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Most, if not all, businesses, regardless of the sector in which they operate, are likely to need to pursue an unpaid debt at some time. For most businesses, it is critical that the collection of outstanding debts is managed efficiently to assist cashflow. To do this, you may need the assistance of a specialist debt recovery solicitor to ensure debts are paid promptly.
Whether you are an SME or a large corporate entity with an international presence, Myerson’s highly adept and vastly experienced debt recovery solicitors are experts in advising on all types of debts. We will work with you to compile debt recovery strategies to ensure your debts get paid.
We recognise that debt recovery disputes can arise in a variety of circumstances and we tailor our approach to ensure that our clients achieve the best possible outcome at the most appropriate cost.
Our debt recovery team will evaluate the crux of the issue and provide timely advice regarding the appropriate steps to take.
Myerson are a leading commercial firm, which is renowned for its work in resolving debt recovery matters. We are proud to be ranked as Top Tier in the prestigious international directory The Legal 500 who have described us as “dynamic, positive, forward-thinking, effective and tenacious”, “very client friendly” and who give “sound and sensible legal advice”. This means you can be certain that you will be receiving the highest quality legal advice and that we are able to advise you on even the most complex debt recovery issues.
The commercial litigation team contains 10 solicitors and 2 legal assistants and is headed up by Adam Maher whom the Legal 500 rate as a “Leading Individual” and “first-class litigator” with “razor-sharp commercial judgment, tenacity and excellent communications skills” and who “quickly identifies the core issues” and is “extremely robust under pressure”.
Our litigation experts at Myerson are happy to discuss your debt recovery matter in a no-obligation telephone call to assess your claim, give you some preliminary advice and suggest a way forward. We pride ourselves on providing experienced and commercial advice to ensure our clients achieve the right outcome at an appropriate cost.
Myerson is also the Manchester and Cheshire law firm member for the MSI Global Alliance, a top 20 ranked, leading, international association of independent professional firms. This means that if any debt recovery matters we deal with involve an international element, we can call upon the expertise and knowledge of our fellow MSI members to ensure that our client’s global interests are protected.
Every client and case is different, and we are here to support you every step of the way.
We provide a personal, partner-led service. Our experienced solicitors get to know you and your business inside out, so we can best advise you. We know that dealing with litigation can be stressful and we aim to take that stress away from you. We strive to become your trusted advisors, providing value and most of all a genuine, personal service.
We provide the highest level of expertise. Combining commerciality, practicality and legal expertise enables us to deal with debt recovery matters in the most effective way.
You can trust us and you are in safe hands. We help clients nationwide with complex cases, acting for businesses who need help recovering outstanding debts. You can rest assured that our expert team knows its stuff!
Here are a few examples of debt recovery matters we have recently been involved in:
The solicitors that will be working with you are specialists.
All of the solicitors in our Debt Recovery Team are specialists and have a detailed understanding of debt recovery law and procedures.
Your matter will be handled discreetly and efficiently and overseen by Adam Maher, Partner and Head of the Commercial Litigation Department.
Your team of solicitors will provide practical advice and work with you in order to deal with your debt recovery matters in the best way possible. This means you can concentrate on what’s important, running your business.
To view Myerson Solicitors reviews please visit our Review Solicitors page.
If the debtor has ignored your emails and telephone calls to pay outstanding debt, the first step we would take would be to send a letter before action to the debtor. This sets out the amount of outstanding debt and how the debt has arisen. In most circumstances, we can add interest and costs onto the original outstanding debt.
Our letter before action would give the debtor a short timescale to respond. In cases where the debt is owed by a business, the debtor is normally given 7 days to pay the debt or respond as to why they think the debt is not owing. In cases where the debt is owed by a consumer, the debtor has to be given 30 days to pay the debt or respond as to why they think the debt is not owing.
If our letter before action is ignored or the debtor does not provide any proper arguments as to why the debt is not owed, we will discuss with you next steps which will normally involve issuing Court proceedings or insolvency proceedings to recover the debt owing.
We offer competitive fixed fees for undisputed debt recovery matters. The costs below apply where your claim is in relation to an unpaid invoice which is not disputed and where enforcement action is not needed. If the debtor disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed.
Pre-Litigation
Letter Before Action - £100 plus VAT.
Fees – County Court Proceedings
Debt Amount | Our Fee (excl. VAT) | Court Fee | Total Charges (excl. VAT) | Recoverable from Debtor |
Up to £300.00 | £130.00 | £35.00 | £165.00 | £85.00 |
£300.01 - £500.00 | £150.00 | £50.00 | £200.00 | £100.00 |
£500.01 - £1,000.00 | £200.00 | £70.00 | £270.00 | £140.00 |
£1,000.01 - £1,500.00 | £250.00 | £80.00 | £330.00 | £160.00 |
£1,500.01 – £3,000.00 | £300.00 | £115.00 | £415.00 | £195.00 |
£3,000.01 - £5,000.00 | £325.00 | £205.00 | £530.00 | £285.00 |
£5,000.01 - £10,000.00 | £350.00 | £455.00 | £805.00 | £555.00 |
£10,000.01 - £200,000.00 | £450.00 | 5% of the value of the claim | £450.00 plus the Court fee | £100.00 plus the Court fee |
Exceeds £200,000.00 or is not limited | £600.00 | £10,000.00 | £10,600.00 | £10,100.00 |
Fees – Entering Judgment
Debt Amount | Our Fee (excl. VAT) | Court Fee | Total Charges (excl. VAT) | Recoverable from Debtor |
£25.00 - £5,000.00 | £120.00 | None | £120.00 | Between £22.00 and £25.00 |
Over £5,000.00 | £150.00 | None | £150.00 | Between £30.00 and £35.00 |
Please note that:
Our fees include:
Matters usually take 12-16 weeks from receipt of instructions from you to receipt of payment from the debtor, depending on whether or not it is necessary to issue a claim. This is on the basis that the debtor pays promptly on receipt of a Judgment in Default. If a matter becomes defended and/or enforcement action is needed, the matter will take longer to resolve.
Home-grown or recruited from national, regional or City firms. Our specialists are experts in their fields and respected by their peers.
Vicky Biggs
Vicky is a Senior Associate in our Commercial Litigation & Construction departments
Sean Kinney
Sean is a Solicitor in our Dispute Resolution & Commercial Litigation Department.
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