Knowing when to take the next step in pursuing unpaid debts can be a difficult decision, and often creditors become embroiled in extensive correspondence with debtors when trying to negotiate payment. We have extensive experience in providing creditor clients with efficient and cost effective returns on outstanding debts.
Demand on payment may often result in a negotiated settlement for payment of the debt. Failing that, there are other options open to creditor clients to assist in achieving a recovery of the debt, including the issue of a Summons. There are also various enforcement steps available such as obtaining default judgments, attachment and garnishee orders (automatic deduction of funds from income), sale in execution orders (requiring sale of personal property), bankruptcy and liquidation proceedings.