Debt Recovery Lawyers in Sydney

Debt Recovery Lawyers

At H + A Legal, we specialise in comprehensive debt recovery as part of our commercial dispute services. Whether you’re dealing with unpaid invoices, loans, or other forms of debt, our experienced team of lawyers in Sydney is here to assist. 

We understand the stress and frustration that unpaid debts can cause; therefore, our mission is to empower you with legal expertise and ensure your business thrives by providing practical legal and business solutions.

 When can a debt lawyer help?

• If someone owes you a significant sum of money, this can include clients, suppliers or partners.
• If the attempts to recover the debt have been unsuccessful.
• If someone is saying you owe them money
• If you have a high volume of debts to recover.
• If you need to enforce court judgments to ensure debt repayment.
• If you’re unsure if you need a debt recovery lawyer or advice on legal options.

We can help with

• Drafting agreements
• Pre-litigation
• Litigation
• Alternative dispute resolution
• Debt recovery services
• Defending or commencing the dispute resolution process
• Letters of demand
• Statements of Claim
• Advising on risk and liabilities
• Obtaining and enforcing judgments
• Statutory demands
• Payment agreements
• Debt collection legal advice
• Representation in court

Debt recovery and debt collection: what’s the difference? 

Debt recovery and debt collection are often used interchangeably, but they are distinct processes. Debt recovery involves legal action to reclaim unpaid debts, often requiring the intervention of lawyers. 

Debt collection, on the other hand, is typically conducted by collection agencies who attempt to recover debts through non-legal means.  

Expert debt collection lawyers for commercial dispute resolution with H+ A legal

At H + A Legal, our expertise extends beyond debt recovery to offer a wide range of commercial dispute services tailored to support your business.  

Our team is skilled in resolving disputes related to wills and estates, managing conflicts over property issues, and navigating disagreements between employers and employees. Additionally, we provide expert guidance and representation in insolvency matters and more. 

Trust H + A Legal to deliver comprehensive and effective legal solutions for all your commercial dispute needs.

Frequently Asked Questions

What is the typical process for debt recovery through legal action?

The typical process for debt recovery through legal action involves several steps. Initially, a letter of demand is often sent to the debtor outlining some background to the matter, the amount owed, and the request for payment within a certain timeframe. If the debtor fails to respond or refuses to pay, legal proceedings may be initiated, which can include filing a Statement of Claim in the relevant NSW court. Subsequent steps may involve court hearings, evidence submissions, and judgment enforcement if the court rules in favour of the creditor.

How long does it usually take to recover a debt through legal means?

The duration of debt recovery through legal means can vary depending on various factors, such as the complexity of the case, the debtor’s cooperation, court schedules, and potential appeals. In general, the process can take a month or two to years to resolve.

What should I do if I receive a letter of demand from a creditor?

If you receive a letter of demand from a creditor, it’s important to seek legal advice. Ignoring such a letter can escalate the situation and lead to further legal action. Discussing your options with a legal professional can help you understand your rights and potential courses of action.

What happens if the debtor declares bankruptcy during the debt recovery process?

If the debtor declares bankruptcy during the debt recovery process, it can complicate things. Bankruptcy proceedings typically involve a stay or hold on debt collection efforts, and creditors may need to file claims with the bankruptcy court to seek repayment. The outcome for creditors depends on various factors, including the debtor’s assets, debts, and the type of bankruptcy filed. 

Are there any alternatives to litigation for debt recovery?

Yes, there are alternatives to litigation for debt recovery, including settlement negotiation, mediation, and arbitration. These alternative dispute resolution methods can often be faster, less expensive, and less adversarial than traditional litigation.  

What types of documentation do I need to provide to support my debt recovery claim?

Documentation required to support a debt recovery claim may include contracts, invoices, payment records, communication with the debtor, and any other relevant correspondence or evidence demonstrating the debt owed and attempts to recover it.