{"id":4635,"date":"2022-07-04T10:22:17","date_gmt":"2022-07-04T09:22:17","guid":{"rendered":"https:\/\/legalvision.co.uk\/?page_id=4635"},"modified":"2023-12-22T02:02:46","modified_gmt":"2023-12-22T02:02:46","slug":"cost-information-debt-recovery","status":"publish","type":"page","link":"https:\/\/legalvision.co.uk\/cost-information-debt-recovery\/","title":{"rendered":"Cost Information for Debt Recovery Matters"},"content":{"rendered":"\n

LegalVision can assist you with debt recovery as a member.<\/p>\n\n\n\n

Here we set out important information to keep in mind in respect of these services. <\/p>\n\n\n\n

Note that this applies to a dispute where a business, sole trader or individual owes you money, if your dispute involves considerations other than claiming a debt, the below information may not apply to how that claim is pursued. <\/em><\/p>\n\n\n\n

There are typically 3 main stages to an uncontested monetary claim – <\/p>\n\n\n\n

    \n
  1. Pre-Action;<\/strong><\/li>\n\n\n\n
  2. Making a claim; <\/strong><\/li>\n\n\n\n
  3. Entering judgment.<\/strong><\/li>\n<\/ol>\n\n\n\n

    Each stage depends on whether the person who owes you money (the ‘debtor’) acknowledges or pays you the money as to whether you progress the claim further.<\/p>\n\n\n\n

    If, however, a claim is contested, then the step after this will be a hearing in court. <\/p>\n\n\n\n

    LegalVision assists its members with debt recovery through its team of experienced UK Qualified Solicitors, Registered Foreign Lawyers, and supervised Australian admitted lawyers, with experience in monetary disputes.<\/p>\n\n\n\n

    Members have access to Pre-Action assistance within their membership. This includes a pre-action letter and follow-up letter for each debt you are owed. A Pre-Action Letter is a demand for payment. We normally give a debtor a period of time in which to respond (generally, 7 days) for each letter before taking your instructions as to whether you would like to pursue the debt further. <\/p>\n\n\n\n

    If the debt is not paid at the Pre-Action Stage, LegalVision can also assist you with making a claim to recover the debt. <\/p>\n\n\n\n

    Where this is a small claim (under \u00a310,000) we typically recommend for our members to pursue the claim themselves via the process set out on the gov.uk<\/a> website, leveraging our guidance. Where this applies, our guidance is also included in your membership.<\/p>\n\n\n\n

    Where we act on your behalf in pursuing a claim in court, we operate on an hourly rate basis. <\/p>\n\n\n\n

    Our hourly rates (please note, these attract 20% VAT)<\/strong><\/p>\n\n\n\n