Category: Debt Recovery

Letters of Demand – helpful things to know… Once you have issued a letter of demand, there are four common scenarios: 1. The Debtor/s respond to your letter of demand and make payment of the outstanding amount; 2. The debtor/s respond to your...

Once you receive judgment, stating thatyou are legally entitled to recover the debt you are owed, you are able to proceed with enforcing the recovery of that debt. Where you do not know what assets the debtor has, the first step is...

Whilst receiving judgment in a debt recovery proceeding is wonderful, it does not always mean that the debtor will happily pay the amount they owe you. To enforce the judgment, you may need to take further steps. One of the options available to you,...

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 due and...

Picture this: You’ve provided services to a customer and they have not paid your final invoice. Your invoice is for $12,000 and you’re out of pocket. You file a Statement of Claim and no Defence is filed by your customer. After 28 days, you obtain...

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...