Category: Debt Recovery

What is an Examination Notice?

7-March-2013 Commercial Disputes,Debt Recovery 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 Commercial Disputes,Debt Recovery 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?

Commercial Disputes,Debt Recovery 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...