It is important to get the right help in trying to recover money that you are owed. One of the options available to recover a debt owed by someone is to issue a bankruptcy notice but it is important to have the correct details in it, how it is served and that the bankruptcy notice …
Bankruptcy is a legal process where a person is declared unable to pay their debts. The process of bankruptcy can either be voluntary or involuntary. A voluntary bankruptcy is where the person voluntarily enters into bankruptcy. An involuntary one is where a creditor – that is, a person who is owed money – seeks court …
What is a Bankruptcy Notice? A Bankruptcy Notice is a formal demand issued by a Creditor (person owed money) against a Debtor (person who owes money) for payment of an amount of money owed as a result of a final court judgment or order. To issue a Bankruptcy Notice a Creditor must hold a valid …
It is now a social norm to post about your life and share your opinions and stories on social media platforms, particularly Facebook, Instagram and Twitter. Unfortunately, placing your life, private affairs and images in the public arena is risky business. The growing dominance of social media in society now means that the content posted …
Could Social Media Could Effect The Outcome Of My Case? Read More »
In recent years, Afterpay has taken Australian shoppers by storm. It is now easier than ever to get that outfit, book that flight or go on that adventure and pay for it later. It sounds great doesn’t it? What could possibly go wrong? Well here at Adams & Partners, we can tell you that everything …
Contractual relationships govern most of our daily interactions and over the course of our lives most of us will enter into a contract either as an individual or business. In many cases, these contracts concern one party owing money to another. What often comes as a surprise is that in NSW, there comes a time …
I have previously written in the past about the debt recovery process on our blog – if you’ve read it, I hope that you found it helpful.
Don’t ignore letters of demand issued by your creditors – particularly if they are a certain type called a “Statutory Demand”. These demands can be issued to companies and the consequences of failing to respond to one of them can be severe.
