To ensure that debt is recovered as efficiently and quickly as possible, a coherent mix of soft and hard collections must be followed. You, therefore, need to ensure that a strategy is put in place to minimise bad debt and improve your cashflow
- Vetting of Debtors via available Credit Bureau information;
- Listing of defaults on Credit Bureau (where applicable);
- Drafting Letter of Demand;
- Contacting Debtor Telephonically;
- SMS reminders to pay;
- Drafting Acknowledgement of Debt;
- Tracing (via Credit Bureaus);
- Drafting and Issue of Summons;
- Applying for Default Judgment;
- Applying for Summary Judgment;
- Litigation in Defended Actions to Trial;
- Preparation of Warrant of Execution;
- Ensuring that goods are properly executed against;
- Section 65 (Debtors’ Court);
- Applications to Declare Immovable Property Executable.