Recovering a debt can be a complex and time-consuming process, but it is essential for the financial stability of businesses and individuals alike. There are several steps you can take to recover a debt, including sending a letter of demand, negotiating a payment plan, or taking legal action.
Before taking legal action, it is important to gather all relevant documents and evidence to support your claim. You may also consider engaging the services of a debt collection agency or a lawyer who specialises in debt recovery.
If legal action is necessary, you can initiate proceedings in the Victorian Civil and Administrative Tribunal or in the Magistrates’ Court of Victoria, depending on the amount of the debt. You may also consider obtaining a default judgment, which allows you to enforce the debt without the need for a trial.
Once you have obtained a judgment in your favour, there are several enforcement options available.
Geelong Legal can provide you with expert legal advice and assistance to help you recover your debts. Our Geelong business and commercial lawyers can guide you through the debt recovery process and provide practical solutions to protect your interests.