Chasing debts is an unfortunate and often unavoidable part of operating a business. It is often associated with stress and negative feelings. Regardless of what type of industry you are in, bad debts are always a possibility.
How debt disputes arise
Debts can arise in connection with many issues including:
- Business credit;
- Loan agreements;
- Leases; and
Ultimately, most businesses are created with the intention of generating profit. When other companies, customers or clients fail to pay you, it affects your cash flow and thus, your profitability in current and future ventures.
Debt recovery services
With the Gold Coast litigation and dispute resolution team at Ramsden Lawyers on your side, you may no longer need to write-off bad debts. The litigation and dispute resolution team have extensive experience in debt recovery disputes on the Gold Coast and beyond. We can assist you with any debt recovery dispute, whether commercial or personal. We offer a full range of effective debt recovery services including:
- Letters of demand;
- Statutory demands;
- Retaking possession of goods;
- Court proceedings;
- Bankruptcy notices;
- Appointment of receivers;
- Winding up companies; and
- Enforcing judgments.
Debt recovery litigation
With the volatility of the current global economy, it is more important than ever for businesses, especially small businesses, to act quickly in debt recovery matters to stay on top of cash flow and to meet short and long-term liabilities. Additionally, in debt recovery disputes, it is important that you are aware that there are time limitations on recovery proceedings.
The litigation and dispute resolution team at Ramsden Lawyers lead by Specialist Accredited Litigator and Partner, Benjamin Twomey, will utilize their forward-thinking skills to recover current debts and look to assist in protecting your business from future debts. By reviewing your contracts, trade agreements and terms of trade, the Gold Coast team can help to make sure that your terms are clear and your processes are solid so you can avoid lengthy and costly litigation proceedings in the future.
Debt recovery litigation
Also, if you find yourself in the position of a debtor or being wrongly accused as a debtor, we can assist you in resolving the debt, whether it is through initial dispute resolution techniques or through litigation in defending court proceedings against you. Contact us today on (07) 55 921 921 to schedule a consultation on the Gold Coast. The litigation and dispute resolution team will use their experience in the area to recover your debt or resolve your debt dispute so you can focus on the continued profitability of your business.