We are owed money by another business. Is it worth our while attempting to recover this through the Courts?16 Oct 2019
This depends mainly on the amount of money owed to you. The successful party is in most (but not all) courts entitled to recover 60-70% of their legal costs from the unsuccessful party, leaving the successful party to pay 30-40% of their costs. To decide if it is worth proceeding, the amount of the claim needs to be compared to the anticipated legal costs, and in particular the 30-40% of that cost that will be payable, win or lose.