a high success rate  in getting these bad payers to cough up immediately. We offer a competitive hourly rates for pursuing your debtors, unless it is a Court Claim below and it is sometimes a small price to chase a debt and collect it successfully rather than writing it off completely. Why not use us to increase the collection of your revenue?

Court Claims

These costs apply where your claim is in relation to an unpaid invoice which is not disputed, and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Debt Value

Court Fee

Our Fee (inc VAT unless stated)

Total

Up to £5,000

£205.00

£720 (£120 VAT)

£925.00

£5,001 - £10,000

£455.00

£1,440 (£240 VAT)

£1,895.00

£10,001 - £20,000

5% value of claim

£1,800 (£300 VAT)

Value of Claim

£20,001 - £50,000

5% value of claim

£3,600 (£600 VAT)

Value of Claim

£50,001 - £100,000

5% value of claim

£12% plus VAT value of claim

Value of Claim

Anyone wishing to proceed with a claim should note that:

The VAT element of our fee cannot be reclaimed from your debtor.

Interest and compensation may take the debt into a higher banding, with a higher cost.

The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

Taking your instructions and reviewing documentation

Undertaking appropriate searches

Sending a letter before action

Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim

Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default

When Judgement in default in received, write to the other side to request payment

If payment is not received within 28 days, providing you with advice on next steps and likely costs

Matters usually take 8-12 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

Why Use Baileys Solicitors?

Why use Baileys Solicitors?

We are a forward thinking firm of proactive solicitors, who deal with matters efficiently and effectively with our charges being very reasonable on all matters. 

Whilst based in Brackley, we are also available in Oxford, and in particular we are competitively priced on all Property matters.

Contact us today..