| We can issue letters of demand requiring payment of your debt followed by a
Statement of Liquidated Claim which requires payment within 28 days or a Defence to be
filed. At the end of this time we can apply for judgment if no Defence has been filed or
represent you in Court.
Once judgment is entered in your favour, it is necessary to take steps
in any of the following methods:-
- Writ of Execution which directs the Sheriff to attend the debtor’s premises and
take the goods and chattels and sell them in payment of your debt.
- Garnishee Order which is an order of the Court directing the employer or Bank to pay you
money which is otherwise due by it to the debtor in payment of your debt.
- Bankruptcy which requires payment or a Bankruptcy order will be made.
- If the debtor is a corporation, the commencement of winding up proceedings.
CURRENT LECTURES ON ASPECTS OF DEBT
RECOVERY, BANKRUPTCY AND CORPORATIONS LAW
As
lectures are regularly being given, you may wish to contact our office for any recent
papers written by the practitioners which can be emailed to you for more in depth
discussion of debt recovery and insolvency law.
Click here to display a short paper on Debt Recovery
processes in New South Wales. |
