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Statutory Demands in Australia

Statutory Demands in Australia – When and How to Issue

A Statutory Demand is one of the most effective and efficient ways to recover a bad debt; however, not many utilize it or understand how and when to use it. At Slater Byrne Recoveries, we try to make the Statutory Demand process simple for our clients, so they can understand …

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Improving Debt Collection in the Construction Industry With BIF Act 2017

Improving Debt Collection in the Construction Industry With BIF Act 2017

Debt collection in the construction industry is full of problems because of delayed payment terms. In turn, extended payments negatively affected the cash flow of players in the industry. For those involved in the construction industry, receiving payment on time can be described as difficult at best. Often, invoices are …

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How to Create Effective Demand Letter to Collect on Past Due Invoices

How to Create Effective Demand Letter to Collect on Past Due Invoices

Debt recovery is a multi-stage process that involves subtle to more forceful actions. A letter of demand is an act of last resort in the debt recovery process. It becomes necessary when your repeated attempts to recover unpaid debts have failed. You use a letter of demand only when you have exhausted …

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The Importance of Obtaining an ACN/ABN from Your Clients

Obtaining ACN and ABN to Improve Your Debt Recovery Efforts

What is an ACN or ABN number? Doing business needs simple due diligence, including obtaining ACN or ABN from your clients. Imagine dealing with a company for several years. You noticed that in recent months this company has increasingly delayed its payments. Until the company totally stopped making payments. You …

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Garnishee Orders in NSW and QLD: What You Need to Know

In a previous blog post, we discussed what garnishee orders are and how creditors can use them to recover a debt. Here, we will be looking at how garnishee orders are obtained and processed in the states of New South Wales and Queensland. The processes are quite similar, but there are …

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