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.
Where the debtor is a company and the debt is undisputed, a statutory demand is often the fastest lever: 21 days to pay or face a presumption of insolvency. We prepare and serve statutory demands, and bring winding up applications where they go unanswered, through our insolvency disputes practice. Larger contested recoveries run through our commercial litigation team.
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 options do I have to recover a debt in NSW?
Options include a letter of demand, statutory demand for company debtors, filing a claim in the Local, District, or Supreme Court depending on the amount, and enforcement proceedings once judgment is obtained including garnishee orders, writs of levy, and examination of the debtor.
What is a statutory demand and when should I use it?
A statutory demand is a formal demand served on a company under section 459E of the Corporations Act requiring payment of a debt of $4,000 or more within 21 days. Failure to comply is deemed evidence of insolvency and supports a winding-up application. It is a powerful tool but must be issued correctly.
How long does debt recovery take in NSW?
An undefended claim in the Local Court can be finalised in 4–8 weeks. Defended matters and larger claims in the District or Supreme Court take considerably longer. Enforcement after judgment takes additional time depending on the debtor circumstances.
Can I recover my legal costs in a debt recovery matter?
In the Local Court, costs are fixed by scale. In the District and Supreme Courts, a successful plaintiff is ordinarily entitled to a costs order. HG Law provides fixed-fee debt recovery services so your costs are transparent from the outset.
What happens if the debtor has no assets?
If enforcement reveals the debtor has no realisable assets, you may need to consider writing off the debt or monitoring for future asset acquisition. For companies, a winding-up application may be appropriate where the debt is substantial. HG Law advises on the most cost-effective recovery strategy based on the debtor profile.
Professional and on time. Our lawyer is a person of high integrity and is genuinely committed to helping us achieve our goals. If Chris Chang leaves the firm, we will follow him. All aspects of their work were performed at an exemplary standard — skill, timeliness and client service. Good practical advice speedily given and implemented. Responsiveness, quality, professionalism and value. Highly recommend working with Chris — responsive, professional and outcome-focused, and very well-priced given the exceptional quality of work. Chris Chang always responded very promptly. Heathfield Grosvenor have no areas in which they could improve — our experience was nothing but positive. Professional and diligent in their research, prompt and timely in their responses. I achieved a favourable outcome. Highly professional, diligent, and trustworthy services. Chris went above and beyond — and truly cares about his clients. Chris provided excellent advice and great service. I would highly recommend. They made the process seamless for us. Very professional and very knowledgeable in their field. Chris Chang goes above and beyond to get the desired results. Their pricing is fair and you don't feel like you're constantly on the clock. Very professional service and top quality advice — quality, professionalism and value. Excellent and timely advice, professional handling of all issues. All was good, easy communication (we are from Italy), efficient support, fast procedures. Understood exactly the issue and resolved it right away. Made sure I did not include unnecessary expense in pursuing my litigation for a broken contract.Testimonials
