Download the debt recovery leaflet from the link below.
Denison Till's debt recovery unit has successfully recovered debts for many years throughout the UK. A highly experienced legal team provide the best possible service which delivers professional legal advice at every stage of the proceedings.
Our experience shows that the sooner problem debts are tackled the better your chances of recovery. In many cases a Solicitor's letter of demand will lead to immediate payment in full. Some debtors however will not pay unless Court proceedings are issued. In such cases civil proceedings will be commenced promptly in the County Court to ensure that a Judgment is obtained and enforced at the earliest opportunity.
Debt recovery services
1. Letter of demand for payment
a) To send to debtors a letter of demand for payment within 7 days.
b) To negotiate with the debtor an acceptable scheme of repayment and to report to the client, or to refer the matter back to the client to negotiate after the time limit in the formal letter of demand has expired.
2. To issue a Claim Form and Particulars of Claim in the County Court/High Court, to pursue the debt and to obtain Judgment.
a) To issue proceedings in the County Court/High Court
b) To obtain Judgment in default of Defence if available
c) To act on behalf of the client if proceedings are defended in which case we will advise you about procedure, litigation risk and cost.
d) To negotiate a settlement if instructed
e) To progress the litigation to trial and Judgment
f) To enforce a Judgment either
i) by warrant of execution (recovery of the debtors goods)
ii) by an attachment of earnings (for those debtors in employment)
iii) by charging order (to secure the judgment against the debtors home or commercial property)
iv) by third party debt order (to freeze bank accounts)
v) by insolvency proceedings (see below)
(In every case the most appropriate method to enforce the award will be considered with you before any enforcement action is taken).
3. To issue a personal Bankruptcy Petition or to Petition to wind up a Limited Company
a) To petition for the bankruptcy of an individual debtor where the debt exceeds £750 and to obtain a bankruptcy order either where there is an unsatisfied Judgment or the failure by the debtor to pay following the service of a statutory demand
b) In the case of a Limited Company to petition the Court to wind up the company where the debt exceeds £750 upon an unsatisfied Judgment or where the company is unable to pay its debts.
Debt Recovery fees
1. We will charge £10 for an initial letter of demand. If this results in payment there will be no further charge.
2. If Court proceedings are issued, solicitor’s costs and Court fees will be charged to you and added to the amount claimed from the debtor. Details of the current solicitor’s costs and Court fees are set out in debt recovery costs and fees.
3. At the conclusion of the matter we charge a fixed fee of £50 plus VAT for debts under £1000, £80 plus VAT for debts of £1000 - £5000 and £100 plus VAT for debts of £5000 plus. This fee is not recoverable from the debtor and is in addition to any hourly charge, which we refer to below.
4. We will charge for additional time spent negotiating with the debtor, the Sheriff or any other third party in order to recover your debt, or if we are involved in additional correspondence, telephone calls or meetings. Our charges will be at the hourly rate set out below.
5. Unless we agree with you otherwise, we will carry out a bankruptcy search against an individual debtor prior to issuing proceedings at the cost of £2 per search.
If the debt is disputed and/or a Defence filed, our charges will be in accordance with our prevailing hourly rates and we will be able to provide you with an estimate of the cost of proceeding with the Claim. Our current hourly rates are as follows:
Hourly rates
Standard hourly charge out rates: (subject to negotiation)
- Partner £200
- Associate Solicitor £180
- Solicitor £150
- Legal Executive/Para-legal £120
Chargeable time is recorded in units of 6 minutes with a detailed breakdown of time recorded available.
Summary
The importance of the client relationship is one of the key values of Denison Till. The ability to use specialist knowledge in the recovery of debts and understand and anticipate client’s needs is a priority. It enables the firm to provide debt recovery solutions that are both relevant and cost effective.
Instructions for debt recovery can be given online using the forms below. Alternatively you can telephone
01904 611411/ 561414 to discuss our service further. Download the debt recovery leaflet below. For further information e-mail
debt@denisontill.com
Complete forms online to instruct the firm:
Debt Recovery Form
Winding Up Form
Debt recovery leaflet - downloads below
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