ERFOLG Solicitors
Covers every facet of the legal work authorities!
Debt Recovery
| Debt value | Court fee | Our fee (incl. VAT) | Total |
|---|---|---|---|
| Up to £205 or £185 | £750 (£150 VAT) Fixed fee | £1,105 | |
| £5,001 – £10,000 | £455 or £410 | £1,500 (£300 VAT) Fixed fee | £2,255 |
| £10,001 – £100,000 | 5% or 4.5% value of the claim | 25% value of the claim (incl. VAT) | £Court fee + our fee |
Our fees stated above excluding VAT are fixed fees:
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 4-26 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether 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.
Patrick Opurum – Principal is the head of the debt recovery team. Patrick qualified as a Solicitor in 2012 and has gained over 9 years’ experience in dealing with debt cases at CAB in Barking where he effectively dealt and advised about debts cases for individuals and businesses and has assisted businesses on obtaining results.
Our Debt Recovery Team/Individual Details
Patrick Opurum – Principal
Patrick is the head of the debt recovery team. Patrick qualified as a Solicitor in 2012 and has gained over 9 years’ experience in dealing with debt cases at CAB in Barking where he effectively dealt and advised about debts cases for individuals and businesses and has assisted businesses on obtaining results.