Debt Recovery
A structured route from reviewing your documents to negotiating payment and monitoring settlement.
Learn moreSettlement Negotiation
A settlement that is agreed verbally and never written down tends to fail. We negotiate terms that the paying party can realistically meet, then record them properly — including what happens if an instalment is missed.
When this service applies
- The debtor accepts the debt but cannot pay it in one sum.
- Both sides want to close the matter without escalation.
- A previous informal arrangement has already broken down.
- You want the settlement documented before releasing any claim.
- A dispute is consuming more management time than the amount justifies.
What the service covers
- Negotiating settlement terms
- Structuring payment plans and rescheduling
- Drafting settlement agreements
- Drafting acknowledgements of debt
- Default and acceleration provisions
- Release and discharge wording
- Monitoring instalments against the agreed schedule
- Recording default where a settlement is breached
How the service works
- 01
Position assessment
We establish what is realistically recoverable and over what period.
- 02
Opening the negotiation
We approach the other party with a defined proposal.
- 03
Negotiation
Terms, timing and security are negotiated.
- 04
Documentation
The agreement is drafted, including default consequences.
- 05
Execution
The agreement is signed by both parties.
- 06
Monitoring
Instalments are tracked and any default is recorded promptly.
Documents usually required
- Documents establishing the underlying debt
- Statement of the current balance
- Any previous settlement or payment arrangement
- Correspondence on the proposed terms
- Details and authority of the signatory for each party
- Cheques or security offered as part of the arrangement
Frequently asked questions
What if the debtor defaults on the plan?
The agreement should contain default and acceleration provisions. We record the default and advise on the options available under the agreement.
Should I accept less than the full amount?
That is a commercial decision. We set out what the documents support and the practical prospects, so the decision is informed.
Can a settlement be documented in both languages?
Yes, and we address which language governs.
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Drafting, reviewing and amending commercial contracts so obligations and risks are clear.
Learn moreDo you have a legal question or an overdue receivable?
Share the details of the matter and our team will review the request and set out the appropriate next step.