Debt recovery

If you or your business are owed debts, we are able to help you recover that debt.

Equally, we are able to assist individuals and businesses who find themselves in the unfortunate position of having to defend a debt recovery claim.

For expert professional help on all aspects of debt recovery, please call L.A.M Solicitors on 01621 856683 or email us at leanne@lamsolicitors.com.

Price & service information for debt recovery

As part of our debt recovery service, and in accordance with the Transparency Rules prescribed by the Solicitor’s Regulation Authority, set out below is the price and service information for the recovery of debts.

Services

As part of our debt recovery service, and in accordance with the Transparency Rules prescribed by the Solicitor’s Regulation Authority, set out below is the price and service information for the recovery of debts.

By instructing L.A.M Solicitors to deal with your debt recovery case, the matter will be handled by Leanne Allcock-Mead.

Having qualified as a solicitor in 2002 and becoming an award-winning dispute resolution lawyer, Leanne has a number of years experience in litigating and resolving a wide range of civil and commercial disputes, including debt recovery matters, and has advised at all stages of these types of claim, including issue and enforcement.

At L.A.M Solicitors, in accordance with our professional and statutory obligations, we will undertake to:

  • Provide you with a dedicated and experienced solicitor to work on your debt recovery matter.
  • Discuss your circumstances in detail.
  • Take your initial instructions and review the documentation.
  • Confirm the most appropriate way to bring or defend a claim, and any other options that may be available to you.
  • Give you advice on the merits of your case or defence.
  • If you do not currently have a strong case or defence, whether this can be overcome and how.
  • Consider any supporting evidence you provide.

Stage 1

  • Take your initial instructions and review the documentation.
  • Confirm the most appropriate way to bring or defend a claim, and any other options that may be available to you.
  • Give you advice on the merits of your case or defence
  • Draft a letter before action or response to a letter before action (if defending a debt claim)

£150.00 plus VAT

STAGE 2

If it is necessary to issue proceedings we can now offer this under a No Win No Fee agreement, for work that is undefended.

We will charge a fee, called a “ Success Fee” only if we are successful in recovery.

The success fee is based on what we recover on your behalf and is calculated as follows:
a) for recovery up to £1000 20% success fee
b) for recovery over £1000 15% success fee

Court Fees are additional to this and are set out below:

 

https://www.gov.uk/make-court-claim-for-money/court-fees

Interest may be recovered from the Debtor and if the Debtor is a business compensation may also be recovered.

DEbT RECOVERY OF 10 OR MORE DEBTS

If you have more than 10 debts outstanding then we are able to offer bespoke packages. Please call or email to discuss your requirements.

Please note:

  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Disbursements (court fee, bailiffs fees etc may be chargeable)
  • You should also note that for all new clients of the firm, we will conduct an electronic ID search for anti-money laundering compliance. The administrative fees for arranging these checks is £15 plus VAT

If the debt becomes defended we are able to offer you the following hourly rates for the work required:

  • For debts under £10,000 = £175.00 plus vat per hour
  • For debts between £10,000 and £20,000 = £200.00 plus vat per hour
  • For debts over £20,000 = £225.00 plus vat per hour

These rates are also available if you are defending the debt claim.

Other services

Contact Info

Heybridge Business Centre,
110 The Causeway,
Maldon
Essex
CM9 4ND

Phone number:

01621 856683

Email

leanne@lamsolicitors.com

Business hours

Monday: 9AM - 5PM
Tuesday: 9AM - 5PM
Wednesday: 9AM - 5PM
Thursday: 9AM - 5PM
Friday: 9AM - 5PM
Sat - Sun: CLOSED
Bank Holidays: CLOSED

Leanne Allcock-Mead Solicitors is a limited liability company, registered in England and Wales with registration number 11669444 whose registered office is SF 4 The Heybridge Business Centre, 110 The Causeway, Heybridge, Maldon, Essex CM9 4ND. A list of the Directors of Leanne Allcock-Mead Solicitors is available for inspection at the registered office.

Leanne Allcock-Mead Solicitors is authorised and regulated by the Solicitors Regulation Authority under No. 655649.