Debt Recovery

• 1.

  Assessing the Debt The first step in the debt recovery process is assessing the debt and your right to claim the debt. We help you to confirm the amount of debt owed, the debtor's identity, and their location. We also evaluate the strength of the case, ensuring that you have a viable legal claim against the debtor.

• 2.

  Preparing the Claim Once the debt has been assessed, the next step is to prepare the claim. This includes drafting the necessary legal documents, such as letters of demand, court proceedings, and statutory demands. We can provide you with comprehensive advice on the most appropriate legal action to take in a particular case and can prepare and file the relevant legal documents on your behalf.

• 3.

  Mediation and Negotiation In many cases, you may be able to recover your debts without the need for formal court proceedings. Mediation and negotiation can be an effective alternative to litigation, saving both time and money. We can help you negotiate with the debtor, attempting to reach a mutually beneficial settlement that avoids the need for litigation.

• 4.

  Court Proceedings If mediation and negotiation are unsuccessful, court proceedings may be necessary to recover the debt. We can represent you in NSW court proceedings, explain your legal rights and obligations throughout the process, and help identify the appropriate court for the claim.

• 5.

  Enforcement of Judgments If the court rules in favour of you, it will issue a judgment in your favour. However, this does not necessarily mean that the debt will be paid. You are then required to enforce the court judgments, ensuring that the debtor complies with the court's orders and that the debt is recovered in full.

At Biz Lawyers and Advisory, we assist businesses in NSW with debt recovery steps and related disputes. Our team can help you review the documents, consider available procedures and decide whether legal action is appropriate in the circumstances.