Cop & Co, Lawyers

Postal
PO Box 48
Capalaba Qld 4157
Office
17 Oceanic Street
Wellington Point Qld 4160
Contact

DEBT COLLECTION SERVICES

If someone owes you money (and you can’t get paid), I can help you.  I specialize in Court work and the collection of money from delinquent debtors.  My clients are generally small- to medium-sized businesses.  I am committed to providing quality legal advice and a service which is second-to-none.

The best place to start when someone owes you money is sending them a Solicitor’s Letter of Demand, which usually makes them take notice that the matter is serious and must be dealt with immediately.

SOLICITOR'S LETTERS OF DEMAND

1. I use 3 letters of demand which I send to debtors, depending on what you need done and the delicacy of the situation.

2. A “soft” letter of demand is basically a friendly “reminder” to pay. It is normally reserved for your valuable (repeat) customers who are outside your trading terms.

3. A “medium” letter of demand notes that the debt is outstanding and asks for payment within 7 days.

4. A “strong” letter of demand is reserved for customers you no longer wish to service or who have refused to pay for whatever reason and further discussion has not resulted in you being paid. The letter basically threatens severe Court action if payment is not made within an allocated time.

5. All of my letters of demand are sent to the debtor BY E-MAIL AND FAX as I have found that debtors generally ignore ordinary mail or put it in the “in-tray” or “too hard basket”.  However, everybody immediately reads an e-mail (usually going to their mobile phone) or a fax that comes off the fax machine and they treat it with much greater urgency. There is no additional cost for the faxing and e-mailing of letters of demand. For this reason, if at all possible, please provide me with all e-mail addresses and fax numbers.

6. It is not unusual for debtors to pay on the letter of demand or to telephone me (or you) to come to an arrangement for repayment. This saves you the time and cost of Court action.

7. If there is no response to the letter of demand, if you are able to provide me with a telephone number, I will contact the debtor by phone to give them “one last chance before Court action starts”.

8. Letters of Demand sent on your behalf are sent on a “NO PAYMENT NO FEE” basis (this means if the debtor doesn’t pay some money on the Letter of Demand, I don’t charge you). Remember: you can recover any debts which were owing in the LAST 6 YEARS (even if you have written the debt off in the past) so make a list of all customers who owe you money!

ASSETS SEARCHES

9. If the debtor does not pay on the letter of demand, instead of rushing off and starting Court action as most debt collection agencies and lawyers do, you can perform assets searches of the debtor. This is to find out if the debtor has any asset to execute a Judgment against. How often have you heard a story where someone sued a debtor, incurred large legal fees, WON in Court but never got paid because the debtor had no assets? This helps you avoid that situation because you know that the debtor has a house or car or a business, etc. that you can seize and sell if you win the Court action.

10.  The cost of the searches depends on the searches you want done. Generally, the cost of a search is about $20.00 per search and spending about $99.00 will generally tell you all about the debtor’s asset position. This is a small investment if you are considering spending hundreds or thousands of dollars on a Court action.

11. Even if the debtor has no assets, you may still decide to sue. For example, the debtor may be a builder (with a licence) and bankruptcy may mean he loses that licence, giving the builder great incentive to pay you.

GOING TO COURT

12.   When I start a Court action for you, this means the preparation of the “CLAIM” (which is a legal document), filing it in the Court and personally serving it on the debtor.

13. As you can imagine, it is quite a shock for the debtor to receive a Claim (which indicates someone is suing them in Court) handed into them personally by a document server. Sometimes this is enough to get payment from the debtor.

14. The debtor has 28 days from being served with the Claim to either pay you or file a  “DEFENCE” (a legal document which gives reasons why the debtor thinks they shouldn’t pay you). If there is no Defence filed, you can get “JUDGMENT” against the debtor which means you have automatically won the Court case (you don’t even have to attend Court). Once you have Judgment, you can do certain things to “execute” your “Judgment” like having the Court Bailiff seizing the debtor’s assets to sell to pay you, etc. I will raise these options with you once you have the Judgment but I will carefully examine and assess which method of execution is likely to get your money for you quickly and without incurring a lot of further costs.

15. If a Defence is filed, a Settlement Conference is called by the Court and all parties must attend the Settlement Conference. About 98% of debts owing are usually resolved by the end of the Settlement Conference, without the need for going to Court (and incurring further costs).

16. If the Settlement Conference fails, the dispute can then go to Court for a Judge to decide the case between the parties. If you win the Court case, you usually get a Court Order that the debtor pay you the legal costs you have incurred, plus interest on the debt as well.
17. You do not have to go all the way to Court and you can usually stop Court action at any time. This means that if you do not want to spend more money on legal costs, you do not have to.

IF YOU WISH TO PROCEED

All you need to do is click on my Debt Collection Sheet HERE which you just fill in and send back to me. You can use it as often as you like if you have more than one person owing you money. By completing the Debt Collection Sheet and sending it back to me by e-mail, I am able to assure you of very quick service, without the need for unnecessary time-wasting and collection of information. Once I receive the completed Debt Collection Sheet from you, I can take immediate action which will get your money back to you faster. Make sure you tick on the sheet what you would like me to do.

COST

The cost of all Letters of Demand is $66.
The cost of a follow-up Telephone Demand is $33.
Asset searches usually cost up to $99.
If you need to go to Court, I will fully outline an estimate of what each step will cost and how you should proceed in the most cost-effective manner.