{"id":1737,"date":"2024-04-15T09:15:45","date_gmt":"2024-04-15T08:15:45","guid":{"rendered":"https:\/\/infinitelaw.co.uk\/?page_id=1737"},"modified":"2024-04-15T09:29:35","modified_gmt":"2024-04-15T08:29:35","slug":"debt-recovery-costs","status":"publish","type":"page","link":"https:\/\/infinitelaw.co.uk\/debt-recovery-costs\/","title":{"rendered":"Debt Recovery Costs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1737\" class=\"elementor elementor-1737\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e0b8683 elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"6e0b8683\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5708e3cd\" data-id=\"5708e3cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d69d39b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d69d39b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5880f0ac\" data-id=\"5880f0ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03df18e elementor-widget elementor-widget-heading\" data-id=\"03df18e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Debt Recovery<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-129dc3d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"129dc3d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-block-end:0;flex-grow:1;border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left 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.elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-end .elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e3b56e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e3b56e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7fbbab\" data-id=\"f7fbbab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4eedcad elementor-widget elementor-widget-text-editor\" data-id=\"4eedcad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3>Debt Recovery Costs<\/h3><p>\u00a0<\/p><p>In an ever changing economic climate one thing\u00a0that will always have a negative affect on a business is when a client, customer or contractor fails to pay for a service. At Infinite Law we provide\u00a0a\u00a0low cost,\u00a0reliable and\u00a0effective\u00a0debt recovery\u00a0solution.\u00a0For more information\u00a0about our debt recovery service call\u00a0<a href=\"tel:03332004071\"><strong>0333 200 <\/strong><strong>8773<\/strong><\/a>.<\/p><p>Should further action be required we\u00a0can help you every step of the way, whether\u00a0issuing legal proceedings or even\u00a0bankruptcy and\u00a0winding up proceedings. For more information please\u00a0do\u00a0not hesitate to contact us. \u00a0<\/p><hr \/><h4><b><span data-contrast=\"none\"><br \/>Fixed price debt recovery &#8211; what does it cost?<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h4><p>These costs apply where your claim relates to an unpaid invoice or invoices which are 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 which might be on a fixed fee or an hourly rate. The fixed fees set out below do not include giving you any advice about your claim.<\/p><p>Disbursements are payments which we make to third parties arising in the course of providing our services.\u00a0 VAT is charged at the prevailing rate, currently 20%.<b><\/b><\/p><hr \/><h4><b><span data-contrast=\"none\"><br \/>Stage 1: Pre-action<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h4><p><strong>Letter before action<\/strong><\/p><p>Is it a company debt or individual\/sole trader?<\/p><p><strong>Company<\/strong>\u00a0&#8211; letter before action: No charge<\/p><p><strong>Individual\/sole trader<\/strong>\u00a0&#8211; letter of claim: No charge<\/p><p>Letters before action sent to companies usually require the debtor to pay within either 7 or 14 days, but letters to individuals provide for a 30 day period in accordance with guidelines laid down by the court<\/p><hr \/><h4><b><span data-contrast=\"none\"><br \/>Fixed fees for pre-action assistance<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h4><p><b><span data-contrast=\"none\">Second letter of demand<\/span><\/b><span data-contrast=\"none\">: \u00a325\u202fplus VAT<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"none\">Review and advice if response received from debtor<\/span><\/b><span data-contrast=\"none\">: \u00a350\u202fplus VAT<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"none\">Preparing