Increases in Court Fees for Debt Recovery from 9 March 2015

When recovering a debt through the courts, you have to pay a fee to the court to issue your claim.  This fee can be added to the debt, but it is still an upfront cost that must be paid.

On 9 March 2015 these issue fees are increasing for all debts of £10,000 or over to a flat rate of 5% of the debt (capped at £10,000 maximum fee).  Legal organisations representing solicitors, barristers and other debt recovery professionals have fought against the changes on the grounds that they reduce access to justice for individuals and small businesses, but so far without success.

The fees in detail

Value of Claim (£)      Old Fees   New Fees
 Up to 300  35   35
 300.01 – 500  50   50
 500.01 – 1,000  70   70
 1,000.01 – 1,500  80   80
 1,500.01 – 3,000  115   115
 3,000.01 – 5,000  205   205
 5,000.01 – 9,999  455   455
 15,000  455   750
 50,000  610   1,000
 100,000  910   5,000
 150,000  1,115   7,500
 200,000  1,315  10,000
 300,000  1,720  10,000
 Over 300,000  1,920  10,000

Fees are reduced by approximately 10% if claims are issued online.

If you have a debt to chase, particularly one over £10,000 then please contact us for a free 30 minute consultation.  If you wait until 9 March you will miss the lower fees and pay more for the same recovery.

Tel: 01245 893400
Email: [email protected]
Web: www.backhouse-solicitors.co.uk

Minal Backhouse
5 March 2015