Debt Recovery

Debt Recovery

 

Our Team

The Litigation team is led by the Principal solicitor Mr. Carupiah Selvarajah who has 37 years of experience since admission as a solicitor alongside support from a Trainee Solicitor with over a year’s experience and a paralegal with less than a year’s experience.

At Selvarajah & Co, we bring years of expertise in managing debt-related issues, including the drafting of loan agreements. Our extensive experience extends to representing clients in debt litigation cases at both the County Court and High Court levels.

 

FEES

To obtain an estimate of our pricing for business-to-business debt that is undisputed, please refer to the table shown further below. The fees quoted only relate to unpaid invoices which are not disputed.

The figures quoted in the below table are rough estimates and we will discuss the appropriate fees with you when taking your individual instructions. Please note, if the other party disputes your claim at any time, the fees will need to be revised, any further work with you will need to be discussed and you will be advised accordingly.

We may charge on a fixed fee basis as shown in the table below, depending on the type of work you require, or an hourly rate of £270 (no VAT) if more detailed work is necessary.

NOTE: We are not VAT registered therefore the fees quoted below do not attract VAT and represent the fees after taxes. Additionally, the fees do not cover disbursements. Please see further below for information regarding disbursements fees.

 

DEBT VALUE

COURT FEE

OUR FEE RANGE

(VAT Not Applicable)

TOTAL

Up to £5,000

£35-£205

£1,000-£2,000

£1035- £2205

£5,001-£10,000

£455

£2,000-£3,500

£2455 – £3455*

£10,001-£50,000

5% of the claim

£3,500-£6,000

£TBC* (Max £8,500)

£50,001-£100,000

5% of the claim (max fee £10,000)

£6,000-£10,000

£TBC* (Max £20,000)

 

*depends on the total debt value

Our fees include:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending on to you if debt is paid
  • If debt is unpaid, drafting and serving/issuing a statutory demand or a Claim Form
  • Where no Acknowledgment of Service or Defense is received, applying to the court to enter Judgment in default
  • When judgment in default is obtained, writing to the other side to request payment

 

Disbursements

Disbursements are costs (i.e., expense), related to your matter that are payable to third parties. All above quoted fees do not include disbursements.

Disbursement fees range in price depending on the type of case. Find below a list of potential disbursements that may be payable in addition to the above quoted fees:

  • Barristers’ fees – range between £1,000-£3,000 (plus VAT) per day, depending on the advocate’s experience and seniority

How long will it take

Providing an accurate time estimate is challenging, especially in the wake of the COVID-19 pandemic, which has led to a significant backlog of cases in the courts. Consequently, even the issuance of straightforward documents is currently taking much longer than before.

Typically, matters can be resolved within 6 weeks from the receipt of your instructions to the receipt of payment from the other side, assuming it is not necessary to issue a claim. This timeline is based on the prompt entry of a default judgment and timely payment by the other side upon receipt.

However, numerous factors can influence this process, and any time estimate should be treated with caution.

 

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