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Montpelier Debt Recovery

 

Debt Recovery 

Some of our clients require assistance in recovering debts in the form of unpaid invoices or awards which have not been honoured by opponents.

 

We can pursue those debts for clients or put systems in place to reduce the likelihood of debts remaining unpaid.

 

We also understand that obtaining an award is not always the end of the matter. Harnessing the available enforcement techniques is vital to a successful claim where an opponent is unwilling to honour and award. Early investigation of the financial status of an opponent forms an integral part of our strategic planning.

 

Our approach to dispute resolution and enforcement is the hallmark of our success in this field.

Our Fees: Debt Recovery (Up to £100,000)

These costs apply where your claim is in relation to a single unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point the work is no longer classed as debt recovery (but rather dispute resolution).

 

At that point we will pass the matter on to a member of our dispute resolution team and discuss any further work required and provide you with revised advice about costs if necessary, which will be charged at our standard hourly rates unless otherwise agreed in writing.

 

For debt values of up to £100,000.00 – our fee for the work outlined below is estimated from between £1500 to £5000 + VAT and disbursements.

 

Court fees will be payable dependent on the value of the claim. Please go to the following link to ascertain the current court fees applicable:- https://www.gov.uk/court-fees-what-they-are

 

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor if you are already registered for VAT.

  • Interest and compensation may take the debt into a higher banding, with a higher cost.

  • The costs quoted above are not for matters where enforcement action, such as bailiffs, is needed to collect your debt.

 

Our fee includes:

  • Taking your instructions and reviewing documentation

  • Undertaking appropriate searches

  • Correspondence with the debtor with a view to recovering the debt.