To protect your cashflow you need to ensure that your business can collect the debts it is owed. This is a common area of business activity and there is a well established legal process for collecting debts when payments are missed or debtors refuse to pay.
Alternatives to seeking assistance from the Courts to recover debts are also available and these can include mediation and applying to QCAT (Queensland Civil & Administrative Tribunal).
How we can help
Airlie Beach Legal can help you at any stage of the process of recovering a business debt, whether it is helping you write an effective and legally sound letter of demand, or pursuing the matter through the Court system. We are also experienced in the process of enforcing Judgment and can manage the process right through to bankruptcy or company winding up proceedings if need be.
We are also well aware of the costs of debt litigation and can advise you on whether it is commercially viable to proceed to Court.
Never let it happen again
One way to protect against bad debt is to review your contracts, trade agreements and terms of trade. We can help you make sure that your terms are clear and your processes solid so you can avoid lengthy and costly recovery and / or litigation proceedings in the future.
Contact us to discuss the specific details of your business debt.