Fixed-fee debt recovery service
SA Law’s fixed-fee debt recovery service will help you to recover your money as quickly as possible, and to respond swiftly to developments as they happen.
To download a copy of our fixed-fee debt recovery service pricing please click here.
How does it work?
Any unpaid and undisputed commercial invoice which is payable by a company or individual in England and Wales can be put into the service.
For a straightforward fixed fee, we will use the information you provide to pursue the debt. Whilst the debt remains in the fixed-fee service, the schedule of charges on the following pages will apply. If a change to the nature of the debt causes it to fall outside of the service, we can continue to pursue payment for you under an alternative pre-agreed fee arrangement.
Pursuing the payment of debts
The actions taken to recover a debt fall into five stages. A debt can enter or leave our fixed-fee debt recovery service at any point. This gives you a standard approach to dealing with outstanding debts, alongside the flexibility to react to any changes in a case as it progresses.
The five stages are:
Pre-action – we will send a letter before action (also known as a letter of/letter before claim) to the debtor demanding payment of the debt, any legal costs and statutory compensation you may be able to claim, as well as any applicable interest on the debt. Our letter complies with the county court judgment (CCJ) pre-action protocols. This means that you can issue a claim if the debtor fails to pay by the deadline stated in the letter.
Making choices – if the debtor fails to pay the debt in full by the deadline given in the pre-action claim letter, you will need to decide what to do next. We can provide a financial report on the debtor to help you make decisions about the debt and the debtor, and to choose between possible courses of action.
Court proceedings – if you decide to start court proceedings, we will draft and issue your claim. Once the claim has been issued, we will report any response from the debtor, and agree next steps with you.
Getting a judgment – unless the debtor pays or disputes the debt, we will apply for a CCJ against them. Debtors often pay on receipt of a judgment to protect their credit rating, but if they don’t you can consider your options for enforcement.
Enforcement – if the debtor fails to pay, we will advise you on the most appropriate enforcement options for your case.
Your complete debt recovery service
The fixed-fee debt recovery service is just one aspect of the advice and support we offer to businesses that are owed money.
For claims against debtors in other jurisdictions, disputed debts, construction debts or more complex debt structures (such as assigned or novated debts, or those that include compound interest), we offer pre-agreed fee arrangements.
If you are looking to refine all or a part of your approach to debt recovery, we can review your options and recommend strategic and practical changes. An options review is particularly useful if you have debts that appear to be difficult or uncommercial to pursue.
Whatever help you need, we will work with you to assess the nature of the debt and the options for recovering it, then propose a basis for fees before work begins.