Debt Recovery Services
Burlingtons can assist clients with the recovery of debts of all sizes.
As a guide, we set out below our typical fees for recovering an undisputed debt for less than £100k.
These fees do not include VAT or disbursements (i.e. fees payable to third parties including agency, process server or barrister’s fees (if necessary) which will be payable in addition at the rate of 20%.
They are based on the assumption that the debt is undisputed and that the recovery action is straightforward.
They are also provided on the basis of the usual number of hours typically spent on the matter by our fee earners. The time spent depends on the number of documents provided, whether any further information is required as well as the complexity of the matter (i.e. whether the dispute involves legal or factual issues which require more detailed analysis).
You can help us to reduce the number of hours spent on a matter by providing us with all the relevant documents at the outset. Typically, in order to advise in relation to a debt recovery matter, we would require the following documents:-
- The invoice(s) giving rise to the debt;
- The underlying written contract (if any) or correspondence evidencing an agreement;
- Correspondence chasing the payment of the debt / raising any dispute in relation to the debt; and
- Purchase Order(s) (in relation to the sale of goods) and any applicable terms and conditions.