Published On Jul 31, 2024
Sign up for our business newsletter to receive updates on our upcoming webinars and legal news: https://lglv.sn/newsletter-signup
Many businesses frequently encounter challenges in receiving timely payments from customers and suppliers. Unpaid invoices and overdue debts are becoming a significant issue, which can have flow-on effects on cash flow and revenue.
Understanding your debt recovery options is essential to ensuring your hard-earned revenue is collected efficiently and effectively. To help you achieve this, Rebecca Wood (Practice Group Leader) and Vanessa Swain (Senior Lawyer) will share practical tips on:
the debt recovery process;
invoicing and early communication;
negotiation and dispute resolution, including payment plans and mediation;
steps you can take, including demand letters, debt collection agencies and court proceedings; and
real-life case studies.
About Rebecca Wood
Rebecca is the Practice Group Leader of LegalVision’s Disputes and Litigation team. Specialising in commercial litigation, Rebecca’s areas of expertise encompass corporation law, shareholder issues, contracts, leases, intellectual property, defamation, and debt recovery. She is also knowledgeable in handling negligence claims involving public and product liability.
About Vanessa Swain
Vanessa is a Senior Lawyer at LegalVision with a strong background in dispute resolution and litigation. Vanessa has over 10 years of experience in commercial litigation and has experience in all Court jurisdictions.
Visit legalvision.com.au or call 1300 544 755 to contact our team.
00:00 Intro
01:43 The Impact of Debt on Your Business
02:57 Be Proactive
05:36 Get Your Agreements in Line
08:21 Communication & Letter of Demand
12:05 Is Your Debt Worth Pursuing?
15:18 Available Debt Recovery Options
18:10 Statutory Demand
22:23 Litigation Process
24:46 Enforcement Options
26:33 Case Study 1
30:26 Case Study 2
34:13 Key Takeaways
36:50 Q&A
***** STAY CONNECTED WITH US *****
To access more legal information videos to help you run your business, subscribe to our channel: / @legalvisionlaw
AU WEBSITE ➡ https://legalvision.com.au
NZ WEBSITE ➡ https://legalvision.co.nz
UK WEBSITE ➡ https://legalvision.co.uk
TWITTER ➡ / legalvision_law
FACEBOOK ➡ / legalvision
LINKEDIN ➡ / legalvision-group
INSTAGRAM ➡ / legalvision
TIKTOK ➡ / legalvision.law
Request a consultation by visiting our website or emailing us at [email protected]