Debt Recovery

Let Helpland Ltd recover a debt owed

Helpland Ltd can help recover a debt owed to you using various different methods. Each of these methods is effective and an excellent answer to the frustrations caused by lack of payment. Below, you will find information pertaining to each procedure.

In order to provide a fixed fee service, we require all emails and calls to us are kept to a reasonable quantity. We will monitor emails and calls to us and add fees on a timely basis for excessive contact by clients. You will be put on notice should this arise.

THIRD PARTY DEBT OR AKA FREEZING BANK ACCOUNT

What is Third Party Debt or AKA Freezing Bank Account?

A Third Party Debt Order, in most cases, is used to stop the defendant taking money out of their bank or building society accounts. The amount of money that you are owed is then paid to you from their account(s). 

The court order, which is initially sent to the bank or building society, will ‘freeze’ the money held in an account on the day which it is served. It is vital that you must know when the tenant is paid as the 'freeze' will not apply to any money that is deposited in the tenant’s account after the day that the 'freeze' was introduced/served.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£449
  • .95
  • inc VAT
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ATTACHMENT OF EARNINGS

What is Attachment of Earnings Order?

An attachment of earnings order instructs the defendant’s employer to stop money from their wages to pay back the debt.

The employer will send the payments directly to the court and the court will send the money to you. The employer will make an administrative charge of £1 for each deduction as well as whatever the court decides the defendant should pay.

To work out how much the defendant can afford to pay you, the court works out the minimum amount of money the defendant needs to live on. This is called the protected earnings rate.

The amount the defendant owes you can only be taken out of the money they earn above this amount. If they earn less money one week or month, the amount they pay you will be less, as their income cannot fall below what has been set by the court.

You will be unable to acquire an attachment of earnings order if:
   The amount you are owed is less than £50, or
   The defendant’s take-home pay is always below the protected earnings rate.

If you get an attachment of earnings order, it will show both the amount of the weekly or monthly deductions to be made by the employer to you, as well as the protected earnings rate the court has set for you.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£449
  • .95
  • inc VAT
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DEBT ENFORCEMENT VIA HIGH COURT ENFORCEMENT OFFICERS (HCEOS)

What is an HCEO?

Effectively, they are Debt Collectors. HCEOs earn their fees from the judgement debtor, but only when they collect. If the HCEO is unable to collect, there is an industry regulated abortive fee of £60 plus VAT paid by the creditor for each address visited. Other than the abortive fee, the HCEO receives no income for an unsuccessful enforcement.

HCEOs tend to have significantly higher collection rates than those of the County Court Bailiffs, who are salaried without any financial incentive to collect. Unlike the County Court Bailiff, the HCEO does not have to give the judgement debtor any advance notice of their intention to collect, giving them the advantage of surprise. HCEOs are also permitted to force entry into commercial premises to enforce, a power not permitted to County Court Bailiff.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£399
  • .00
  • inc VAT
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7 DAY DEMAND

What is a 7 Day Demand?

It is a legal letter before action, giving the debtor 7 days in which to make payment.

Fee - £49.95 inc VAT plus 10% of monies recovered

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£79
  • .95
  • inc VAT
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MONEY CLAIMS

A Money Claim Online must be for a fixed amount less than £100,000, against no more than two people or organisations and sent to an address in England or Wales with a valid postcode.

Fee - £199.95 inc VAT plus variable court fee (please see court fee list below):
   Up to £300 claimed - £25
   £300.01 - £500 claimed - £35
   £500.01 - £1,000 claimed - £60
   £1,000.01 - £1,500 claimed - £70
   £1,500.01 - £3,000 claimed - £80
   £3,000.01 -  £5,000 claimed - £100
   £5,000.01 - £15,000 claimed - £210
   £15,000.01 - £50,000 claimed - £340
   £50,000.01 - £100,000 claimed - £595

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£199
  • .95
  • inc VAT
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DEBT TRACING

We will trace and recover the debt.

Has your tenant disappeared without paying your rent?

