Overdue invoices can critically affect the operation of your business.
Lawyers experienced in a broad variety of debt matters servicing Dandenong and surrounding areas.
Maintaining cash flow is essential to any business and chasing up debtors takes you away from what you do best – running your business.
Most debt matters are settled by negotiation. We take a practical approach to debt collection – initially, we send a formal letter of demand to the debtor. This shows the debtor that you are serious about pursuing the money owed to you and often a letter from a lawyer is sufficient to persuade a debtor to pay. We can negotiate a settlement or draw up a payment plan if necessary.
But if a debt remains unpaid by the requested time, you may need to commence proceedings in court to recover the money owed to you. We will help you through the process.
The court process varies according to whether the debtor is an individual or a company and the amount of money owing to you:
- If the debtor is an individual – once you obtain a court judgment against the debtor, you can enforce that judgment in various ways.
- If the debtor is a company – you first need to serve the debtor with a statutory demand (where a debt is $2,000 or more). If the debtor does not pay or enter into an arrangement with you within 21 days after being served with the statutory demand, the company is deemed to be insolvent and you may apply to a court to have the company wound up.
We understand that it’s important that you be paid money you are owed as quickly as possible. Our experienced lawyers can give you practical and cost-effective advice to guide you through the debt recovery process so that you get paid sooner.
If you owe someone money, we can also assist with reaching a settlement or defending any court proceedings that have commenced against you.
We can also assist those located in Dandenong and surrounding areas with Conveyancing & Property Law services.
Contact us or phone us on 9793 5844 to make an appointment for a free half hour consultation.