detailed reply to debtor and final demand or offer of settlement<\/span><\/b><span data-contrast=\"none\">: \u00a3105\u202fplus VAT<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"none\">Negotiating settlement\/instalment plans and drafting settlement agreement<\/span><\/b><span data-contrast=\"none\">: \u00a3175 plus VAT<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><hr \/><h4><b><span data-contrast=\"none\"><br \/>Pre-action advice on recovery<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\"> and assistance<\/span><\/h4><p><strong>Fixed fees for pre-action assistance<\/strong><\/p><p><strong>Pre-action advice on recovery<\/strong><\/p><p>We offer a fixed fee service to review your invoices and contract and advise you on the most effective method of recovery; the options available to you; pre action protocol requirements and your right to receive interest and compensation under the Late Payment of Commercial Debts (Interest) Act 1998.<\/p><p>Our fixed fee for this service is \u00a3175 plus VAT (\u00a335)\u00a0\u00a0 <u>Total: \u00a3210<\/u><\/p><hr \/><h4><b><span data-contrast=\"none\">\u00a0<\/span><\/b><\/h4><h4><b><span data-contrast=\"none\">Stage 2: Court action<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h4><p>Court claims &#8211; issue claims<\/p><table width=\"614\"><tbody><tr><td width=\"160\"><p><strong>Debt<\/strong><\/p><\/td><td width=\"142\"><p><strong>Court Fee<\/strong><\/p><\/td><td width=\"161\"><p><strong>Infinite Law&#8217;s Fee<\/strong><\/p><\/td><td width=\"151\"><p><strong>Total<\/strong><\/p><\/td><\/tr><tr><td width=\"160\"><p>Up to \u00a3300<\/p><\/td><td width=\"142\"><p>\u00a335<\/p><\/td><td width=\"161\"><p>\u00a3100 plus VAT (\u00a320)<\/p><\/td><td width=\"151\"><p>\u00a3155<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a3301 &#8211; \u00a3500<\/p><\/td><td width=\"142\"><p>\u00a350<\/p><\/td><td width=\"161\"><p>\u00a3100 plus VAT (\u00a320)<\/p><\/td><td width=\"151\"><p>\u00a3170<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a3501 &#8211; \u00a31,000<\/p><\/td><td width=\"142\"><p>\u00a370<\/p><\/td><td width=\"161\"><p>\u00a3150 plus VAT (\u00a330)<\/p><\/td><td width=\"151\"><p>\u00a3250<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a31,001 &#8211; \u00a31,500<\/p><\/td><td width=\"142\"><p>\u00a380<\/p><\/td><td width=\"161\"><p>\u00a3150\u00a0plus VAT (\u00a330)<\/p><\/td><td width=\"151\"><p>\u00a3260<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a31,501 &#8211; \u00a33,000<\/p><\/td><td width=\"142\"><p>\u00a3115<\/p><\/td><td width=\"161\"><p>\u00a3150 plus VAT (\u00a330)<\/p><\/td><td width=\"151\"><p>\u00a3295<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a33,001 &#8211; \u00a35,000<\/p><\/td><td width=\"142\"><p>\u00a3205<\/p><\/td><td width=\"161\"><p>\u00a3180 plus VAT (\u00a336)<\/p><\/td><td width=\"151\"><p>\u00a3421<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a35,001 &#8211; \u00a310,000<\/p><\/td><td width=\"142\"><p>\u00a3455<\/p><\/td><td width=\"161\"><p>\u00a3250 plus VAT (\u00a350)<\/p><\/td><td width=\"151\"><p>\u00a31,005<\/p><\/td><\/tr><tr><td width=\"160\"><p>\u00a310,001 &#8211; \u00a3200,000<\/p><\/td><td width=\"142\"><p>5% of claim<\/p><\/td><td width=\"161\"><p>\u00a3600 plus VAT (\u00a3120)<\/p><\/td><td width=\"151\"><p>5% of claim plus \u00a3720<\/p><\/td><\/tr><tr><td width=\"160\"><p>Over \u00a3200,001<\/p><\/td><td width=\"142\"><p>\u00a310,000<\/p><\/td><td width=\"161\"><p>Bespoke fees apply<\/p><\/td><td width=\"151\">\u00a0<\/td><\/tr><\/tbody><\/table><p>Please note the fixed fee includes the costs to issue the claim and request default judgment, if available. Once the court has served the claim a debtor has 14 days in which to acknowledge service of the claim and then a further 14 days to file a defence. After the 14-day period has expired a request can be made to the court for judgment to be entered. Our fee to draft and submit your request for default judgment is included within our fixed fee for issue.<\/p><hr \/><h4>Anyone wishing to proceed with a claim should note that:<\/h4><ul><li>The VAT element of our fee cannot be reclaimed from your debtor if you are already registered for VAT.