Our debt recovery team is supported by our commercial litigation specialists, who handle complex claims well as advising on business debt, commercial debts and probability of financial recovery. We are committed to transparency in our debt recovery fees and depending on the complexity of the case, we typically charge on an hourly rate as set out below:
Where you have a volume our debts that require recovery, we can offer a fixed fee. Please contact us for further details.
We have set out below the associated disbursements incurred for court claims, winding up petitions and bankruptcy petitions
Court Claim Fees
Typically 5% of the value of the claim subject to a maximum of £10,000
Winding up Petition
Court Fee – £280
Official Receiver Deposit – £280
Search Fee – £11
Gazette Advertisement – £74.68
Counsel’s Fee (if uncontested) – £100
Bankruptcy Petition
Court fee – £280
Official Receiver Deposit – £990
Service of Statutory Demand – £150
Service of Bankruptcy Petition – £150
Search Fee – £11
Counsel’s Fee (if uncontested and in London) – £100-£400
VAT may apply to some of the fees set out above. The VAT element of our fee cannot be reclaimed from your debtor if you are registered for VAT.
Litigation Funding
We understand that the cost of legal advice is sometimes troubling, accordingly we are able to consider alternative litigation funding products including:
- Conditional Fee Agreements (CFAs)
- After the Event Insurance (ATE)
- Damages-based Agreements (DBAs)
- Third-party Funding Agreements
We provide transparency in legal costing as part of our client care procedure, ensuring our clients are in control of their budget throughout the entire legal process. There are various factors to consider when understanding your spend including fees for witness statements and court fees, all of which we will collate to ensure that your cost estimate is as accurate as possible.
If you would like any further information on our fees or to discuss the various insurance and alternative funding options available to you, please get in touch with the team. We’d be delight to advise further.
Make an online enquiry, send an email to enquiries@lincolnandrowe.com or call us on +44 (0)20 3968 6030.
Who we can help
Lincoln & Rowe have been responsible for ensuring continuing favorable outcomes in the most complex and sensitive of cases. We specialise in company and commercial law, commercial litigation, directors’ duties and disqualification, insolvency and property litigation.
Where you can find us
Lincoln & Rowe Solicitors are based in the heart of London and just a few minutes’ walk from the Royal Courts of Justice on Chancery Lane. Our full address is 81 Chancery Lane, London WC2A 1DD.