| Our solicitors charge hourly rates between £165 and £280 + vat (which is presently 20%). These estimated prices reflect the urgency of the work required, the complexity and the seniority of the solicitor involved. |
| Our Fees including VAT at 20% | Fee Range |
| (i) Letter before claim | £165 – £280 + vat at 20% |
| (ii) Bankruptcy proceedings | £1600 – £2800 + vat at 20% |
| Disbursements including VAT where applicable at 20% | |
| (iii) Process Server (statutory demand and petition) | £180 |
| (iv) Court fee | £332 |
| (v) Deposit – Official Receiver | £1500 |
| (vi) Bankruptcy search fee | £45 |
| (vii) Land Charges fee | £2 |
| (viii) Representation at First Hearing | £250 – £500 + vat at 20% |
Work includes
(i) Take instructions and review papers; send letter before claim
(ii) Prepare and serve statutory demand
Prepare, issue and serve bankruptcy petition
Prepare court documents
Prepare and organise attendance at first hearing
Work excludes
- The debtor opposing the statutory demand or the petition
- Settlement negotiations
- Jurisdiction issues
- Any hearing after the first hearing
- Problems with service of papers upon the debtor
- Debts exceeding £100,000
How long will the case take?
Every case is different.
If the case is settled, it may take a few weeks.
If it proceeds to a first hearing it may take 3-4 months.
This is just an estimate and we will know more when we speak to you about your case.
Note. These prices are an estimate of the likely cost of the case which we can reasonably foresee at the start. We will notify you in writing if for any reason we feel it necessary to vary the estimate and will explain to you why we need to do so. Any additional work will be charged at the agreed hourly rate. Estimates we give can be affected by other factors outside our control (eg. your instructions, the conduct of an opponent or third party, unexpected circumstances, court or tribunal orders etc). Consequently, estimates are given as a guide only and they are not intended to be fixed or binding. We will give the best estimate possible but there is no guarantee that the final charge will not exceed the estimate. The prices for our work are set in January 2020. They are increased in line with inflation after each 12 month period.
