Debt Recovery Costs | Debts Under £10,000
Forbes Collect provide a nationwide commercial debt recovery service for businesses across all sectors.
More about Debt Recovery Costs
We specialise in the recovery of undisputed, invoice-based debt, contracted in England or Wales and against debtors based in the UK.
Where applicable, we will add interest and late payment compensation to the debts claimed, which is lawfully recoverable from the debtor.
Whether you need our help with pre-litigation or with Court proceedings, our expert debt recovery solicitors offer reasonable debt recovery costs as well as an efficient service.
How much does debt collection cost?
How much debt collection costs will depend on what you need to recover the debt. We offer fixed fee debt collection that is reasonable and competitive. We have three main breakdowns for our debt collectors' fees:
Pre-action steps
Court Proceedings
Enforcement
Our debt collection costs can be covered by the compensation and interest we add to each late invoice. We find that the vast majority of debt is settled during the pre-action stage. If you need our help with collecting late payments contact our debt recovery solicitors on 0800 689 4176.
How much does debt collection cost?
How much debt collection costs will depend on what you need to recover the debt. We offer fixed fee debt collection that is reasonable and competitive. We have three main breakdowns for our debt collectors' fees:
Pre-action steps
Court Proceedings
Enforcement
Our debt collection costs can be covered by the compensation and interest we add to each late invoice. We find that the vast majority of debt is settled during the pre-action stage. If you need our help with collecting late payments contact our debt recovery solicitors on 0800 689 4176.
Debt collection legal fees
See below details of these debt collection legal fees, all of which are subject to VAT at 20%.
1. Pre-Action Steps
| Debt Amount | Fees Charged |
|---|---|
| Debts under £500.00 | £50.00 |
| £500.00 - £5,000 | 10% of any monies recovered on your behalf |
| £5,001 - £9,999.99 | 6% of any monies recovered on your behalf |
2. Court Proceedings
| Debt Amount | Court Issue Fee | Our Fee |
|---|---|---|
| Up to £300 | £35.00 | £50.00 |
| £301 - £500 | £50.00 | £50.00 |
| £501-£1,000 | £70.00 | £70.00 |
| £1,001 - £1,500 | £80.00 | £80.00 |
| £1,501 - £3,000 | £115.00 | £100.00 |
| £3,001 - £5,000 | £205.00 | £200.00 |
| £5,001 - £10,000 | £455.00 | £350.00 |
This includes issuing County Court proceedings and defending debts.
2.1 Securing Judgment
| Debt Amount | Our Fee |
|---|---|
| Up to £5,000 | £50.00 |
| Over £5,000 | £100.00 |
2.2 Defended Debts
| Work Required | Our Fee |
|---|---|
| Defended Review | £250.00 |
| Filing the Directions Questionnaire at Court | £75.00 |
3. Enforcement
| Action | Our Fee | Court Fee | Other Disbursements |
|---|---|---|---|
| Higher Court Enforcement Officer/County Court Bailiffs | HCEO - £100.00 CCB - £50.00 | £HCEO - £71.00 CCB - £83.00 | |
| Charging Order | £300.00 | £119.00 | £23.00 Land Registry fees (VAT exempt) |
| Attachment of Earnings | £200.00 | £119.00 | |
| Third Party Debt Order | £300.00 | £119.00 | Advocates fee (TBC) |
| Order to Obtain Information | £300.00 | £59.00 |
These debt recovery costs will include any enforcements we may need to take to recover the money owed to you after Court proceedings have taken place.
3.1 Insolvency/Bankruptcy of a Debtor
| Action | Our fee | Court fee | Other Costs |
|---|---|---|---|
| Statutory Demand | £150.00 + VAT | Process servers fee - £100.00 |
Our dedicated Forbes Collect team
Contact Us
0800 689 3206 - Monday - Friday: 09:00 - 17:00
Please note that our offices will be closed from midday, Friday 20th December 2024
The offices will be open as usual on Monday 23rd December 2024.
The offices will then be closed from Tuesday 24th December through to Wednesday 1st January (inc), reopening as usual from 2nd January 2025.
The emergency contact number during this time is - 01772 220022 or 01254 675050.