Debt not Paid – What’s Next?

A Letter of Demand has been sent and no payment has been received.  The debt due looms larger and larger in your ledger and you know the older it gets, the harder it is to collect. So, what’s next? Your terms and conditions of sale could dictate what to do next.  You may have [...]

By |2021-12-15T17:53:35+11:00December 15th, 2021|Debt Recovery|0 Comments

Debt not Paid? Start off on the Right Foot with a Letter of Demand

Whilst there is no requirement under New South Wales State legislation that a Letter of Demand be sent for a debt due and owing, our experience dictates that a well structured Letter of Demand can be ignored, raise issues that you were not aware of or elicit payment. In civil proceedings to be issued [...]

By |2021-11-02T12:40:55+11:00November 2nd, 2021|Debt Recovery|0 Comments

Serving a Bankruptcy Notice – Get it done right

A Bankruptcy Notice could be served in a variety of ways under regulation 16.01 of the Bankruptcy Regulations including the now antiquated method of being "sent by facsimile ...". Well, regulation 16.01 has moved address to now be known as regulation 102 which now identifies the methods of service as follows: Service of documents [...]

By |2021-08-17T11:06:40+10:00August 17th, 2021|Debt Recovery, Insolvency, Uncategorized|0 Comments

Making a claim for preference payments

The Full Federal Court has recently moved the goalposts with regard to recovery by a liquidator of preference payments under Part 5.7B of the Corporations Act 2001 (“the Act”). In the decision of Badenoch Integrated Logging Pty Ltd v Bryant [2021] FCAFC 64, the Court has put an end to what is known to [...]

By |2021-06-24T12:11:58+10:00June 24th, 2021|Debt Recovery, Insolvency|0 Comments
Go to Top