Stephen Wawn & Associates can assist both debtors and creditors in all aspects of debt recovery and negotiation. Our debt recovery lawyers in Sydney are experienced in commencing proceedings, obtaining and enforcing a judgment and negotiating with debtors or defending disputed debt claims.
Our debt recovery lawyers can provide legal advice and act as your representative in litigation for a debt-related matter in a Tribunal or the Local Court, District Court of NSW, or Supreme Court of NSW.
We are a law firm, not a debt collection agency. If your efforts to recover debt have been unsuccessful Stephen Wawn & Associates can assist you in litigation.
We can assist in recovering any debt owed to you, including small & large debts, secured & unsecured debts. We will provide you with advice on the most cost-effective way to recover what is owed to you.
Whether you are a small business or a large corporation, dealing with commercial debt can be challenging. Our commercial debt recovery experts are well-versed in the intricacies of the corporate world and can effectively recover outstanding payments, maintaining your business relationships intact.
Unpaid invoices and delinquent accounts can severely impact the cash flow of any business. Our specialised team of business debt recovery lawyers works diligently to recover your debts promptly, allowing you to stay focused on running your company smoothly.
In some cases, it becomes necessary to commence legal proceedings to recover a debt. Our team are very experienced in preparing statements of claim and obtaining a judgment that can be enforced against debtors in a cost-effective and timely manner.
Obtaining a Court order or judgment against a debtor is not always the end of the story. Our team can assist you in enforcing a Court order or judgment and recovery of the money owed through the Court process and other collection methods.
If you are owed a debt by an individual who has failed to pay, you may be able to commence a bankruptcy process against them. The process includes issuing a Bankruptcy Notice to the person and can result in a third party managing their assets to pay your debt.
If a company owes a creditor a debt, that creditor may issue a statutory demand on the company. If a company does not pay the debt or negotiate the debt, the company will be deemed insolvent and may be wound up. Our team can assist creditors and companies with issuing or negotiating a statutory demand. Incorrectly issuing a statutory demand or ignoring it can have severe consequences for both the creditor and the company.
Our debt recovery lawyers in Sydney are well-versed in the legal framework surrounding debt disputes in NSW to assist you in having a smooth and efficient recovery process.
Here’s an overview of the typical debt enforcement process:
Stephen Wawn & Associates is your reliable partner for debt recovery in Sydney. Our team of expert lawyers is dedicated to providing you with effective, tailored solutions to recover your outstanding debts promptly. Don’t let unpaid debts burden your business any longer.
Contact us today and let us help you reclaim what is rightfully yours.
Legal debt recovery can be pursued for various types of unpaid debts, including outstanding invoices, loans, credit card debts, auto loans, business debts, unpaid rent, medical bills, judgement debts, mortgage arrears, alimony, personal debts, and contractual obligations.
While it is possible to attempt debt recovery without legal assistance, engaging a debt recovery law firm significantly increases your chances of success. If you have been unsuccessful in recovering debts by yourself or with a debt collection agency, then the next step is litigation where only debt recovery lawyers can help. Professional legal representation can also help navigate complex legal procedures and increase the likelihood of recovering the debt promptly.
Locating a debtor who has moved or is hard to find can be challenging. However, our team employs various tools and resources to locate debtors and initiate the recovery process.
The timeline for debt recovery can vary depending on the complexity of the case, debtor cooperation, and court processes. However, our team works diligently to expedite the process as much as possible through a proactive approach and using the latest technology to streamline paperwork.
In many cases, successful creditors can recover their legal costs from the debtor. However, this is subject to the court’s discretion.
Yes, mediation can be an effective alternative option for dispute resolution. Our lawyers are skilled in mediation techniques and can help facilitate a resolution outside of court.
Yes, there is a statute of limitations that restricts the time within which a creditor can pursue legal action for debt recovery. The statute of limitations in NSW defined by the Limitation Act 1969 is six years from the date the debt became due.