Debt Recovery
Debt recovery is seamless & cost effective with us.
Are you facing difficulty in collecting debt money owed by your clients?
Although debts are inevitable in business dealings, it is not prudent to throw away good money in attempting to recover the debt money. And writing off the debt is not a choice as it can make your establishment look like an easy target for fraudsters.
We minimise the cost of debt recovery through our cost effective services. When compared to debt collection services, legal collection is less expensive and in many situations the legal costs can be recovered.We deal effectively with all matters related to debt recovery so you can relax and concentrate on your business.
As professional business lawyers in Melbourne, and offers highly specialised commercial debt recovery services. We possess detailed and extensive knowledge of the legal system and use a resolute approach to help you recover the funds you are owed. Irrespective of the debt size, we provide appropriate legal representation and save you time and money in the effort.
How Can We Help?
How our debt collection system works
Our commercial lawyers specialising in debt collection follow a highly successful debt recovery system.
The system is very simple and effective too with a proactive approach that has worked for us successfully.
We begin the debt collection with a consultation to understand the debt situation. We learn about the debt situation and provide you with the various options available on recovering the debt legally. The options provided are based on several factors such as location, nature of debtor and size of the debt.
The second step is sending an initial letter as reminder of the debt owed to you. You have to track the delay in instalment payments, so we can use it in the reminder letter effectively.
The third step is establishing contact between the debt collection services we are linked with and the concerned debtor via a demand letter. The amount owed by the debtor and the method the borrower can use to make the payment will be outlined in the demand letter. The debtor will be advised to pay the money to prevent legal action.
The debt collectors then get in touch with the borrower via phone to add more urgency to the demand. This will also encourage the borrower to take fast action.
The next step is to use legal proceedings and statutory debt payment demand of creditor, liquidation and bankruptcy. These steps are part of our debt collection and used when necessary. The methods differ based on the debtor type and the situation. The main objective of such processes is to gain maximum leverage on the borrower.
Once the legal process starts we provide a few options for the debtor. The options we provide for the debtor include
When the judgement is given and matters are settled, we will help draft the settlement deed. The debt acknowledgement of the debt will be in the deed. In case the debtor breaches the terms of the payment, he can be sued based on this deed, as the debt is clearly stated here. The deed makes it easy to prove the debt in court.
Speak with our Legal Professionals today!
Contact us today for a free quote or to arrange a free, no-obligation consultation with one of our experienced Melbourne based property lawyers.
Let our professionals help recover your debt
Debt settlement takes plenty of finesse, if you want the entire process to proceed smoothly. The debt collectors we use employ exclusive methods for encouraging debt settlement. On failure of negotiation, the debtor will be forced to settle debt via legal process. We help in securing the debt amount and also recover the legal costs.
While the commercial debt recovery process is underway, we will update you on the progress continuously through every step. The legal methods we use are proven to be effective and focus mainly on recovery of your money.
Since dealing with debt can consume a lot of time, money, and effort, it makes sense to take preventive steps to avoid such situations in the future. A reliable method to prevent bad debts is to make sure the trade and contract agreements you create are fitting. Our team helps ensure the terms are clear and the process is robust, helping you avoid costly and prolonged litigation.
Contact us for an effective commercial debt recovery
The experienced and skilled debt recovery lawyers who are capable of restoring the cash flow your business needs. We can help you recover your debt with minimal time, money and effort.
Our debt recovery lawyers will explain the entire process clearly so you will have a hassle free time and focus on your core business instead of worrying over the cash crunch the debts have landed you in.
Call us for a consultation on how you can recover your debt or email or fill in the form here to set up an appointment. We are just a phone call away. Contact us now.
Contact Us?
Our Commercial Business legal team offers an extensive range of legal aid concerning anything related to litigation.
Our skilled and knowledgeable professionals are ready to assist you in the most efficient and expedient way. When you avail our legal services, you can leave all the legal matters in our capable hands. We ensure you receive the appropriate legal assistance.
Contact Us
Our Commercial Business legal team offers an extensive range of legal aid concerning anything related to litigation.
Our skilled and knowledgeable professionals are ready to assist you in the most efficient and expedient way. When you avail our legal services, you can leave all the legal matters in our capable hands. We ensure you receive the appropriate legal assistance.