Taking legal action against a debtor is the second phase of action in our recovery process. Even though every effort is created to encourage payment, some debtors only react on court proceedings.
Unfortunately, this phase is time consuming and an expensive exercise. Nevertheless, a fruitful one in most cases. Various debtors react differently towards legal action.
You will find those that will accept the Emoluments Attachment Orders (Garnishee Orders) with enthusiasm on their salary, as they benefit from the inconvenience of paying monthly.
Then there are those who finally come to realize that finding the funds to repay now becomes a reality and uses the legal action and the time it provides to collect money to pay.
We institute legal action on your behalf against any debtor capable of paying and unwilling to pay.
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When an account remains unpaid for an extended period, several consequences unfold, impacting both the debtor and the creditor. For the creditor, the unrecovered debt translates into a financial loss, affecting cash flow and potentially hindering operational capabilities.
Read More ...Posted by Christo van der Merwe on Monday, October 16, 2023 Views: 287