Business debt collection
Ironmonger Curtis offers a special service for chasing business debts, such as unpaid invoices, of up to £10,000
Many people will be familiar with the rule that if you sue someone and win, the other party is normally ordered to pay your legal costs. However, where the amount being claimed is £10,000 or less, that rule does not apply. Costs therefore should be a significant consideration for businesses considering whether to instruct solicitors to commence debt collection services for them.
For this reason, we can offer a fixed fee litigation service which we can agree at the outset of your debt recovery matter. This enables you to make a commercial decision on the value of pursuing a debt when weighing the cost of pursing it against your potential recovery.
Examples of our business debt recovery prices include:
1. Correspondence before court: Fixed Fee: £85.00 plus VAT
Includes an initial review, first letter to the other party, considering their response and advising you on the next steps.
2. Court proceedings
|VALUE OF CLAIM||OPTION A
We prepare the claim for you to issue, and you then deal with the claim yourself.
We handle everything from preparing the claim right up to settlement or the court giving its judgment.
|Up to £5,000||From £250 plus VAT||Our fees: From £850 plus VAT plus court fees up to £540 and disbursements|
|£5,001 to £7,500||From £350 plus VAT||Our fees: From £1,500 plus VAT plus court fees up to £810 and disbursements|
|£7,501 to £10,000||From £450 plus VAT||Our fees: From £1,750 plus VAT plus court fees up to £810 and disbursements
We are happy to offer these fixed fees on straightforward matters with limited documentation. Please speak to us about funding options where there might be considerable documentation, or the matter is particularly complicated, and we will always try to agree a fixed fee for our Small Claims litigation services where appropriate.
Although these fixed fees do not include the cost of enforcement action if the Defendant fails to pay (even after you settle or obtain judgment) we are happy to consider further fixed fees for enforcement.