One of the most common reasons for legal proceedings is clients who declare themselves bankrupt. In a surprising number of cases, people use bankruptcy laws partly to avoid paying large sums of money that they owe. For the people that they owe money to this can be incredibly frustrating and have a significant knock-on effect. This is just one example when using specialist Bankruptcy Solicitors may prove to be very beneficial.
The first stage that debt recovery solicitors take on your behalf is to send a formal letter demanding the payment of the debt to whoever owes you money. In most cases, so long as the debt is clear-cut and genuine, this letter is all it takes to get the debt paid.
If this letter doesn’t do the job then your Bankruptcy Solicitors will begin to recover the debt through the courts. This will involve a process of letters and formal court proceedings until a judge can finally pass a judgment. As soon as legal proceedings are initiated by your debt recovery solicitors, the amount of money that is owed will begin to change.
If court proceedings have been concluded and the debt still hasn’t been paid then the next role of your debt recovery solicitors is to play a part in the enforcement of the court’s judgment. We also have one of the best Criminal Defence Bankstown professionals to help you out with your legal case.
The most common ways of recovering debts through the courts are through a warrant, which may involve seizing goods or property equal to the value of a debt, a charging order, which involves putting restrictions on someone’s property or business until a debt is paid, or lastly, an attachment of earnings order by which the person who owes you money pays in installments through the courts. Contact us today.