Unpaid invoices hurt your cash flow.
If your business has supplied goods or provided services then you deserve to be paid.
Time limits apply before your debt becomes statute barred.
If you have exhausted every avenue to obtain payment of the debt, now is the time for the legal process.
The process Sam adopts is to send a letter of demand seeking payment within 14 days. If payment is not received within that timeframe, legal proceedings are commenced. For claims of $100,000.00 or less in the Victorian jurisdiction, legal proceedings are commenced in the Magistrates’ Court. After service of a Complaint, the debtor will have 21 days within which to file a defence or make payment.
If there is no defence and no payment, Sam will promptly enter an order in default of defence against the debtor, known as a default judgment or default order.
Sam will then send a final letter of demand requiring payment of the judgement debt within 14 days. If payment is not received, a Warrant to seize property is issued or other appropriate recovery action taken.