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Our
charge
Letters
before action
KJD's standard first solicitors letter before action
is sent free of charge irrespective of the size of the
debt.
If interest is to be claimed under your terms of trading or if interest and a fixed sum are to be claimed under the Late Payment of Commercial Debts (Interest) Act 1998 and Regulations, an additional charge of £10 will be charged for calculations of interest on a number of invoices exceeding 20. There is an additional charge of £10 for each further group of up to 20 invoices.
For details on interest on late payment of commercial debts see FAQ
Issue
of County Court Proceedings and obtaining judgment
We charge a fixed fee
for the issue of County Court proceedings and entry of judgment.
The fixed fee is based on a sliding scale and is calculated in accordance
with the fixed sum awarded by the court. The fixed fee would be between £70 and
£120 depending on the size of the debt. There is also an additional feeof
between £22 and £55 to cover judgement. This is also dependant on the size of
your debt and is reflective of the fixed costs awarded by the court. For example to issue a County Court summons to recover a
debt of £900
we will charge £90 plus the applicable Court fee.
The Court will allow you to recover from the debtor up to £70 plus the
applicable Court fee.
to
issue a warrant of execution
To instruct the High Court Enforcement Officer
Enforcement may also be attempted by way of a charging order, Attachment of earning, Third Part Debt order or by obtaining an order for the debtor to attend court for questioning. Our charge for these methods are calculated on an hourly rate dependant on the complexity and time spent on your behalf.
Insolvency proceedings
We charge £85 to prepare a statutory demand
against an individual, partnership or company plus our agents fees for service of the demand.
If we issue a bankruptcy or
winding up petition and the debt is recovered we also usually recover the
majority of the costs from
the debtor.
However we do not necessarily receive all of our costs from the debtor.
We limit our charges to you to a maximum of £295 over and above what we recover from the debtor.
Where costs are ordered to be paid by the debtor but are not paid or
where a
separate agreement is reached between you and the debtor we reserve the right to
charge all of our costs to you.
Disputed statutory demands and petition proceedings are charged on an hourly rate basis by separate agreement.
Miscellaneous
We may charge additional sums in
circumstances where:
Court fees, disbursements and
VAT (where applicable) are chargeable in addition to the figures quoted
above.
Where possible these are recovered from the debtor.
If proceedings become disputed
we charge our time for work done on an hourly rate basis by separate agreement
with you.
We will always inform you and obtain your agreement before proceedings
and provide our terms for dealing with disputed debts. |
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