Debt Recovery Services in Parramatta and Sydney
If a debtor does not pay up after your first or second attempt to recover a debt, further efforts at recovering debt yourself often prove ineffective. In fact, continuing to try to recover debt independently can increase the time it takes to recover your debt by postponing the involvement of a debt recovery professional.
If you have called and attempted to contact your debtor, you may wonder whether you should contact the debt recovery services of a debt collector or a lawyer that delivers debt recovery services. In this article, we will outline the argument for contacting a debt recovery lawyer and explain some of the services they can offer to recover your debt.
Letter of demand for debt recovery
The involvement of the law can be highly intimidating for debtors, and a simple letter of demand from a Parramatta lawyer specialising in debt recovery with an official letterhead can sometimes be enough to encourage debtors to pay the money they owe you.
The idea of facing legal consequences is often sufficient motivation for debtors to pay up. This is a unique advantage of using the services of a debt recovery lawyer to recover owed funds without the need to take further action in the courts, thereby keeping costs and timeframes to a minimum.
While this is often the first step in your lawyer’s repertoire, a skilled lawyer will always have a wide range of options to pursue in the recovery of your debt.
As a legal firm that has supported many Parramatta and Sydney clients through the debt recovery process, Arida Lawyers can also assist with legal proceedings in the New South Wales jurisdiction and with enforcement actions such as garnishee orders, examination of the judgement debtor, writs of execution, writs for the levy of property, writs for the possession of land, writs for the delivery of goods, and other legal processes related to debt recovery.
Setting yourself up for success
If you use legally sound contracts and methods of engaging with others in business, then you are more likely to succeed when it comes to debt recovery. A lawyer that is skilled in debt recovery in Sydney will be able to help you to establish contracts that consider local and national contract law, whether you are providing goods or services.
If you are looking for a prompt and efficient solution once you are already owed money, then engaging a lawyer specialising in debt recovery as soon as possible is the best route you can take. They will be able to provide you with clarity about your options and the likelihood of success. They can help you to avoid potential missteps and make the process less stressful to you.
You will be able to have peace of mind that the debt recovery process is being handled by an experienced debt recovery law firm.
This article provides general information relevant to our expert services. It is not legal advice and should not be relied upon as such. If you are seeking legal advice, you should contact us for a free initial consultation. Liability limited by a scheme approved under Professional Standards Legislation.