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DRA - Debt Recoveries Australia
We Can Increase Your Cash Flow Through Debt Collection
We Can Increase Your Cash Flow Through Debt Collection
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As a veteran debt collector and debt collection expert, I have seen first-hand, the importance of a good risk management strategy and I have also become an expert on how to establish an effective risk management policy in any company.
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When a claim is lodged, it’s the strata insurer’s task to then process the claim, sometimes paying for repairs, then, if there is a recoverable loss, seeking the recovery for that loss.
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In determining whether a public authority has a duty of care or has breached a duty of care, a court is to consider the following principles. Read the full article.
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The ICA does not sufficiently deal with the rights of third parties against insurers. Most insurance law firms are not interested in litigating against insurers under section 51 mainly due to legal costs, lack of clarity of third parties’ rights under the ICA and limitations of case law. It is therefore submitted that more needs to be done to protect third parties. There are certain areas such as bankruptcy and financial hardship that section 51 does not even deal with. Section 54 only incidentally protects a third party in the event of a non-payment of policy excess by the insured.

The ICA is ambiguous and hard to read for lay people. It is unfair that third parties and judges are only limited to using section 51 in establishing third parties’ rights. Section 51 of ICA is wholly inadequate in terms of protecting the rights of innocent third parties. It is time for reform, in the shape of new legislation or amendment of the ICA so that the law adequately protects the right of third parties against insurers.
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Hire car costs is something that is often disputed by the at-fault parties or their insurers. The at-fault parties often refuse to payout the whole or part of hire car costs on various arguments. They often claim that the hire car costs are excessive or there is lack of evidence as to how many days a victim of a motor vehicle accident should be allowed to hire a car.
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If you are having trouble recovering customer debts, or you have customers who are refusing to pay your invoices, it’s probably time to get professional help.
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In the never-ending quest to keep the insured and other parties happy, we process the claims and settle the cost of repairs. However, the job of actually recovering the incurred loss is often forgotten about until it’s too late or completely overlooked.
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Thinking of outsourcing debt collection services to a professional? Adam Stewart gives the pros and cons of hiring a debt collection agency versus hiring a law firm.

#DebtCollection #DebtRecovery #Lawyer #DebtManagement
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This blog is all about helping you avoid getting into debt in the first place and then what to do if and when it happens again.

#debtManagement #debtCollectionExpert
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Being in debt is no fun and have debt collectors calling and emailing, asking for money, is no fun either. The worst thing you can do is ignore their demands. Instead of hiding from debt collectors, you might want to start thinking about working with those collectors to pay off your outstanding debts.

#DebtCollector #PayYourDebts #PaymentDue
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