Acting for creditors
If you are owed money by an individual or business, we can assist you in preparing a letter of demand, bankruptcy notice and subsequently filing a creditor’s petition.
The first step in a debt recovery matter is the issuance of a letter of demand. If the debtor does not comply with the letter of demand, we can commence court proceedings on your behalf to obtain an order that the monies be repaid.
Once court orders are obtained various debt recovery measures are open to you, in order of seriousness: examination notice; garnishee order; writ for the levy of property; and finally, issuance of a bankruptcy notice and subsequent application for a sequestration order.
With our help, we can ensure that monies owed to you are recovered.
Acting for debtors
If you are being pursued by an individual or business for monies owed and:
- you are unable to make payment; or
- the incorrect sum is being claimed
we can assist you in negotiating an advantageous outcome.
HOW WE CAN HELP
Bankruptcy, insolvency and debt recovery are complex issues. We can help you with these matters if you are a creditor or debtor.