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Our Proven Debt Recovery Process in NSW
At Corestone Lawyers, we’ve developed a streamlined debt recovery process to maximise your chances of success. Here’s how we help you recover your debt:
1
Initial Consultation:
We discuss your debt situation and review relevant documents.
2
Letter of Demand:
We send a formal demand to the debtor, clearly stating the amount owed.
3
Negotiation:
If the debtor responds, we negotiate on your behalf for full payment or a payment plan.
4
Legal Action:
If needed, we file a statement of claim in the appropriate court.
5
Judgement:
We obtain a judgement debt if the debtor doesn't defend or the court rules in your favour.
6
Enforcement:
We use various methods to enforce the judgement, including writs, bankruptcy, or winding up actions.
Why 1000s Trust Our Debt Collection Service
- Expert Team: We specialise in debt recovery law and commercial litigation in NSW.
- Proven Results: Our high success rate speaks for itself.
- Cost-Effective: We offer clear pricing with many legal costs potentially recoverable from the debtor.
- Tailored Approach: We customise our strategy to fit your specific debt recovery needs.
- Full-Service: We handle everything from demand letters to enforcement.
Types of Debt We Handle
Get Paid for Your Goods & Services
We help you recover payments for products or services you’ve provided. Our efficient process improves your cash flow and keeps your business healthy.
Recover Business & Personal Debts
Whether you’re a company or an individual, we can help you get your money back. We know NSW debt recovery laws inside out and tailor our approach to your situation.
Collect Overdue Rent
Landlords, we’ve got your back. If your tenants are behind on rent, we’ll guide you through the process, from issuing demands to representing you in court if needed.
Resolve Contract Disputes
When disagreements over contracts lead to unpaid debts, we step in. We’ll give you expert advice and fight for your rights to recover what you’re owed.
Enforce Court Judgements
Already have a court judgement but still haven’t been paid? We can help with enforcement through writs, garnishee orders, or insolvency proceedings when necessary.
Book a Free 1st Consultation To See How We Can Help You
We will call you within 24 hours.
Act Now to Recover Your Debt
Time is crucial in debt recovery. The sooner you act, the better your chances of getting paid. By contacting us early, you can:
- Keep all your evidence intact
- Prevent the debt from becoming too old to chase
- Improve your odds of full recovery
- Keep your business cash flow healthy
Consistently Rated 5-Star by Our Clients
We Know the Legal Ins and Outs
We make sure all our debt recovery actions follow the rules, including:
- The Australian Consumer Law
- The Privacy Act 1988 (Cth)
- The Bankruptcy Act 1966 (Cth)
- The Corporations Act 2001 (Cth)
Our expertise lets us chase your debt effectively while avoiding legal pitfalls.
We Offer Alternative Ways to Resolve Disputes
While we’re ready to commence legal proceedings if needed, we also offer other ways to settle debts. Our lawyers are skilled negotiators who can represent you in mediation or arbitration.
We Help Protect You from Future Debts
Besides recovering existing debts, we help you avoid future problems by:
- Creating strong contracts and terms of trade
- Advising on credit management policies
- Helping you register security interests under the Personal Property Securities Act 2009
Book a Free 1st Consultation To See How We Can Help You
We will call you within 24 hours.
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Frequently Asked Questions
What is Corestone Lawyers' debt recovery process?
Our debt recovery process in NSW includes sending a demand letter, negotiating with the debtor, filing a court claim if needed, getting a judgement, and enforcing it. We guide you through each step, adapting our approach to your specific case.
How long does debt recovery take with Corestone Lawyers?
The timeline varies depending on how the debtor responds and how complex your case is. Simple debts might be resolved in weeks, while court cases can take months. We work hard to recover your debt as quickly as possible and keep you informed throughout.
What types of debts can Corestone Lawyers help recover?
We help with various debts, including unpaid invoices, business and personal debts, rent arrears, contract disputes, and court judgements. We tailor our approach to your specific situation.
What if the debtor doesn't pay after receiving a court judgement?
If a debtor doesn’t pay after a judgement, we can use various enforcement methods like writs of execution, garnishee orders, or bankruptcy proceedings. We’ll advise you on the best action to help you get your money.
Why choose Corestone Lawyers for debt recovery in Sydney?
We offer experienced lawyers, a proven track record, cost-effective solutions, tailored strategies, and comprehensive service. We handle the entire legal process, from demand letters to enforcement, to get the best possible outcome for you.
How does Corestone Lawyers' debt recovery process in Sydney differ from debt collection agencies?
As debt recovery lawyers, we offer more than typical debt collection agencies. Our proven system includes legal expertise for court proceedings if needed. We handle everything from initial demands to enforcing judgments, protecting your interests throughout. Unlike most agencies, we can represent you in court and give you tailored legal advice specific to NSW laws.
What are the costs associated with using Corestone Lawyers for debt recovery in Sydney?
We know legal costs are a concern for every business. That’s why we offer a free consultation to discuss your needs. Our fees are transparent and often recoverable from the debtor as part of the process. The exact costs depend on the debt amount and case complexity. We strive to provide cost-effective solutions that maximise your chances of recovery while minimising your expenses.
How do Corestone Lawyers handle insolvency issues in the debt recovery process?
Insolvency can complicate debt recovery, but we’re experts in this area. If a debtor faces insolvency, we can advise on your rights and options under the Corporations Act 2001. This might include lodging a proof of debt, attending creditors’ meetings, or exploring other recovery avenues. We also help protect your security interests in insolvency situations. Our expertise in both debt recovery and insolvency law allows us to provide comprehensive legal services tailored to your specific situation.
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