Our team of debt specialist have commercial awareness and are experienced in recovery debts owed to businesses and individuals.
Debt Recovery Solicitors
At Mansfield Solicitors & Advocates Ltd we understand the impact an outstanding debt can have on both individuals and business alike.
With a proven track record, our dedicated debt recovery team are here to assist you in the recovery of monies owed to you by debtors and minimise any interruption to your cash flow.
With our knowledge and experience we will review your case to find a solution that best suits your needs and we take pride in being able to offer bespoke solutions tailored to each individual case.
We have experience in the following areas:
- Individual Debt Recovery
- Commercial Debt Recovery
- Disputed Debt Recovery
- Enforcement Action
- Insolvency (Bankruptcy / Winding Up)
- Group Debt Recovery
Across all areas of debt recovery, our team will work with you to ensure we achieve the best possible recovery in the shortest possible time and where possible we will aim to reach an amicable settlement without the need to commence legal proceedings.
We understand that not all debts are straightforward and disputes often arise so should you have a disputed debt we will carry out a full review of the matter to ensure any actions taken protect your best interests. We will also review your current processes and offer advice so as to minimise the risks of a similar situation arising again.
A settled debt is the best debt however for all other situations contact Mansfield Solicitors & Advocates Ltd at: guy@mansfield.legal
Debt Recovery Pricing
Please see notes below for further details regarding our fees and disbursements.
VAT on all our fees is at the standard UK rate (currently 20%).
Our Fees (instruction to settlement / judgment):
| Debt Value | |
| Under £10,000.00: | £500.00 + VAT |
| £10,000.01 – £25,000.00: | £750.00 + VAT |
| £25,000.01 – £100,000.00: | £1,500.00 + VAT |
| Over £100,000.01 – £1m: | £2,500.00 + VAT |
| Over £1m: | £200.00 + VAT p/hour |
| Group Actions: | £POA |
Court Issue Fees (VAT Exempt):
| Debt Value | |
| Under £300.00 | £35.00 |
| £300.00 to £500.00 | £50.00 |
| £500.00 to £1,000.00 | £70.00 |
| £1,000.00 to £1,500.00 | £80.00 |
| £1,500.00 to £3,000.00 | £115.00 |
| £3,000.00 to £5,000.00 | £205.00 |
| £5,000.00 to £10,000.00 | £455.00 |
| £10,000.00 to £200,000.00 | 5% of the debt value |
| Over £200,000.00 | £10,000.00 |
Our Enforcement Fees:
| County Court Bailiff: | £100.00 + VAT |
| High Court Enforcement: | £150.00 + VAT |
| Attachment of Earnings: | £200.00 + VAT |
| Charging Order: | £250.00 + VAT |
| Third Party Charging Order: | £300.00 + VAT |
Court Enforcement Fees (VAT Exempt):
| County Court Bailiff: | £78.00 |
| High Court Enforcement: | £91.00 |
| Attachment of Earnings: | £131.00 |
| Charging Order: | £131.00 |
| Third Party Charging Order: | £131.00 |
Our Insolvency Fees:
| Bankruptcy Petition: | £1,500.00 + VAT |
| Winding Up Petition: | £2,500.00 + VAT |
Court Insolvency Fees (VAT Exempt):
| Bankruptcy: | £332.00 (court fee) + £1,500.00 (petition deposit) |
| Winding Up: | £332.00 (court fee) + £2,600.00 (petition deposit) |
Notes:
Our fees are based on the matter being an uncontested debt and are payable on instruction with all disbursements being payable in advance.
Should a case become defended we will contact you to outline and agree the additional fees and disbursements before proceeding. It is not possible to outline these additional costs in advance as this is case specific and will depend on the nature / complexity of the dispute.
Prices cover all work from the letter before action to settlement / judgment on debt recovery and from the point of instruction to the conclusion of the action on enforcement.
Where any action results in an instalment plan, we will arrange for this to be paid to you by the debtor directly however we can manage the instalments on your behalf for an additional fee of £250.00 + VAT (which we will discuss with you at the time).
For any queries regarding our debt recovery services please contact guy@mansfield.legal