Debt Recovery Lawyers Sydney
Heathfield Grosvenor Lawyers provide debt collection and recovery services in Sydney to enable individuals and companies to secure unrecovered debt
Debt Recovery & Collection Lawyers
Unpaid debts can have a serious impact on the cashflow of a business or the lifestyle of an individual. It is essential to take swift legal action to eliminate outstanding debts and improve cashflow.
In partnership with our specialist debt recovery lawyers in Sydney, we have helped hundreds of individuals and companies to recover unpaid debts to boost cashflow and settle outstanding accounts in a timely manner.
To find out how we can help you or your company to recover outstanding debts, get in touch with our Sydney debt recovery specialist lawyers today for a consultation.
How does debt collection and recovery work?
Debt collection services help individuals and companies to recover unpaid debts in exchange for an agreed fee.
Once attempts to recover owed money through reminders or contact, debt collection services take the next step in the process by sending a letter of demand. The letter will outline to the buyer that you have decided to hand the matter over to a legal professional who will be pursuing unpaid debts on your behalf.
Commencing debt recovery can be a stressful undertaking. Our experienced debt recovery lawyers make every effort to make the process simple and mitigate any conflict. By handing off your debts to an experienced legal professional, you’ll have the reassurance of knowing that your debts will be settled as quickly as possible.
Who we work with for debt recovery services
Heathfield Grosvenor Lawyers have extensive experience across a range of debt collection cases from late payers to non-payers, and debt disputes. Some of our most common debt recovery disputes include:
- Businesses that are chasing owed monies from a customer or client
- Companies or individuals seeking to recover money from loan agreements
- Companies looking to recover outstanding fees from customers
- Secured creditors requiring debt recovery assistance
- Bulk debt recovery cases
- Individuals and companies that require help with settling a debt claim or dispute
- We also act as defendants for individuals or companies that are facing unfair debt demands in cases where they believe that they may not be required to pay.
As debt recovery specialists, we aim to settle matters as quickly as possible while mitigating conflict and ensuring the best outcome for our clients.
Debt Collection & Recovery FAQs
What is the limit for debt recovery in New South Wales (NSW)?
In New South Wales, cases to recover unpaid debts must generally be made within six years from the date from when the money became due and payable.
What is a letter of demand?
A letter of demand is the first step towards recovering unpaid money. As debt recovery lawyers, we send a letter of demand on behalf of our client that states how much is owed, what for, and when the invoice must be settled by. A letter of demand is an effective way to let a debtor know that you will be going through legal channels to recover unpaid debts. In many cases, a letter of demand is enough to spur action from a debtor and recover unpaid debts in full.
What is the difference between a debt collector and debt recovery lawyer?
Debt collectors have a bad reputation as they will typically use non-legal methods of debt recovery and negotiation. A debt recovery lawyer, on the other hand, are qualified legal professionals who provide legal advice and represent clients in legal proceedings to take legal action to recover debts. Lawyers have the capacity to take debt matters to court, whereas a debt collection agency has limited options to force payment when a debtor refuses.
Debt recovery lawyer vs debt collector – which should I choose?
Debt collectors and debt collection lawyers both work to recover unpaid debts, however, the way that they go about this can be very different.
Lawyers are qualified legal professionals who aim to recover debt through recognised legal channels. Engaging a Sydney debt collection lawyer or solicitor ensures that you are taking the correct and approved avenues to recover unpaid debts. If initial debt recovery efforts are not successful, then you will have the option to proceed through the NSW court system to recover owed debts.
Will I need to go to court to recover unpaid debt?
We take every effort to recover debts through legal methods outside of the NSW court system. In cases where the debtor refuses a letter of demand, we may need to start legal action through the court system to recover unpaid monies.
News & Insights
- All Post
- Business Law
- Commercial Law
- Copyright
- Disputes & Litigation
- Employment law
- Intellectual property law
- Litigation lawyers
Table of Contents When negotiating a contract the parties commonly think about what should happen in the event that the…
BACKGROUND Following public consultation processes, new laws[1] came into force on 12 November 2016 which extended existing consumer protection laws…
Intro If a company owes one or more debts which are due and payable to a creditor and which remain…