We are a specialised team within the litigation
department at Wake Smith solicitors. We
have over 15 years experience in recovering
debts which has helped us to form an efficient
system of working. Our aim is to provide
an efficient and economical service whilst
maintaining a friendly and personal approach
to our clients.
If you have troublesome clients who don’t
pay on time, or do not pay at all, we will
be able to help you. The quicker you take
debt recovery action, the higher your chances
of recovery.
What we do
Pre-Legal
- “Letters Before Action” – this
will demand payment in full within 7 days.
- “Monitoring instalments” -
we will monitor instalment payments for
you if you agree an instalment plan with
the debtor
Court proceedings
Don’t worry if you don’t
have any knowledge of the court system,
we will advise you at every stage and keep
you informed of the progress of your case.
- Issuing - we will draft proceedings
and arrange for them to be issued and served
by our local Court. We will also calculate
the interest amount that you are entitled
to recover.
- Judgment and Enforcement - once
we have obtained Judgment we can look to
enforce it against the debtor and recover
your money.
Here are three of the options available;
(1) Bailiff/Sheriff - a County Court Bailiff
or High Court Enforcement Officer will
be instructed to attend the debtor’s
premises to try to extract payment or remove
the goods to the value of the debt owed.
(2) Attachment of Earnings – if
the debtor is in employment we can obtain
an order for instalments to be taken directly
from his or her wage.
(3) Charging Orders - if the debtor owns
property we can obtain a charge over it.
- Defended Litigation - If your
debt becomes defended, we can transfer
your matter to one of our experienced colleagues
in the litigation team.
Please note that the above is only a basic
overview of what we do. If you think you
have a more complex matter, please do contact
us to discuss the case, as we have experience
in all areas of debt recovery including
insolvency and overseas debts.
How much will it cost?
- Letter Before Action - If we
do not recover the debt on the letter before
action, this letter is free. If we do recover
the debt the charge will be either £20
(+VAT) or 2% of the amount recovered.
- Issuing a Claim - You will initially
be asked to pay the court fee and costs
involved in issuing a claim and enforcing
a judgment. However these are added to
the debt and are recoverable from the debtor.
- Once we have issued the claim,
our fee increases to 3% of the amount recovered.
To discuss our services in more detail,
please call Louisa Kearns or Jane Marsden
on 0114 266 6660 or email louisa.kearns@wake-smith.com
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