Brisbane Debt Collection

Do you have a debt or invoices that are well overdue or remain unpaid? Has the debt been incurred in Brisbane or its surrounds, then we can help you.

Practice Areas

Advance debt collection is an experienced collection agency who can help you get results.

We offer a range of services including sending letters of demand, making telephone contact, negotiating payments, discussing suitable payment arrangements, account status reports and much more.

We specialise in debt recovery therefore we can save you time and money so you can focus on your day to day business. As far as costs are concerned, we are paid a specified commission rate based on the size of the debt, this means before you proceed, you have a clear understanding of our costs.

 

Advance Debt Collection Brisbane

If you are interested in utilizing our services, check out our website and submit your details for a free debt assessment. Once your email is received, someone from our office will be in contact with you to discuss the matter. You will then be required to submit details of your debt online and provide documentation if any. From here we are good to go.

Advance Debt Collection Services

Our professional debt collection services to you include:

I.

If after making all attempts to collect the debt, we are still unsuccessful in recovering the monies owed, the matter can be referred for legal action to Stonegate Legal. Proceedings can be issued out of the Brisbane Magistrates Court located at 363 George Street, Brisbane City. In Queensland if the debt is over $2,500.00, a Claim and Statement of Claim can be filed and served upon the debtor. From this time, the debtor has 28 days to either pay the account in full, enter into a suitable arrangement or lodge a Defence or instructions can be sought to proceed with Default Judgment. Once a Default Judgment has been entered, a debtor’s credit file can be listed with details of the default which can affect the debtor’s chances of lending or obtaining a loan moving forward.

II.

Once Default Judgment has been entered, enforcement proceedings can commence, whether it be via an Enforcement Hearing Summons, an Enforcement Warrant- Seizure and Sale of Property or an Enforcement Warrant – Redirection of Earnings.

III.

When proceeding with an Enforcement Hearing Summons, firstly you need to send the debtor a letter enclosing a Statement of Financial Position (SOFP) to complete and return. This document provides information in regards to the debtors income and expenditure and any assets they may own which will help you determine which enforcement option to utilize. If the debtor fails to complete and return the SOFP within 14 days, we can proceed with an Enforcement Hearing Summons, whereby the debtor is required to be served to appear in court to provide the information requested in the SOFP including documentation to support same.

IV.

With the information obtained in the SOPF, if the debtors employment information is known and the debtor has sufficient surplus funds, an Enforcement Warrant – Redirection of Earnings is a great option to proceed with to recover the debt. Once the documents are sent to Court, the registrar will assess the SOFP and specify an amount to be deducted from the debtor’s earnings under the order. The filed documents are required to be served upon the debtor’s employer and they are required to comply with the orders made.

V.

Alternatively, if the debtor has indicated that they own property that is not encumbered i.e. a boat, an Enforcement Warrant – Seizure and Sale of Property is also another option for recovering the debt. The Bailiff will tag the property and give notice to the debtor and if the debtor fails to pay the balance, the property will be seized and sold at auction and the funds will be forwarded in payment of the debt, whether it be partially or wholly.

Collecting outstanding debts

Many useful tools can be utilised

Considering the information provided above, as you can see there are many useful tools that can be utilized to recover outstanding debts. If you have a debt that has been outstanding for some time, then give us a call today and let us help you.