Debt Recovery Solicitors

Debt recovery can often be an unpleasant and stressful experience. However, with the help of a reputable and experienced solicitor, the process of recovering debt can be much faster and smoother.

Our expert team of debt recovery lawyers have years of experience in debt recovery, and have recovered thousands in outstanding debts for a range of individuals and organisations across a variety of sectors.

Cost effective debt recovery and advice in Leeds

Debt recovery can prove to be a time consuming and difficult process. At Morrish Solicitors, you can rely on us to recover outstanding debts quickly and cost-effectively. Our dispute resolution solicitors can use their experience to bring your case to a swift and cost-effective outcome, often avoiding the need for formal legal action.

For more information on how we can help you recover owed debts, contact our friendly team for impartial, expert advice.

Our Debt Recovery Services

Our services range from high-volume, pre-legal debt collection to every aspect of litigation and insolvency action. We regularly advise on:

Business debt recovery
Debt recovery for private individuals
Debt recovery for financiers
Pre-legal collection including telephone debt collection and lettering
Legal collection including County Court proceedings, mediation services, defended legal actions, enforcement, negotiation and advocacy
Payment agreements including chasing defaults, instalment monitoring and regular instalment assessments
General debt recovery advice including Pre-Action Protocol for Debt Claims compliance, process review, credit control and credit management advice

Debt Recovery Lawyers Yorkshire

Debt Recovery Frequently Asked Questions

How much does a debt recovery solicitor cost?

The cost of a debt recovery solicitor can vary depending on the nature of your case, such as if the debt is disputed, or if enforcement action is needed.

Business debt recovery is charged at the following rates:

Letter of claim – £125 – £500 plus VAT (depending on complexity)
Total costs of claim (depending on complexity, whether or not it is contested and when it settles) for cases up to £100,000.00 usually £3,000.00 – £15,000.00 (for more complicated cases)

Hourly rates are £205 – £240 plus VAT. Fixed fees offered as above for initial letter of claim.

Disbursements

Court issue fees depend on the amount of the debt – for cases up to £10,000 they are up to £455 (again depending on value) and for cases over £10,000 – £200,000 the issue fee is 5% of the value of the claim.
Court Hearing fees are either £545 (if less than £25,000) and £1175 (if over £25,000).
In addition there can be barristers fees but these would be dependent on the case and would range from circa £1,000 – £5,000 (for more complex matters).
In the event a client was successful and the debtor did not pay, there would be an additional Court fee of £66 for the enforcement officers to apply for a Writ of Control and a £90 abortive fee to pay to the enforcement officers in the event a recovery was not possible.
VAT payable on solicitors and barristers fees at 20%.

Services included in the price:

Letter of claim
Response
Drafting Court documents
Preparing witness statements and disclosure
Attending or instructing Counsel to attend trial
Dealing with enforcement post-judgment if required

We will be seeking to recover our costs and disbursements incurred from the debtor.

What steps are involved in debt recovery?

The steps involved in recovering debts vary from case to case. However, most cases will go through one or more of the below stages:

Stage 1 – Pre action

This is a letter sent to the debtor to resolve disputes and recover your debt without the need for legal action. Where possible, we will aim to recover your debt at this stage to allow for a faster and more cost-effective resolution.

Stage 2 – Court action

If the dispute is unable to be resolved at stage one, court action is usually the next step in the process. Once the court has served the claim, a debtor has up to 28 days in which to file defence. If they fail to acknowledge the claim within 14-days or fail to file a defence after doing so within 28 days, a request can be made to the court for judgment to be entered providing the debtor has not filed an acknowledgement or a defence.

Step 3 – Enforcement

Once judgment has been obtained, enforcement action may be needed to recover the sums awarded by the court.

Why Morrish Solicitors?

Our expert dispute resolution solicitors are well placed to assist you with a wide variety of claims, including debt claims.

We understand that your circumstances are unique, and that’s why we’re careful to listen to your situation and provide the best possible solution to support you.

Personal service

As a Yorkshire-based firm, you can benefit from our competitive rates. We aim to provide expert advice, personable service, and excellent value for money.

Expert advice, no matter where you live

All our services can be provided at your convenience either in-person, over the phone or by email or post. So, it doesn’t matter where you live, we’ll always be here to support you.

Want more information? Contact a member of our professional negligence team today.

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Why Our Clients Choose Morrish Solicitors

The knowledge and negotiation skills were second to none. I have had previous cases with Morrish & Co and all have been handled with the same expertise. I have recommended Morrish & Co multiple times over the years.

Dispute Resolution Client, October 2021

Julia Fenton

Associate Solicitor, Dispute Resolution & Personal Injury

Carrie King

Personal Injury & Dispute Resolution Solicitor

Leeds

Bradford

Yeadon

Pudsey

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