<\/li><li>Interest and compensation may take the debt into a higher banding, with a higher cost.<\/li><\/ul><p>Timescale: It usually takes the court about 10 working days to enter judgment following receipt of a request to enter judgment.\u00a0<\/p><hr \/><h4><strong>Additional services if necessary<\/strong><\/h4><p>The price alongside the service is for our legal fees, related third party costs may also be payable for specific services.<\/p><hr \/><h4>Stage<strong> 3: Enforcement<\/strong><\/h4><p>Once judgment has been obtained, enforcement action may be needed to recover the sums awarded by the court.<\/p><p>We will write to the debtor demanding payment of the judgment\u00a0debt and where appropriate inform the debtor of the enforcement action to be taken if payment is not made.<\/p><p>Our fees for these letters are:<\/p><p><strong>Letter demanding payment of judgment<\/strong>: \u00a320\u00a0plus VAT (\u00a34)\u00a0 <u>Total: \u00a324 <\/u><\/p><p><strong>Letter to Company Debtor warning of intention to present Winding Up Petition<\/strong>:<\/p><p>\u00a0\u00a340\u00a0plus VAT (\u00a38)\u00a0\u00a0 <u>Total: \u00a348<\/u><\/p><p>If you require a detailed advice on the enforcement options available to you we will provide that advice for a fixed fee of \u00a375 plus VAT (\u00a315)\u00a0 <u>Total: \u00a390<\/u><\/p><hr \/><h4>Enforcement proceedings<\/h4><p><strong>Writ of control<\/strong>:\u00a0\u00a385 plus VAT (\u00a317) otherwise known as instructing a High Court Enforcement Officer to seize goods in satisfaction<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a371\u00a0\u00a0 <u>Total if warrant successful: \u00a3174<\/u><\/li><li>HCEO fee &#8211; \u00a390 (including VAT) payable if the warrant is not successful <u>Total: \u00a3264<\/u><\/li><\/ul><p>Timescale:A writ of control may be issued once judgment has been obtained but whether or not any recovery will be made depends on the debtor\u2019s ability to pay and whether there are any assets which may be seized, or whether a repayment agreement is made. A typical enforcement by writ of control may take about 8-12 weeks from instruction. If we are required to enter into correspondence about the enforcement then the matter will no longer be treated as a fixed fee enforcement and additional charges will apply. \u00a0<\/p><p><strong>Warrant of execution<\/strong>:\u00a0\u00a385 plus VAT (\u00a317)\u00a0<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a383<\/li><\/ul><p><u>Total: \u00a3185<\/u><\/p><p>Timescale: As above<\/p><p><strong>Attachment of earnings<\/strong>:\u00a0\u00a3250 plus VAT (\u00a350)<\/p><p>This is applicable in cases where the attachment of earnings is obtained without a hearing or further applications\/revisions to deal with debtors who have not been found or their employment has changed.<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a3119<\/li><\/ul><p><u>Total: \u00a3419<\/u><\/p><p>Time scale: An attachment of earnings order can sometimes be obtained within about 6-8 weeks of the application for an attachment of earnings order being issued by the court.<\/p><p><strong>Charging order<\/strong>: \u00a3300 plus VAT (\u00a360) (excluding hearing)<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a3119<\/li><li>Agent\u2019s fee for attendance at court if necessary &#8211; depends on location<\/li><li>Registration of charging order &#8211; \u00a340<\/li><li>Search fee &#8211; \u00a311<\/li><\/ul><p><u>Total \u00a3530 plus Agent\u2019s fee for attendance at court<\/u><\/p><p>Timescale: An interim charging order can sometimes be obtained within about 2-3 weeks of application being made to court. The timescale for the final charging order will depend upon whether the debtor files an objection and if the Court lists the case for a hearing. Without any objections or a hearing it would be a further 4-6 weeks.\u00a0<strong>\u00a0<\/strong><\/p><p><strong>Third party debt order<\/strong>: \u00a3300\u00a0plus VAT (\u00a360)<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a3119<\/li><li>Agents fee for hearing &#8211; depends on location<\/li><\/ul><p><u>Total: \u00a3479 plus Agent\u2019s fee for attendance at court<\/u><\/p><p>Time scale: A third party debt order can sometimes be obtained within about 8-12 weeks of the application being issued by the court.