Tag: Debt Recovery

What is a Writ of Execution? The most common mode of enforcing the judgment debt against an individual judgment debtor or a company judgment debtor is to issue a Writ of Execution. This is a direction to the Sheriff or Bailiff to attend a given address...

  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,...

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...

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...

Leading commercial and insolvency lawyer Mark Streeter says many companies are uncertain about whether their credit is secured since the introduction of the Personal Properties Security Register on 30 January 2012. He says many companies have failed to...

Mark Bouris raises Contempt of Court case against former directors The Situation - Ignoring Interim Freezing Order In June 2009, Mr Mark Bouris became the chairman of TZ Ltd. Mr Bouris is well known as the star of The Apprentice reality TV show and as...

    Many people wonder what limitations are placed upon an individual after they are declared bankrupt. Upon becoming bankrupt almost all of their property goes to (‘vests in’) the person's Trustee in Bankruptcy.    It is then an offense...

It pays to act on overdue accounts Every business needs to manage their cashflow. Overdue accounts can make this hard. This case study demonstrates how bringing in Streeterlaw Sydney Lawyers speeded up the process dramatically. The Pain Aged debt...

Don't panic if your debtor appoints an Administrator Have you ever been ‘surprised’ to receive a letter regarding one of your clients who owe you money advising that an Insolvency Practitioner has been appointed an Administrator of the company?...

Shared property gambled away may need to be repaid An issue may arise as to one person’s conduct either during the marriage or after separation when they dispose of matrimonial property. The Family Court is a Court of Equity, that is, they will not...