Settlement of debts
Debt claims and enforcement proceedings may be finalised by consent order or an agreement in writing under seal (a deed of settlement), especially after the defendant has completed their Form 71 (Statement of Financial Position). Our estimated fees (inc GST) for the corresponding legal services for settlement of debts up to $50,000 is set out in the table below. For the settlement of debts over $50,000 please contact us for an estimate.
|Settlement service fee for compromise of debt for no more than:||$10,000||$20,000||$50,000|
|Negotiate settlement based upon debtor financial statement||972||1,350||1,500|
|Deed of settlement||328||430||473|
|Enforcement orders by consent||528||630||773|