Security of Payment Law Amendments: How to claim Progress Payments Post 21 October 2019 Amendments to the Building and Construction Industry Security of Payment Act
Debt Recovery Lawyers. Get serious and get paid!
Our Debt Recovery Team is headed by an Accredited Specialist in Commercial Litigation. Our Expert Debt Recovery Lawyers will provide your business with practical advice and strategies for recovering debts owed to you and avoiding bad debtors in future. Our objective is always to identify and assess any dispute then recover the debt quickly.
Fast Debt Collection
We understand that you have better things to do than get involved in drawn out Court proceedings.
Our experienced Solicitors can assist you with all stages of the debt recovery process including:
- drafting effective letters of demand,
- liaising and negotiating with debtors,
- commencing Court proceedings (drafting Statements of Claim), and
- acting in relation to defended Court proceedings and enforcing Judgments once entered.
We have an excellent success rate of recovering debts and negotiating favourable outcomes for our clients.
If the debt is genuinely disputed the best outcome is often a commercial compromise.
This means that whilst you might not receive the full amount of the debt you will avoid some of the costs, delays and headaches that can be associated with defended Court proceedings. A negotiated compromise can also be documented in such a way so as to created additional securities (guarantees) and will eliminate costs associated with defended Court proceedings if the settlement agreement is breached.
How We Help
Many businesses waste their valuable time chasing debtors on the telephone and sending letters that just get ignored.
Our Lawyers take a no nonsense approach that gets results fast. If a genuine dispute exists, we will assist you to reach a commercial outcome that will deliver a better result than defended Court action.
Security of Payment Laws
If you carry on business in the building and construction industry we will quickly evaluate whether you can use the Security of Payment Laws to recover the debt and avoid defended litigation.
Credit Management and Contracting Solutions
Our Commercial Lawyers can help your business focus on the big picture in relation to debt recovery. Not only do we have simple, efficient and cost effective solutions to chasing your bad debtors, we help our clients put in place preventative measures to ensure that their quoting and contracting procedures will reduce the number and consequences of bad debtors in the future.
Checkout our Guides to Making Effective Everyday Contracts for more information