Are You Getting What You Are Owed? By: Miriam Taylor
It is a well known fact that many profitable businesses have collapsed due to poor cashflow and one of the biggest pressures on your cash balance is non-payment of invoices.
Here’s where Net Lawman can help as they have all the documents you need to demand payment from your debtors and at a fraction of the cost of a high street solicitor.
Below are some tips for getting on top of late payers, but for more information visit http://www.netlawman.com.au/info/statutory-demand-procedure-australia.php
Does a company owe you money?
The first thing to do is write them a Letter of Demand requesting payment. If your letter is ignored or your demand refuted, you can then take the party to court by filing a Summons (or Statement of Claim or Statutory Demand) in the relevant court.
A Letter of Demand must be worded correctly to ensure that it is descriptive, effective and 'technically' acceptable by the court. However, by including a Summons with your Letter of Demand, you will let them know that you are serious about your claim and that you are prepared to take the matter to court if they don't comply.
Legally, a Letter of Demand merely paves the way for a summons, but it can be an incredibly powerful debt-collecting device without you even setting eyes on a summons.
What is more, the procedure is very easy to follow. All you need are a couple of forms and a stamp; no solicitors, no court fees.
Remember, don’t use this as a quick way to recoup money. Only use Statutory Demand to commence proceedings where you are ABSOLUTELY SURE that there is NO possibility of a dispute of whether the debtor owes you the money.
Provided you are certain that the debt is contractually due, is worth more than $2,000 and your debtor has the money, go for it. Use it against major plcs or someone with a reputation to protect, where they simply cannot afford to even consider whether you are serious. You’ll be surprised how quickly a cheque arrives on your doormat!
For more information visit www.netlawman.com.au
Net Lawman Ltd is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, following are the relevant resource: Statutory Demand Procedure , Demand for Summons
Here’s where Net Lawman can help as they have all the documents you need to demand payment from your debtors and at a fraction of the cost of a high street solicitor.
Below are some tips for getting on top of late payers, but for more information visit http://www.netlawman.com.au/info/statutory-demand-procedure-australia.php
Does a company owe you money?
The first thing to do is write them a Letter of Demand requesting payment. If your letter is ignored or your demand refuted, you can then take the party to court by filing a Summons (or Statement of Claim or Statutory Demand) in the relevant court.
A Letter of Demand must be worded correctly to ensure that it is descriptive, effective and 'technically' acceptable by the court. However, by including a Summons with your Letter of Demand, you will let them know that you are serious about your claim and that you are prepared to take the matter to court if they don't comply.
Legally, a Letter of Demand merely paves the way for a summons, but it can be an incredibly powerful debt-collecting device without you even setting eyes on a summons.
What is more, the procedure is very easy to follow. All you need are a couple of forms and a stamp; no solicitors, no court fees.
Remember, don’t use this as a quick way to recoup money. Only use Statutory Demand to commence proceedings where you are ABSOLUTELY SURE that there is NO possibility of a dispute of whether the debtor owes you the money.
Provided you are certain that the debt is contractually due, is worth more than $2,000 and your debtor has the money, go for it. Use it against major plcs or someone with a reputation to protect, where they simply cannot afford to even consider whether you are serious. You’ll be surprised how quickly a cheque arrives on your doormat!
For more information visit www.netlawman.com.au
Net Lawman Ltd is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, following are the relevant resource: Statutory Demand Procedure , Demand for Summons
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