Balancing your financial situation can be hard enough, without the added pressure of not being paid when you expect to be. In fact, the impact can be devastating, both personally and financially. You want to recoup the money owing to you as quickly as possible, and with minimal cost.
When someone owes you money, you should try to keep the lines of communication open and send them a gentle reminder for payment. If a friendly reminder yields no result, we can assist by sending them a formal Letter of Demand that clearly sets out the details of the money owing, and gives them a deadline by which to pay. If that deadline passes and they still have not paid (or responded to your letter to your satisfaction), you may need to consider commencing legal action to recover the money.
In all of your dealings with someone who owes you money, we strongly recommend keeping records of all your interactions with them. It’s a good idea to note your conversations with them in a diary, and keep copies of all relevant documents – including any written agreements, or emails, letter or text messages about the matter. Those documents could be important evidence to back up your claim if the matter goes before a court or tribunal.
If the party that owes you money (debtor) is an individual, you will need to sue them and get judgment in a court first. There are various options post-judgement, including seeking a further court order which will result in compulsory deductions from that person’s salary by their employer or bankruptcy.
If the debtor is a company, you have clear options:
All the above are powerful mechanisms when considered carefully and implemented correctly.
Talking to an experienced solicitor about your case at the beginning, can help you get a better result in the end.
At PCL Lawyers we can help you by:
We understand that when you’re owed money, you want to be paid as quickly as possible without incurring a lot of extra costs in the process. At PCL Lawyers, our experienced solicitors can help you through all or part of the debt recovery process, and give you practical and cost-sensitive advice, so you get paid sooner.
Simply contact us on 1300 907 335 or complete the enquiry form on this page.
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