What Do North Shore Debt Collection Lawyers Do?
North Shore debt collection lawyers are a qualified professionals that specialises in helping creditors recover unpaid debts. They can provide legal advice and assist in negotiating a settlement with the debtor. Debt collection lawyers can also litigate on behalf of the creditor in civil court, if necessary.
What Exactly Can North Shore Debt Collection Lawyers Do?
If you or your accounting department has been coming up against a brick wall in getting your outstanding payments settled, it’s time to stop. You will only increase your frustration and stress, so it is best to stop and get eh help of a lawyer.
A debt collection lawyer can provide invaluable assistance to creditors seeking to recover unpaid debts. They will explain the options open to you and the best ways forward for your particular case.
This might be as simple as sending a letter demanding immediate settlement of the outstanding debt. This often works quickly as few people want to go to court since it will incur considerable fees for them as well as being a blot on their credit rating.
If the letter does not work, then your lawyer can suggest negotiating with the customer to come to a plan to make payments. This could include interest due on the outstanding balance.
Court
If the letter of demand doesn’t work, and a payment plan cannot be agreed, then court may be the only option left. This ought to be the last resort but sometimes it is necessary.
In New Zealand, the level of debt determines which could or legal authority your case will be heard in.
For small debts under $30,000, the Disputes Tribunal is the judicial setting. This is low cost and relatively easy to process. It involves submitting a claim online. It has a range of fees depending on the amount being claimed. The lowest fee is $45 and the maximum is $180.
For debts up to $200,000, the case will go to the District Court and for bigger dets, the matter will be heard in the High Court.
The lawyer will draft the papers for submission to the court, and on the day of the trial, they will represent you in conjunction with a barrister, a KC. Bigger cases are unlikely to get a determination on the day and the trial itself can go over more than one day. If you are paying for a KC plus your own debt recovery lawyer for two or more days, you can see how the costs can mount. This is why court is the last resort.
Summing Up
With the help of one of the knowledgeable North Shore debt collection lawyers, creditors in the area can be sure that their rights are being looked after. They will get legal advice on how to proceed, and assistance to prepare documents, and even appear in court for you if necessary.
If you are owed money, it is annoying at best. It can lead to significant stress, it is undoubtedly a waste of time when you could have been more productive, so talk to a local debt recovery lawyer as soon as you can. They will help you on your road to recovering your money.
A law firm that can help in this regard is McVeagh Fleming in Albany.