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THE SIMPLE GUIDE TO DEBT RECOVERY
Simple Process of Debt Recovery if no response from debtor
Step 1 Letter of Demand: send a formal letter of demand to the email and or residential address of the debtor. Allow between 7 to 14 days for the other party to respond or repay.Step 2 Notice to Sue: send a formal Notice to sue, this will act as a final notice before you commence legal proceedings. Give the other party 7 to 14 daysStep 3 Statement of Claim: the first Legal step for you to take is to file a statement of claim. We strongly recommend getting legal input during this step.Step 4 Default Judgment: If no response or defence is received you may then file for default judgment.Step 5 Enforcement: enforce the judgement by issuing an examination/garnishee/writ for the levy of property on the debtor.
Simple Process of Debt Recovery if there is a response from debtor Step 1 Letter of Demand: send a formal letter of demand to the email and or residential address of the debtor. Allow between 7 to 14 days for the other party to respond or repay. Step 2 Notice to Sue: send a formal Notice to sue, this will act as a final notice before you commence legal proceedings. Give the other party 7 to 14 days Step 3 Statement of Claim: the first Legal step for you to take is to file a statement of claim. We strongly recommend getting legal input during this step.Step 4 Defence lodged: If a defence has been lodged the matter will take between 9 months to 2 years.Step 5 Pre-trial review/Defence callover: Interlocutory court dates allowing the parties to seek orders.Step 6 Final Hearing: Prepare your evidence and attend a hearing.Step 7 Enforcement: Enforce the judgement, you can issue an examination/garnishee/writ for the levy of property on the debtor If you are stuck, or unsure don’t hesitate to give us a call, whether its simple advice or full-on legal support you require we will assist you to the best of our ability.
Simple Process of Debt Recovery if there is a response from debtor Step 1 Letter of Demand: send a formal letter of demand to the email and or residential address of the debtor. Allow between 7 to 14 days for the other party to respond or repay. Step 2 Notice to Sue: send a formal Notice to sue, this will act as a final notice before you commence legal proceedings. Give the other party 7 to 14 days Step 3 Statement of Claim: the first Legal step for you to take is to file a statement of claim. We strongly recommend getting legal input during this step.Step 4 Defence lodged: If a defence has been lodged the matter will take between 9 months to 2 years.Step 5 Pre-trial review/Defence callover: Interlocutory court dates allowing the parties to seek orders.Step 6 Final Hearing: Prepare your evidence and attend a hearing.Step 7 Enforcement: Enforce the judgement, you can issue an examination/garnishee/writ for the levy of property on the debtor If you are stuck, or unsure don’t hesitate to give us a call, whether its simple advice or full-on legal support you require we will assist you to the best of our ability.