Someone owes me money
Debt recovery can be a time consuming and stressful task. That’s where SPM Law come in. We have helped many clients recover debts and offer the following services:
Recovery Advice – performing company; property and personal searches to determine whether the debtor has any assets against which a debt may be recovered – after all, you don’t want to be throwing good money after bad.
Letters of Demand – sending letters to debtors which provide a deadline for the debt to be paid and foreshadowing court proceedings if the debt is not paid.
Statutory Demands – sending a formal demand under the Corporations Act for payment of an undisputed debt; which requires the debtor to pay within 21 days; failing which the company will be deemed insolvent and insolvency proceedings may be commenced.
Debt Recovery Proceedings – commencing court proceedings in the appropriate jurisdiction to obtain judgement against the debtor for the amount owed plus interest and costs.
Enforcement Proceedings – enforcing any judgement obtained against the debtor; whether by warrant for seizure and sale of property; enforcement hearings; or through bankruptcy and insolvency proceedings (where appropriate).
So if you need help to recover any bad debts, don't put it off, we can help so give us a call on 5440 4800 now.
Changes to REIQ Contracts for Houses and Land coming in January 2022
The Real Estate Institute of Queensland (“REIQ”) and the Queensland Law Society (“QLS”) have announced that the new standard contracts for sales of houses, land and residential units will be released in late January. The changes have been introduced to resolve some issues faced by buyers and sellers when dealing with financial delays to settlement, in addition to updating a number of issues.View All News