Debt Collection: COVID’s Impact on Creditor’s Statutory Demand
In the Queensland Supreme Court, the recent decision in Sunstate Land Pty Ltd v Highview Design & Constructions Pty Ltd (QSC 2020) has enforced the temporary extension to the compliance period of Creditor’s Statutory Demands. Key Facts On the 20th of March 2020, pursuant to section 459E of the Corporations Act 2001 (Cth), a Creditor’s […]
What Can Debt Collectors Do If You Don’t Pay In Australia
What is a debt collector? A Debt Collector can be a person or agency, usually a law firm or a mercantile agency, that collects debt in behalf of a person or business, a creditor, that owed money by one a debtor. Debt Collectors are usually engaged once a business has exhausted attempts to obtain recovery […]
Five Reasons Why You Need A Debt Recovery Lawyer
When a business or individual decides to engage a third party to recover an outstanding debt they are faced with two main options – choosing a debt recovery lawyer or a mercantile agent. Choosing the right team to recover your debt from the get-go is an important decision and can mean the difference between a […]
Ten Questions To Ask Any Debt Collectors In Sydney
There are a lot of matters to consider when choosing a third party to engage in recovering your outstanding debt. To maximise your chance of a quick, cost-effective recovery, you should ask the following: 1. How much do you charge for a letter of demand? The first step in any debt recovery process is to […]
What is a statement of claim?
A Statement of Claim is a prescribed process for commencing legal proceedings in New South Wales. It must comprehensively set out the relevant facts of the case, the breaches of law, the relief and orders sought. A Statement of Claim needs to set out the legally relevant information and matters that make up your claim […]
What is a letter of demand?
A Woods and Day Letter of Demand is a personalised document, drafted by our solicitors which we send to our client’s debtor to formally demand payment of an outstanding debt owed. What are the benefits of sending a letter of demand? Our Letter of Demand for outstanding payment is a useful first port of call […]
Our Debt Collection Guidelines
At Woods and Day Solicitor’s we have bespoke solutions for recovering your debt. We offer a variety of different strategies in recovering what is rightfully yours. If you have an issue with outstanding invoices or bad debtors, you have come to the right place – our lawyers are experts in the field. Our Bespoke Letter […]
How to identify the right debt collection agency for your business
Have you considered a law firm specialising in debt collection? Unpaid invoices can disrupt cash flow and can easily damage your financial security. Engaging a debt collection agency or law firm specialising in Debt Collection can be an investment for your company. Identifying the right collections agency or law firm specialising in Debt Collection requires […]