ChillSpot1 - What do Debt Recovery Solicitors do? Stonegate Legal - Solicitors in Brisbane and Sunshine Coast

What do Debt Recovery Solicitors do? Stonegate Legal - Solicitors in Brisbane and Sunshine Coast

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Debt-Recovery-Lawyers

Uploaded: Dec 1 2023

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Description

Do you need to recover a debt or enforce a money order?

Are you unsure if you should do it yourself or engage a debt recovery lawyer?

This video will explain exactly how a debt recovery lawyer can help.

Debt recovery solicitors are legal practitioners, admitted to practise law in their State, Territory, or jurisdiction, who focus on the recovery of debts and the enforcement of money orders.

Debt recovery solicitors are different to debt collectors because they are actually admitted solicitors, who have passed the requirements to practise law in Queensland and understand the commercial legal debt recovery process.

Debt recovery solicitors offer advice and assistance in relation to:

1. Legal advice to creditors and debtors;
2. Letters of demand and negotiating settlements;
3. Mediation or other alternative dispute resolution;
4. Recovering unpaid accounts for your business;
5. Suing for a debt in the courts or tribunal;
6. Drafting and serving a claim and statement of claim;
7. Enforcing a judgment or money order;
8. Statutory demands and winding-up applications;
9. Bankruptcy, personal insolvency, and personal debts;
10. Credit agreements, contract terms, and guarantees;
11. Caveats, the enforcement of mortgages other security;
12. Personal property securities registration; and
13. Mareva injunctions or freezing orders.

Debt Recovery Advice to Creditors and Debtors

It is not just creditors that debt recovery solicitors act for, but we also act for debtors too.

It might not always be the case that a debtor does not want to pay, or do not have the means to pay.

In some cases, a debt dispute may arise because of:

1. The other party’s breach of contract; or
2. Incomplete or unsatisfactory work; or
3. The goods / services provided were not of acceptable quality; or
4. You have a genuine offsetting claim against the other party; or
5. Any number of other genuine reasons.

If this is the case, then you may have a genuine defence to a debt claim. Debt recovery matters are not always as black and white as people think.