Solicitor Fees
A series of our videos on the topic of solving outstanding solicitor fees.
Solving Outstanding Solicitor Fees
'Debt' can be defined as an amount of money that is owed from one entity to another. Most debts that we recover from our solicitor clients are what we call "unliquidated". Our clients often work on a retainer or contingency basis or on an hourly rate, but with the ability for the customer to have their costs assessed collection of debts can become a problem.
Utilising Statutory Demands and Other Legal Approaches
One of the ways in which a creditor can exert pressure on a debtor, strongly urging them to pay, is by issuing what is called a "Statutory Demand". This is a formal written demand of debt. If the debtor then fails to pay the debt within three weeks,the creditor may commence insolvency proceedings against the debtor.
Using Liens to Collect Unpaid Fees
Here at Town & Country Legal Services, we completely understand that it is not an easy process for solicitors to collect unpaid fees when using the litigation route.
Benefits of an External Debt Collection Agency
There are many advantages to be gained when a solicitor's firm uses an external debt collection agency, such as Town & Country Legal Services.