Debt Recovery
Debt Recovery services
Need help collecting a debt?
Debt Recovery
Fast Professional Debt Recovery Professionals for Perth Businesses that don’t have time to waste.
Chasing debts? Our extensive knowledge of debt recovery allows us to tailor a plan to suit your particular circumstances.
- Strategic, tailor made plans
- Custom solutions without the hefty pricetags
- Professional & Australian Qualified Advisors
- Transparent results & open communication
What is Business Debt Recovery
Business debt recovery is the tedious process of chasing up other businesses to pay back the money that they owe you. When the debt remains unpaid after the final notice reminder, you might then opt to take further action in order to receive your money.
This is taken up legally by the court, debt collectors or by alternative methods implemented by outsourced third parties.
Good Commercial Debt Recovery
There are many strategies and approaches to recovering a debt. But often, when people are refusing to pay their debt – the traditional legal approach will cost more than the debt itself, not to mention be a more lengthy process than other alternatives.
The fact is that if the debt you are chasing up is significant then you need to get your strategy right before you proceed with any legal action. Managing a commercial debt isn’t just about chasing up unpaid debt and invoices from customers who won’t hand over the money. It’s an opportunity to improve the way things are done, and we understand this.
When debt recovery is handled professionally, this gives you a massive opportunity to build better, long-lasting and respectful relationships with your debtors, allowing you to:
- Receive the money owed
- Maintain a business relationship
- Improve relationship standing
- Avoid additional legal fees.
There’s a number of strategies and tactics that go into ensuring your debt recovery is handled the right way to set you up for a more positive future. A future that will encourage good business relationships and enable customers to pay in a timely fashion. Successful commercial debt recovery practice involves:
- Understanding the debtor’s pain point.
- Strategising a payment method that’s mutually beneficial.
- Promoting open, respectful and friendly debt collection communication between both parties.
- Communicating with debtors across jurisdictions and different time zones.
How Lawrence Corporate Solutions can help
Lawrence Corporate Solutions has 30 years experience and a reputation for delivering results fast, with empathy, professionalism and a true understanding of your needs.
We seek to always maximise the collection of your debts whilst ensuring that the other party can maintain the repayment method. We understand that unpaid debts mean reduced cash flow – so we handle your finances with care, urgency and attention to detail.
We’re an ethical company that always practises in compliance with the law and an understanding that our practises directly contribute to your business reputation. Our expertise and finances have helped thousands of businesses recover the debt without needing legal counsel or having to fork out expensive legal fees. We support debt recovery by:
- Developing a cost-effective strategy to take to your advisor
- Maintaining a fast, firm & professional approach
- Maintaining high success and debt recovery rates
- Understanding the customer’s pain points (to look for when refusing to pay)
- Understanding that there is more than one solution to receive a great outcome
Call Lawrence Corporate today to help you recover business debt fast.
Related Services
Creditor Claims
We provide support and a cost-effective solutions to help you secure the money that’s rightfully owed to you without having to take it to court, or spend hours in back and forth communication between you and the debtor.
Family Law Settlements
We provide expert solutions and support for Family Law Disputes and Settlements. We seek to make the process of settlement as smooth, painless and quick as possible.
Commercial Disputes
At Lawrence Corporate Solutions, we help to reveal alternative solutions to nasty commercial disputes that don’t require expensive litigation.
what our clients say
Successful Stories From Our Clients
Testimonials
Our team’s unique experience and extensive skill has assisted countless Perth business owners to move past financial strive and work towards a bright and successful future. Here are some of our success stories:
Miranda was struggling to meet her 12-month payment arrangements with the ATO and, as 12-month arrangements are the most that the ATO will grant, Miranda felt that her financial position was a lost cause. After speaking with Lawrence Corporate Solutions, however, Miranda’s confidence was restored. Lawrence Corporate Solutions successfully negotiated a 24-month extended payment arrangement with the ATO, giving Miranda the breathing room that she needed to get back to running her business.
Sharon found herself being chased by the ATO for a mounting tax debt, and as her spouse had recently been unable work, it couldn’t have come at a worse time. With constant calls and letters, Sharon welcomed Empire Corporate Services stepping in and liaising with the ATO on her behalf. In the end, Sharon prevailed with a $79,904.62 remittance before the final balance was paid out.
After an accident that rendered David unable to work, he was forced to use his tax savings to live on. Very worried and not sure where to turn, Empire Corporate Services worked closely on David’s case and secured him an interest remittance of nearly $7,000 to cope with his financial stress.
With a mountain of ATO penalties (including the dreaded General Interest Charges (GIC), Failure to Lodge (FTL) penalties and business stresses mounting, Shane was in a dire financial position. On Shane’s behalf, Empire Corporate Services was able to remit over $34,000 after just one phone call. Shane’s headaches cleared and it was back to furthering his business!
When Sam’s major debtor went into $2m liquidation, Sam’s business hit a pivotal crossroads. Based on the guidance of his previous advisors, Sam felt his only option was to go bankrupt. With the help of Empire Corporate Services, Sam got his business valued and sold, paid back the bank debt owing and additional funding in place for all other unsecured creditors… all within a fast turnaround of just 6 weeks.
Mitchell came in for a general financial review to set his business on the right path to grow. Upon reviewing Mitchell’s financial structure, Empire Corporate Services discovered that Mitchell had ATO debts totaling more than $550,000… and Mitchell was totally unaware of what he owed. After extensive work in tracking back over Mitchell’s previous returns and BAS’s (as well as righting the submission errors that Mitchell had made), Empire Corporate Services successfully helped Mitchell receive remission of interests of his debts, totaling $320,000.
For a long time Kate didn’t realise… but the ATO had placed $10,000 in interest and fees on top of her tax bill after a she had previously filed a claim incorrectly. Understandably, Kate was frightened about what might happen to her. Lawrence Corporate Solutions stepped in on her behalf and successfully negotiated for a substantial reduction in the outstanding ATO balance. Kate went from owing $10,000 to receiving a $2,000 refund.
