Power of Attorney
Unpaid invoices are frustrating and directly impact your bottom line. Mercury Lawyers offers a streamlined, effective Debt Recovery service for businesses across New South Wales, turning overdue accounts into secured funds. We act decisively to protect your cash flow and financial stability.
Understanding the Complexities of Legal Service
Effective debt recovery is far more complex than sending a standard letter. It requires a strategic understanding of debtor defenses, bankruptcy laws, and the various court procedures (Local Court to District Court) for obtaining and enforcing judgment in NSW. Using non-compliant or overly aggressive tactics can expose your business to legal liability. We recognise that speed and legality are paramount; delaying action only makes recovery harder and more expensive.
How we work with you to get the best possible result
Our approach is designed to be efficient and highly effective. We start with a clear, staged plan that moves from formal letters of demand (showing legal intent) to issuing court proceedings and, finally, to enforcing the judgment (e.g., garnishee orders, writs for the levy of property). We keep you fully informed at every phase, ensuring transparency on costs and progress. By acting quickly and legally, we maximize the chances of successful recovery and minimize the time your money remains outstanding.
Empowering leadership teams to effectively engage and deliver change
We start with a formal Letter of Demand on our letterhead. This immediate show of legal intent is often enough to prompt payment. If the debt remains unpaid, we then proceed to issuing court documents (Statement of Claim) in the appropriate NSW jurisdiction.
The timeline varies depending on the debtor’s response. Simple, undefended claims can take as little as 10–12 weeks to reach a default judgment. However, defended claims that proceed through the court system will take significantly longer. We focus on moving your case through each stage as quickly as the law allows.
Obtaining judgment is only the first step. The next and most critical is enforcement. We advise on and execute enforcement actions, which can include placing a garnishee order on the debtor’s bank accounts or wages, or obtaining a writ to seize and sell property. Our aim is to turn that judgment into cash in your account.
We offer both. Whether you need assistance with a one-off shareholder agreement or require ongoing retainer services for frequent contract review and regulatory advice, we structure our support to act as your reliable, on-demand external legal counsel.