Author: Jamal Bakalian

Top 10 tips for buying a home that’s right for you

28-August-2014 Property By Jamal Bakalian

There are a few things you should keep in mind when you are looking to buy your first home or when you are planning to invest in a new property or even when you intend to move house. Here are the top 10 tips that Streeterlaw believes will assist you to...

Debt recovery: What is a Creditor’s Petition?

8-March-2013 Fraud and Insolvency By Jamal Bakalian

  A Creditor’s Petition is the formal document filed in the Federal Court or Federal Magistrates Court seeking orders for the bankruptcy of the judgment debtor. The fee for a company to file a Creditor’s Petition is $2,915. For an individual,...

What is an Examination Notice?

7-March-2013 Debt Recovery,Commercial Disputes By Jamal Bakalian

Although this is not a method to enforce payment of a debt, an Examination Notice can be a useful tool if you know little or nothing about your debtor. It will allow you to obtain information about a debtor’s financial position, including assets and...

Debt recovery: What is a Garnishee Order?

6-March-2013 Debt Recovery,Commercial Disputes By Jamal Bakalian

If someone else owes money to the debtor, you, as the creditor, can apply for a Garnishee Order from the Court that enables that debt to be paid to you rather than the Debtor. A Garnishee Order is most commonly served on a financial institution to...

What are Instalment Orders?

Debt Recovery,Commercial Disputes By Jamal Bakalian

Following your attempts to recover a debt, firstly through a Letter of Demand and subsequently after the debtor has been “served” the Statement of Claim papers, the court’s jurisdiction will come into play. The Statement of Claim gives the...

Debt recovery: First steps to get your money back

4-March-2013 Commercial Disputes,Debt Recovery By Jamal Bakalian

If you or your business needs to recover a debt, there are several steps to follow.   1. Letter of demand Firstly, you need your legal representative to send a letter of demand to the debtor. This puts the debtor on notice that the debt is...