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Settlement of debts

Debt claims and enforcement proceedings may beĀ 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 settlementĀ 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