Chasing those that owe you money is time consuming, frustrating and a waste of valuable resources. It is damaging to cash flow and damaging to business and relationships. We offer a specialist advice and a cost-effective process to recover debts.
We are commercial in our approach. We understand the need to balance the money owed against the cost of recovery of the money owed. Our experience tells us that a well timed and well drafted solicitor’s letter can be all that is required but sometimes the full force of court action is the only way and we will advise you on which course of action is most suited to your situation.
With a challenging economic outlook predicted for the foreseeable it is more important than ever to ensure that businesses have procedures in place for prompt, cost effective, commercially astute debt recovery.
In our experience, if the debt is undisputed, most matters will settle at this stage. We will send a letter to the debtor demanding that payment is made immediately. The letter will threaten county court or insolvency proceedings in the event that payment is not made and we will follow up with a chaser and a telephone call if necessary.
First letter of demand £65 + vat
Second letter of demand £35 + vat
Detailed reply and final demand letter £95 + vat
Negotiating a settlement/instalment plan £125 + vat
Drafting a settlement agreement £150 + vat
Stage 2 – Court action
If payment is not recovered at Stage 1, we will issue a county court claim against the debtor. Once the claim is issued, the debtor will have 14 days to respond after which time we can apply for default judgment then move onto enforcement. It usually takes the court about 2 weeks to enter a judgment once they have received our request.
Request a judgement £95 + vat
Stage 3 – Enforcement
If the debtor fails to respond or pay following stage 1 and 2, we are left with no alternative but to start enforcement proceedings. There are a number of options available and how we proceed will largely depend on the facts of the case and level of debt. We will go through the options with you first. Please see below for our standard costs and court fees for this stage.
Letter demanding payment of judgement £65 + vat
Letter threatening winding up petition £65 + vat
Warrant of execution £95 + vat
Writ of Control £65 + vat
Charging Order (excl hearing) £750 + vat
Third Party Debt Order £500 + vat
Order that debtor attends for questioning £350 + vat
Third party Costs – NB these may be subject to change without notice
Court fee for writ £66
Court fee for Warrant and third-party orders £110
Court fee for debtor questioning £55
Attachment of Earnings application £200
Process Server £150 – 300 +VAT
High Court Enforcement officer fee £90
Registration of charging order £40
Agent/Counsel fees £ dependant on hearing
Detailed advice by appointment on enforcement options £250 +vat ph
The above prices relate to undisputed debt only. If your debt is disputed, we will go through your options with you and provide a fee estimate based upon our hourly rates.
DIRECTOR
SARA PERISCHINE
Sara started her legal career at a large national firm and qualified as a Solicitor in 2010. She has extensive litigation experience, having managed a litigation team at a regional firm before relocating to London for a number of years where she assisted the in house legal team of an international record label before moving to an international city firm.
Sara has significant civil and commercial litigation experience, working with individuals, organisations and businesses in respect of a variety of legal disputes, often with an international/cross border element.
Sara also works with a variety of clients across the media and entertainment industries including those in TV, film, music and sport. In addition, she has experience of advising clients in relation to defamation proceedings and assisting with the removal of online defamatory material.
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Testimonials
"I would always recommend Astraea Legal due to the professionalism of its staff. It has a friendly attitude to help you they put you at ease. Very knowledgeable. Thank you again for your help."
"I have absolutely no hesitation in recommending Nama to anyone who finds it necessary to seek legal advice in civil, employment or criminal proceedings."
"Throughout the trauma of the last year and a half, both yourself and Angela have provided an amazing service, updating me regularly and especially whenever there has been a hiccup. I have also appreciated you speaking to me on the phone and explaining things to me in a way that someone with no legal experience would understand."
"What an amazing service. Called for advice at short notice on a legal matter for my teenage son and within minutes Nama had arranged someone to offer support and advice who explained all the procedures clearly to me and my son in a situation that was all very new to us. If you need any support or a solicitor to act on your behalf for any legal matters I would highly recommend this team of very helpful and highly qualified individuals."
