debt-recovery

Debt Recovery

To survive in business, the ability to collect overdue monies is of paramount importance. Here at Kaizen Law, we understand that receiving payments from clients isn’t always an easy task and that spending money on getting back a bad debt may be risky. This is why we can work on a fixed-fee basis, so the costs are clear at all times.

We set the standards that are shaping the future of the industry with our commitment to ethics, transparency and compliance. At Kaizen Law we are committed to client management and innovation, ensuring the highest levels of accountability. Ensuring that we reduce risks for clients, customers and agents alike.

Our solicitors understand the need to act quickly and decisively to recover what is owed to you when the dialogue between you and your customer breaks down. Therefore, once we are on the case we have dedicated and enthusiastic staff and highly efficient processes in place to take the burden off you and work towards a speedy and satisfactory conclusion.

Additionally, we will advise you on the best methods of getting your money back while considering commercial benefits and giving you more options. You will have your own terms of payment as this varies between corporations.

Kaizen Law Debt Recovery solicitors are highly experienced in recovering debt and they can assist you on bankruptcy proceedings, enforcement of judgements, issue of county court claims, issue of statutory demands, letters before action and winding-up proceedings.

With a high success rate, our integrated intelligence-led approach drives smarter services and provides clients with absolute confidence in the efficiency and effectiveness of our services with improved results that make our services better value by design.

With the presence of a law firm like Kaizen Law behind you, is often enough to show you mean business with your debtors.

Our Fees

The *fee scale outlined below is calculated on the basis of issuing an individual claim for an unpaid invoice which is not disputed and not subject to enforcement action. We will give you an accurate estimate once we understand the scope of your claim. Please contact us if you have a portfolio of claims. All work is undertaken by a team of paralegals supervised by a qualified Solicitor.

 

Value of claim

(NB Interest and compensation may take your debt into a higher banding)

Fee scale (including VAT)

(NB VAT is not recoverable from your debtor)

Up to £10,000 £96 – £480
£10,001 – £50,000 £840 – £1080
£50,001 – £100,000 £1440
£100,001 and above Please get in touch with us

 

 

The prices above do not take into account any costs payable to a third party such as court fees https://www.gov.uk/court-fees-what-they-are

Fees include:

  • Taking instructions and reviewing documents
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment on your behalf and passing it to you
  • Drafting and issuing claim if debt not paid
  • Applying to the court to enter judgment in default if no Acknowledgement of Service or Defence is received
  • Requesting payment when judgment in default is received
  • Advising on next steps if payment not received within a reasonable time frame (usually 14 days)

Disputed debt

If the debt is disputed, the fixed fees above will not apply. If you have a disputed debt, our litigation team will advise on the work involved and the likely cost. This will depend on a number of variables including the number of witnesses, the complexity of the defence raised, the amount of documentation to be reviewed, any counterclaims, any commercial objectives (including other disputes rolled up with the defended claim), and the parties involved.