Debt Recovery
In acting for a creditor the steps usually taken for recovery of a debt are:
- Letter of demand, giving the debtor a limited time to pay the debt or enter into an arrangement for payment that is satisfactory to the creditor
- If there is no satisfactory response to the letter of demand, commence proceedings in the appropriate court
- If the proceedings are not defended, obtain judgment by default
- Commence enforcement action to recover the amount of the judgment debt. Enforcement action may include:
- An application to the court to wind up a company
- An application to the court to bankrupt an individual
- Enforcement hearing to obtain information to facilitate the enforcement of a money order
- Enforcement warrant for seizure and sale of property or redirection of earnings
- Enforcement warrant imposing a charge on shares or securities
- Enforcement warrant for appointment of a receiver
- For non-money orders, possession of land, delivery of or payment for goods, seizure and detention of property
We are currently offering our debt recovery service on a fixed fee basis:
- $195.00 to review documents and issue a letter of demand to the debtor;
- $295.00 (plus a court filing fee) for preparation of a claim and statement of claim.
Please refer to the attached brochure for more details. PM Lee Co – Debt Collection
Please call Peter Lee or Graham Knight on +61 7 3186 6666 or email peter@plee.com.au if you have any enquiries.