Primary Contacts
Mark Gustavsson
Principal Solicitor
- (08) 7079 7651
- mark@mgandassociates.com.au
- Mark Gustavsson
Debt Recovery
The Debt Recovery process can be difficult and time consuming, especially when your cash flow is tight.
Utilising a Debt Recovery Action Plan through a specialist Debt Recovery Lawyer can help you recover monies effectively and legally.
Don’t let your business be compromised by non payers. Reach out today to book a free 15 minute consultation to assess your debt and develop your Debt Recovery Action Plan.
MGA believes that preparation is key. With our extensive experience in commercial and business law, we are able to provide expert advice on Debt Recovery and Credit Management
Credit Management
- Preparing credit applications and director’s guarantees
- Preparing terms of trade and invoice documentation ensuring enforceability and compliance with legislation
- Preparing security documents such as mortgages, bills of sale, charges and drafting industry-specific retention of title clauses
- Irrevocable authorities
- Personal Property Security Registration
Debt Recovery
- Cost-efficient debt collection services
- Enforcement of judgments and securities
- Preparing plain-English debt agreements
- Whole ledger collection
- All aspects of Bankruptcy and Winding Up
Download your debt recovery pricing guide
Your Debt Recovery Journey
The normal Debt Recovery journey for a business can be time-consuming.
Utilising a Debt Recovery Lawyer early in the process can reduce the time spent recovering your debt.
Accounts Receivable
• Invoice Issued to Client
• Invoice not paid by Client
• Multiple Statements, Multiple Emails, Multiple Calls
• Client does not respond or pay
Debt Recovery Agency
• Call Client
• Issue more Statements on their letter head
• Client still does not respond
Refer to Debt Recovery Lawyer
• Issue court approved Debt Recovery Demand*
• Negotiate payment if client responds
• Legal Proceeding through fixed fee options
• Judgement and Enforcement
If you are ready to use a debt recovery lawyer, contact us.
* A Debt Recovery Demand
Depending on the type of debt and the person owing you money, depends on the type of Court Approved demand that will be required
How we do it
1. Gather Your Information
Gather your customer credit applications, quotes, purchase orders, invoices, terms of trade, credit notes and any debt correspondence you have had with the person or company owing you money.
2. Book a 15min Free Consultation
Schedule a free, no-obligation meeting via phone or video conference today with our experienced solicitors.
3. Debt Recovery Action Plan
MGA develop a Debt Recovery Action Plan specifically for you and your debt recovery.
4. Action It!
Once the Action Plan is agreed, MGA action the steps to achieve a postive outcome for your debt recovery.
Our Track Record
We understand the unique challenges that businesses face when trying to collect unpaid debts, and we’re here to help. Our commercial lawyers have successfully resolved numerous disputes in the Magistrates Court, District Court, and Supreme Court of South Australia. We’ve worked with businesses in a variety of industries, and we know what it takes to get results. Contact us today to discuss your case and find out how we can help you get the money you’re owed.
Frequently asked Questions
The first step in the collection process is to send a letter of demand. This is a formal notice that requests payment within a certain time frame. This letter will outline the amount owed, as well as any interest and late fees that may be applicable. It will also give the debtor a deadline for payment. If payment is not received by the deadline, you may then take further legal action.
If the debtor does not respond or pay within that timeframe, we can then take legal action.
Filing a lawsuit is often the only way to get their attention and collect the debts owed. This is a process where we take the debtor to court to try and get a judgment against them. Once the lawsuit is filed, the court will set a date for a hearing
Serving the debtor with the lawsuit gives them notice that they are being sued and gives them 20 days to respond. If they don’t respond within that time frame, then we can request a default judgment from the court.
If the debtor does not respond to the lawsuit within the allotted time, a default judgment will be entered in favor of the creditor. The court will then order the debtor to pay the full amount of the debt, plus interest and any other costs associated with the lawsuit.
After we win a judgment in court, there are a few different ways to collect the money that is owed to you. One way is wage garnishment, which is when the court orders the debtor’s employer to withhold a certain amount of money from their paycheck and send it to you. Another way is asset seizure, which is when the court orders the sheriff to seize any assets that the debtor has, such as cars or houses, and sell them in order to pay off the debt.