Whether you owe someone else money or someone owes you money, Debt Recovery can be a complex and difficult area to manage. Depending on your circumstances, amount owed and previous history with debts, there are a number of options that you can consider as to how to recover debt from someone or how someone may recover debt from you.
Common methods of debt recovery that our team here at Marsdens can assist you with include:
- A Letter of Demand;
- A Creditors Statutory Demand for a business;
- A Bankruptcy Notice; or
- Commencing proceedings in a Court.
Whether you are a business or an individual, there are a number of options available to you to recover debt and our team here at Marsdens are specialised and able to provide you with tailored and bespoke legal advice and assistance to help you recover money.
Should you owe someone else money and are a currently facing debt recovery proceedings or action, speaking to someone and obtaining legal advice as to your options should always be considered.
Steps should be taken such as negotiating payment arrangements or defending debt recovery proceedings that can help find a resolution to the current matter on foot. Both businesses and individuals can benefit from tailored legal advice if they owe someone money and are currently being pursued through debt recovery for those funds.