Have you got a court order against someone but you do not know where they are?

No charge if the trace is unsuccessful.

It is distressing when money is owed to you and extremely aggravating when the payee is not able to be traced, particularly when the money owed affects your own livelihood. Therefore, it is imperative that steps are put into place to make sure you are able to find them quickly and easily. If it is left too long, they can potentially travel too far away to be found.

For these reasons, we have an outstanding Debtor Tracing service. If you find yourself with a problem tenant or debtor who has disappeared we have an excellent record in being able to find them on your behalf.

Our tenant tracing service takes between 2 to 4 weeks to complete and once we have ascertained their whereabouts we will provide you with the tenant/debtor's new address and work details, where applicable. You are then free to take them to court and commence legal proceedings to reclaim outstanding monies as well as the tracing fees.

We have outstanding success with Landlord Debt Recover - our results speak for themselves.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£99
  • .95
  • inc VAT
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CHARGING ORDER

A charging order secures the debt against the home or other property that the defendants may own. This makes the debt very serious. It means that they could lose their home if they don't pay back what they owe. Once a charging order has been made, you can apply to the court for another order to force the defendants to sell their home. This is called an order for sale.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.



FEE
£699
  • .95
  • inc VAT
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STATUTORY DEMAND

A statutory demand is a special type of written request from a creditor (someone who is owed money) for payment of a debt. The person or company that receives the demand has 21 days to settle the debt or ask the court to set aside (dismiss) the demand. The creditor may present a petition to court for a bankruptcy order or winding-up order if, after 21 days, a statutory demand claiming a debt of more than £750 is not paid, secured (an agreement reached for payment) or set aside.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£399
  • .95
  • inc VAT
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BANKRUPTCY PETITION

To make someone bankrupt, you have to present a bankruptcy petition to the court and prove that you are owed at least £750. You can show this by having an unpaid statutory demand or an unsatisfied execution of judgement and you have to pay a £700 deposit, plus £220 court fees.

If the claimant wants us to attend the hearing then it is £199.95 inc VAT for an uncontested hearing, £399.95 inc VAT for a contested hearing or £124.95 inc VAT to prepare the claimant to represent themselves

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£1,899
  • .95
  • inc VAT
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COLD JUDGMENTS

If a county court judgment has already been obtained but you have decided not to pursue the debtor as they have no money or you have decided that you do not wish to incur any further costs then cold judgments could be your answer.

We will pursue the debtor on a purely NO WIN NO FEE basis as we will retain 60% of whatever is collected and the client will receive 40%.

Helpland keep 60% of monies collected – client receives 40%

FEE
£0
  • .00

GROUND RENT/SERVICE CHARGE ARREARS PROCEEDINGS

A Notice will be prepared and served upon the lessee who will be given 14 days to pay the judgement sum and the costs of the Notice. If the Notice is not dealt with on this basis, then forfeiture proceedings will be prepared, dispatched to court and a copy sent to any mortgagee who will be served in due course by the court.

Where there is a mortgagee involved, it will invariably intervene and pay the arrears and all legal fees to avoid its security being forfeited. It will usually only intervene after attempts have been made (in accordance with FSA regulations) to contact the borrower to notify of the intention to make payment on the borrower's behalf if the borrower fails to do so, which payment will be debited to the borrower's mortgage account.

Where there is no mortgagee involved, the forfeiture claim will usually proceed to a hearing because, typically, the position is that the property is tenanted and the forfeiture proceedings will not have come to the attention of the lessee.

The important point to emphasise to managing agents is that, save in the case where there has been an error made on the part of the managing agent and/or any freeholder as a result of which the Section 146 Notice and/or forfeiture proceedings have to be withdrawn, there will be no further cost borne by the client in relation to any steps taken, as we will recover all of our costs either from the lessee or any mortgagee.

Instruction fee of £49.95 only
All other fees are obtained from the mortgagee or lessee.

For more information, call our helpline on 020 3326 5597 or Contact Us Here.

FEE
£49
  • .95
  • inc VAT
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