Pricing – Debt Recovery - Palmers Solicitors
Palmers Solicitors

Pricing – Debt Recovery

Service

Total cost

Basis for charges – hourly rate or fixed fees or combination of both

Experience and qualifications of those carrying out the service

Experience and qualifications of the Supervisors

Description of and cost of likely disbursements or average cost or range of costs

Which of these disbursements attract VAT and at what VAT rate

Key stages of the matter and likely timescales for each stage

Debt Recovery

Fixed fee

3 – 6 weeks

Bankruptcy Petition

£1,000
plus VAT

Fixed fee

£280 court fee
£990 petition deposit
£100 - £200 process server

N/A
N/A
£20 - £40 VAT

6 – 12 months up to and including substantive court hearing

Winding up Petition

£1,000
plus VAT

Fixed fee

£280 court fee
£1,600 petition deposit
£100 - £200 process server

N/A
N/A
£20 - £40 VAT

6 – 12 months up to and including substantive court hearing

Descriptive Example

We will:-

  • Take your instructions and review documentation
  • Undertake appropriate searches
  • Draft and send Letter Before Action
  • Action any responses received
  • Prepare the Claim Form and Particulars Of Claim
  • Issue the claim
  • Reply accordingly to responses or apply for Default Judgement if no responses received.