Thursday, November 19, 2015 - Posted by Philip Harvey
An account referred to us for recovery on a contingent basis in 2005 has now been recovered some 10 years later.
Our client had initiated legal action by issuing a Statement of Claim with us subsequently obtaining a Default Judgment in 2005 with partial payments of approximately $2,500 recovered by way of instalments prior to the debtor relocating to the US.
Extensive enquiries and skip tracing were performed between 2007 to 2015 in an attempt to locate the debtor.
Following a further review of the file it was decided to localise our searches with an ASIC Personal Name search indicating that the debtor was a Sole Director of a company here in Australia. Previous searches of this nature were negative.
Subsequent negotiations with the debtor failed to obtain payment. With Judgment entered a Garnishee Order for Debts was issued to the last known bank account of the debtor which resulted in the debtor contacting and finalising the balance in full including the accrued Judgment Interest.
You can learn more about using the legal system to recover your debts in NSW here.