Debt Collection Videos

Click the icon on the left to download the video scripts.

Introduction

Cashflow is the life blood of your business.  This series of videos will enable small businesses take control of outstanding debts and make sitting and waiting to be paid a thing of the past.

Policy and Procedures

It is vital to your success that you have a policy and procedures to deal with the life blood of your business – cash flow.

Letters of Demand

A letter of demand is often the first stage of litigation. It is the letter you send to the debtor which says you mean business.

Time Limits

Delay makes debt collection more difficult and if you leave it too long (6 years in NSW) you may lose your right to recover your money entirely.

Things to think about prior to issuing proceedings

Time limits, searches, cost and evidence – just some of the things you must consider before issuing proceedings.

Which Court do I bring my action in?

Generally there are three courts in which you can bring your case depending on the value of your claim.

Statement of Claim

A statement of claim is a technical document which begins the court action.

What happens after issue of Statement of Claim?

Notice for Particulars, Defence, Pretrial Review and judgment  are some of the things that may occur after serving the statement of claim.

Enforcement

Enforcement Options

After obtaining Court judgment you now need to consider what’s the best way to get your money from the defendant.

Garnishees

A Garnishee enables you to collect what you are owed by taking hold of the debtors money when it is in the hands of someone else such as an employer or bank.

Writ of Execution

This is an order from the Court for the Sheriff to march into the debtors house or business to seize property sufficient to repay your debt.

Examination of a Debtor

This is where you haul the debtor into court to divulge and explain their finances.

Bankrupting a Debtor

Where the debtor is an individual and the unpaid debt is over $5,000 you can apply to bankrupt the debtor.

Statutory Demands

Drafting and Serving a Statutory Demand