<\/p><p><strong>Order that debtor attends court for questioning\/oral examination<\/strong>:\u00a0\u00a3300\u00a0plus VAT (\u00a360)<\/p><p><strong>Related third party costsCourt fee &#8211; \u00a3119<\/strong><\/p><ul><li>Agent fee for hearing if required &#8211; depends on location<\/li><li>Process server &#8211; up to \u00a3150 plus VAT<\/li><\/ul><p><u>Total: \u00a3479 plus Agent\u2019s fee for attendance at court plus Process server\u2019s fee<\/u><\/p><p>Time scale: The debtor will usually be required to attend court for questioning within about 8-12 weeks of the application being made.<\/p><hr \/><h4><strong>Insolvency proceedings<\/strong><\/h4><p><strong>Issue of statutory demand for companies and individuals<\/strong>: \u00a3200 plus VAT (\u00a340)<\/p><p>Related third party costs<\/p><ul><li>Process server fee &#8211; up to \u00a3250 plus VAT<\/li><\/ul><p><u>Total \u00a3240 plus Process server fee <\/u><\/p><p>Timescale: A statutory demand should only be made where the debt is not disputed for example where there is a judgment or an admission that the debt is due. A statutory demand can be prepared on receipt of instructions and is then usually sent to a process server for personal service. Personal service generally takes about 1-2 weeks via a process server.<\/p><hr \/><h4><strong>Bankruptcy proceedings<\/strong>:\u00a0\u00a3950 plus VAT (\u00a3190)<\/h4><p>This is applicable to cases where the matter is determined at the first hearing, there are no issues with regards to service and is only applicable in cases whereby the debt is not disputed or if a court judgment has been obtained which has not been set aside or appealed.\u00a0<\/p><p><strong>Related third party costs:<\/strong><\/p><ul><li>Process server &#8211; up to \u00a3250 plus VAT<\/li><li>Court fee &#8211; \u00a3302<\/li><li>Deposit &#8211; \u00a3990<\/li><li>Agent for hearing &#8211; depends on location<\/li><li>Search fee &#8211; \u00a311<\/li><\/ul><p><u>Total: \u00a32,443 plus Process server fee plus Agent\u2019s fee for attendance at hearing <\/u><\/p><p>Time scale: A bankruptcy order can usually be obtained within about 8-12 weeks of the petition being issued by the court.<\/p><hr \/><h4><strong>Company winding up<\/strong>:\u00a0\u00a3950 plus VAT (\u00a3190)<\/h4><p>This is applicable to cases where the matter is determined at the first hearing and is only applicable in cases whereby the debt is not disputed or if a Court judgment has been obtained which has not been set aside or appealed.\u00a0<\/p><p><strong>Related third party costs<\/strong><\/p><ul><li>Court fee &#8211; \u00a3302<\/li><li>Petition deposit &#8211; \u00a31,600<\/li><li>Process server &#8211; up to \u00a3250 plus VAT<\/li><li>Agent fees for hearing- depends on location<\/li><li>Advertisement in London Gazette &#8211; \u00a3101.52<\/li><\/ul><p><u>Total: \u00a33,143.52 plus Process server fee plus Agent\u2019s fee for attendance at hearing<\/u><\/p><p>Time scale: A winding up order can usually be obtained within about 8-12 weeks of the petition being issued by the court.<\/p><hr \/><h4><strong><br \/>Fees where the debt is not straightforward or involves more complex issues<\/strong><\/h4><p>If the debt is not straightforward, or involves issues making it more complex, our fees will be higher than the above estimates. We will identify them at the outset where possible although they may not be apparent until some point during the above processes. In these cases, we will discuss any further work required and provide you with a revised estimate of fees as necessary. These additional costs will be based on our hourly rates.<\/p><hr \/><h4>Defended Cases<\/h4><p>For Small Claims cases (i.e. claims with a value of less than \u00a310,000), we can manage your case to trial for a fixed fee (excluding disbursements) of\u00a0<strong>\u00a32,500 + VAT<\/strong> <strong>(\u00a3500) \u2013 Total \u00a33,000.\u00a0 <\/strong>It will usually take\u00a0<strong>between 3 and 12 months<\/strong>\u00a0from filing of a Defence to the final hearing (depending on the court).<\/p><p>For claims that are destined for the Fast Track or Multi Track (i.e. complex cases or those with a value of more than \u00a310,000), we will provide you with a clear costs estimate and likely timescales on a case by case basis.