Debt Recovery -
Basic Solutions

If it gets to this stage, it is time to let the professional debt collection specialists take over. Commercial debt collection services usually have a high rate of success of getting the money, without the need to go to court. However, debt recovery services come at a cost.

Debt Collectors usually charge a commission on the amount of money they recover for you. If they can't collect the money for you without starting court action, they will also most likely charge you an administration fee. It is important that you choose the right debt recovery service. You should choose the debt recovery service that has a high success rate.

Click, if you would like to read more about the steps to take to collect your money.

A word though, there are people out there, who are professional debtors. They make their arrangements so that they never become personally liable, or they just don't care and will move on to avoid you collecting the money due. 

Some debtor's know how to delay you getting the court orders needed to collect the money due, and work the system, buying time so they can re-arrange their affairs to avoid paying you.

Below is a discussion which will provide you with links to many of the debt recovery pages, which pages themselves, have links to other pages, offering information and advice in the various stages of the debt collection process.

If demands by you, and the commercial debt collector do not get the money paid, you then have 2 choices. The first one is simple, you write it off as a bad debt, and forget about it.

You may have written the debt off, but it doesn't mean you can never collect on it. Click to read more about collecting old debts.

Or, you can take court action to get a court judgement, which is an order of the Court that you are owed this money.

It is important that you start debt recovery in the right Court. Click for a discussion on how to choose the right Court.

It is when you are armed with this court judgement that you are allowed to take other legal steps to get the money.

There are quite a few legal options available to collect the money after you get a Court judgement. Click to discover what they are.

If it gets to the stage where your only choice is to take court action, so you can get a judgement, and take other steps to collect the money, you will want to make sure the Debtor doesn't use the Court system to get away on a technicality. It happens!

You can never guarantee that you will always collect money that is owed to you. Debtors do go bankrupt, or just disappear. You can do some simple things to lower your risk of getting nothing at all.

The Right Actions to Improve Prospects of Successful Debt Collection!

It really is about taking the right actions at the time of entering into an arrangement with someone else, where you will be owed money, whether it is for work done, or a loan, or some other deal. Click for some basic tips of what you should do.

Service of Documents.

Court documents have to be served properly, click to read more.

Bankruptcy of Liquidation?
After you get a judgement, you can bankrupt or liquidate a Debtor. Click  for more information.

Court Procedures.
Each Court has its own procedures leading up to a hearing. Click for information on procedures in the General division of the Court.

Or, click  to read about the Court procedures in small claims.

Seizure of Debtor's Goods.

Armed with a court judgement, you can get the Sheriff to seize the Debtor's goods to sell to pay the debt. Click for more information.

Garnishee.

If the Debtor is employed or has money in the bank, you can get a Court order to have part of the wages or the money paid to you. Click  to read more about a Garnishee.

Sale of Debtor's Real Property.

Click to read about how this is achieved.

Debt Collection and Debt Recovery can be quite involved and complicated. You really should let the professional debt collection agent or solicitor advise you as to the best course of action, and look after it for you. It will cost you money, but in most cases, provided the debtor has assets, you should recover the additional costs you spend.

Contact:

Phone 02-4333 1690    Fax 02-4333 5144