What can I do if the debtor refuses to pay?

By admin

The options include:

• writing off the debt (if the amount is small or the debtor is impecunious);
• suing the debtor and obtaining a Court judgment
• bankruptcy proceedings – available if the debtor is an individual and you have obtained a Court judgment; or
• issuing a statutory demand (if the debtor is a corporation and the debt exceeds $2,000);
• winding up proceedings – available if the debtor is a corporation and has failed to have a statutory demand set aside).