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Adelaide

(08) 8231 1363

Ridgehaven

(08) 8395 8000

Smithfield

(08) 8487 0150

Debt Recovery & Loan Agreements

If Websters Lawyers has not drafted your terms of trade or loan agreements and you are now are owed a debt, it’s time to give us a call.

We understand that cash flow is vital to the success of any business, and that personal debts left to fester can be financial and emotional drains on your life. Our experienced debt recovery solicitors can support you through every step of the recovery process, from the initial letter of demand right through to the summation of any necessary Court matters.

Before any Court action is commenced, you should speak to a lawyer for advice. As the amount of the debt and how it was incurred will dictate what preliminary or Court actions are required, debt recovery is not always a straightforward business. it is important to investigate the debtor’s ability to pay the debt, including by undertaking a bankruptcy search on the debtor to ensure you are not throwing good money after bad and whether or not it is in your best interest to continue pursuing the debt.

Our debt collection services include:

  • undertaking a bankruptcy search on the debtor
  • Letters of demand
  • Court claims
  • Negotiated settlements
  • Worker’s Liens
  • Caveats and other charges on real estate
  • Court trials

For fast, experienced, and economical debt recovery services, our commercial law team is here to help.

Loan Agreements

If you want to loan money to another party without later utilising our debt recovery services, contact us about implementing a written loan agreement to govern the terms of your financial dealings.

From simple finance borrowing arrangements to exceedingly complex loans, Websters Lawyers can assist you in documenting the terms under which a lender may advance a sum of money to a borrower. Our commercial lawyers can discuss these terms with you and help you determine:

  • Whether the funds may be secured against an asset of the borrower;
  • When and how the funds should be repaid;
  • Any covenants or warranties to be provided by lender;
  • Whether any consequences of default may apply; and/or
  • Whether interest will be applicable.

Even the “Bank of Mum and Dad” needs protection. To speak to one of our practiced commercial lawyers for more information, call us on (08) 8231 1363.

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