Debt Recovery

Benjamin and Robinson Solicitors has an experienced and highly successful debt recovery department.

We act for a number of credit departments of large multi million dollar corporations as well as small businesses and individuals.

What is debt recovery?

Debt recovery is the process of collecting debts owed to a creditor through various forms of legal action.

There is much more to debt recovery than just suing a debtor for payment.

What options are available to creditors (the person/business owed money)?

There is a whole range of alternatives for collecting debts. The strategy to recover a debt varies from case to case, depending on variables such as:

The identity of the debtor;
The financial position of the debtor;
The size of the debt;
The terms of credit (if any);
The relationship between the debtor and the creditor; and
The nature of the creditor.

Debt enforcement alternatives include:

Suing for the debt;
Bankruptcy;
Winding up of companies;
Seizure of debtors goods;
Sale of debtors real estate;
Registration of a caveat on the debtors land; and
Listing with a credit reference provider.

Preventing bad debts

Benjamin and Robinson Solicitors can also help you develop terms of trade appropriate to your business to help provide protection against defaulting debtors.

Contact Benjamin and Robinson Solicitors now on (02) 9547 1733 to speak with an expert lawyer in debt collection services.