Debt Recovery and Creditor Remedies

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Debt Recovery and Creditor Remedies

Knowing when to take the next step in pursuing unpaid debts can be a difficult decision, and often creditors become embroiled in extensive correspondence with debtors when trying to negotiate payment.  Chris has had extensive experience in providing creditor clients with efficient and cost effective returns on outstanding debts.  Demand on payment may often result in a negotiated settlement for payment of the debt.  Failing that, there are other options open to creditor clients to assist in achieving a recovery of the debt, including the issue of a court order.  There are also various enforcement steps available such as obtaining charging orders (a charge over a property), attachment and garnishee orders (automatic deduction of funds from income), sale orders (requiring sale of personal property), and bankruptcy and liquidation proceedings.

Providing exceptional service and goods are important aspects of running a successful business.  Unfortunately, many businesses do not achieve their full potential simply because they have been let down through late or non-payment by their clients.  Effective and efficient credit control requires having well planned credit protection mechanisms and debt collection processes.  Chris assists manufacturers, wholesalers, retailers, service professionals, financiers and lenders, landlords etc to protect themselves from debtor defaults and to recover unpaid debts ranging in amounts from a few thousand to several million dollars.