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Why You Need Tang Legal to Assist Recovering Your Debt?

In 2014-2015, the Australian Financial Security Authority revealed a total of 28,228 personal insolvency activities. Of which, over 17,000 ended up in bankruptcies.

If a person is declared bankrupt, his or her financial affairs will go into the hands of the bankruptcy trustee.
Consequences, if you are a creditor, are that:

1. You cannot bring lawsuits against the person (debtor);
2. If you are unsecured, you join the queue with other unsecured creditors; and
3. You know you will almost have to write-off the entire overdue account as another bad debt.

It is extremely unlikely a debtor (especially those in financial troubles) would volunteer to pay your outstanding accounts.
In fact, the longer you wait, the harder it is to collect your debt. It is time consuming and not pleasant to chase for payments, and it is very likely the debtor will simply ignore you and avoid you anyway. But it has to be done, sooner than later. This is where a formal legal demand from a law firm acting on your behalf may compel the debtor to respond to you. For general debts, there is a 6 years limitation period from when the debt is accrued before you lose your legal rights to sue.

3 Reasons to Engage a Lawyer Recover Debt

Reason 1: Effectiveness
A formal letter of demand on a law firm’s letterhead conveys the seriousness of non-payment and gives a real sense of urgency. It compels the debtor to do something.

Reason 2: Effectiveness
Forget about all the fancy arrangements with debt collectors, your objective is simple – recover your money. Appoint a lawyer, exercise your legal rights and get your money back.

Reason 3: Yes, still Effectiveness
Lawyers understand the court procedure and process. Good lawyers WILL help you save unnecessary costs and effectively resolve your matter.

Please do not wait, ACT NOW! Call us at (08) 9328 7525 for more information.

April 2016 PROMOTION- $ 99 Fixed Fee Letter of Demand

For the month of April 2016, we are pleased to promote our fixed fee letter of demand – $99.00.
Letter of Demand is a legal demand and serves as final notice for your debtor to make payment within a stipulated time.
You may include a DRAFT General Procedure Claim to the Letter of Demand for an additional fixed fee of $495.00. This adds to the seriousness of and strengthens the demand.
It conveys your determination to take action, forcing the debtor to reply immediately to avoid further Court action.
Please feel free to contact our Senior Lawyer, Mrs Kim Samiotis, or our Partner, Mr Anfernee Lai at (08) 9328 7525 for more information.

About the Writer

Kelvin Tang