Recovering DEBT after judgment | enforcement
The final step to debt recovery is actually receiving the money or goods in your hands. Once you have received a judgment from the court there are several recovery options. The right recovery option depends on the assets and income of the person or company that owes you money or goods. LME assists clients with various enforcement procedures for a highly competitive fees, below.
All you need to do is provide
- Your details
- The details of the judgment
- Payment details
Please note, there is no guarantee that money will be recovered from the debtor. For example, it may not be possible to locate the debtor, or the debtor may claim bankruptcy or insolvency.
Tax deduction for legal expenses of recovering income
If you are recovering a debt that would form part of your assessable income, such as business income, you can claim a tax deduction for the legal expenses associated to the recovery. Please see our Taxation page.