\u00a0 Due to the complexities involved, costs and estimated time scales can only be given once we are able to establish what is involved. We will always provide a clear estimate based on the work that will be required.<\/p><p>Occasionally we will advise you to instruct counsel to advise you\/represent you at Court Hearings. If we do, they will provide an estimate based on the work required. VAT is usually added to counsel\u2019s fees (depending on whether they are registered for VAT or not).<\/p><hr \/><h4><strong><br \/>Person Responsible for the Work<\/strong><\/h4><p>All debt recovery work is carried out by our Director Pauline Mainwaring.\u00a0 Her specific experience can be seen in her individual profile.\u00a0 Her qualification year is 1996 and her hourly rate is \u00a3200 per hour plus VAT @ 20%<\/p><p>We are happy to discuss your individual needs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-115aadfb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"115aadfb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-696996ef\" data-id=\"696996ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-39673a87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"39673a87\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e52736e\" data-id=\"e52736e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-338f417f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"338f417f\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37dd991a elementor-widget elementor-widget-text-editor\" data-id=\"37dd991a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>GDPR:<\/h3><h4>\u00a0<\/h4><h4>For businesses that employ 6 or less people<\/h4><table><tbody><tr><td width=\"301\"><p><strong>Service to include:<\/strong><\/p><p>Gap Analysis<\/p><p>Drafting of Policies and Procedures<\/p><p>Training package<\/p><p>General Advice<\/p><\/td><td width=\"172\"><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a3250 plus VAT (\u00a350) Total \u00a3200<\/p><\/td><\/tr><\/tbody><\/table><p>\u00a0<\/p><h4>For businesses that employ between 7 and 30 people<\/h4><table><tbody><tr><td width=\"301\"><p><strong>Service to include:<\/strong><\/p><p>Gap Analysis<\/p><p>Drafting of Policies and Procedures<\/p><p>Training package<\/p><p>General Advice<\/p><\/td><td width=\"181\"><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a3500 plus VAT (\u00a3100)<\/p><p>Total \u00a3600<\/p><\/td><\/tr><\/tbody><\/table><h4>\u00a0<\/h4><h4>For businesses that employ over 30 people please contact us to discuss a bespoke, competitively priced package.<\/h4><table><tbody><tr><td width=\"301\"><p>\u00a0<\/p><p>In-house training\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2013 4 hour session<\/p><p>(Any UK Location)<\/p><\/td><td width=\"191\"><p>\u00a0<\/p><p>\u00a3250 plus VAT (\u00a350) per training session<\/p><p>Total \u00a3300<\/p><p>(plus travelling expenses)<\/p><\/td><\/tr><\/tbody><\/table><p>Data Protection Officer Service \u2013 please contact us to discuss our competitive prices tailored specifically for your organisation.<\/p><p>\u00a0<\/p><p><em>\u00a0<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Debt Recovery Debt Recovery Costs \u00a0 In an ever changing economic climate one thing\u00a0that will always have a negative affect on a business is when a client, customer or contractor fails to pay for a service. At Infinite Law we provide\u00a0a\u00a0low cost,\u00a0reliable and\u00a0effective\u00a0debt recovery\u00a0solution.\u00a0For more information\u00a0about our debt recovery service call\u00a00333 200 8773. Should further &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/infinitelaw.co.uk\/debt-recovery-costs\/\"> <span class=\"screen-reader-text\">Debt Recovery Costs<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/pages\/1737"}],"collection":[{"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/comments?post=1737"}],"version-history":[{"count":13,"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/pages\/1737\/revisions"}],"predecessor-version":[{"id":1762,"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/pages\/1737\/revisions\/1762"}],"wp:attachment":[{"href":"https:\/\/infinitelaw.co.uk\/wp-json\/wp\/v2\/media?parent=1737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}