In the event you have a debt owing to you or your business, decisive action is often necessary to ensure you receive the money you are entitled to. At Aitken Whyte Lawyers we have extensive experience in debt recovery matters and will provide you with advice and assistance to take the steps you need to recover the debt.
Both in small businesses and personal agreements, debts may often go unpaid. If you are legally entitled to the money by a contract, agreement, or an invoice you have issued, it is generally financially beneficial to pursue the debt so you are not left out of pocket. The longer a debt remains unpaid, the less likely repayment becomes.
As debt recovery lawyers, our strategy to assist you will largely depend on your circumstances and the debt owing to you. We will discuss all your options and potential outcomes and pursue a course of action best suited to recovering your money.
We may issue a letter of demand to the debtor, which will inform them of the details of your claim, the amount they are required to pay, and when and how they are required to pay it. If the debtor is a company, we may instead issue a statutory demand under the Corporations Act. Debt recovery lawyers often find this desirable as once a debtor is served with a statutory demand, they have 21 days to either make payment or dispute the debt via an application in the Supreme Court. If the debtor does not do this, then the debtor company will be deemed insolvent and liable to be wound up.
Aitken Whyte Lawyers provides full services in the area of debt recovery. We deal with the initial stages of recovering a debt, as well as matters of bankruptcy and insolvency (whether personal or for a corporation or company). We can assist you to pursue a debt in the case of debtor bankruptcy or insolvency. We will also assist in applying to the Supreme Court to set a statutory demand aside if it has been wrongly served.
Aitken Whyte Lawyers
Level 6, 9 Lawson St, Southport
Ph: +617 5596 9099