DEBT COLLECTION AND TRACING OF DEBTORS
Seakamela Legal Advisors trace the whereabouts of any debtor that evades payment of any outstanding debt or who changed an address without notifying a creditor. We do the necessary investigation into the financial position of a debtor determine what immovable or movable assets the debtor possesses and what the debtor’s financial status is, before any legal action is instituted. Once it is determined that the Debtor is in a financial position to pay the outstanding debt to the client, we collect payment, on your behalf and ensure that all payments received are paid to the client seven days of receipts of such a payment or within a reasonable time as required by the client.
It is our firm’s policy to report to the client on a monthly basis regarding the progress and success pertaining to the tracing of the debtor and or collection of the debt.
When we receive an instruction from the client, we make contact with the debtor within 48 hours and if we unable to contact a debtor, due to the latter changing an address or evading contact, immediate tracing procedures are instituted.
Once we trace and make contact with the debtor we supply the address and all other relevant details to the client.
We arrange payment of the outstanding debt and the terms and conditions thereof.
If a debtor is not in a position to pay the full outstanding debt in one payment we arrange that the debtor sign an agreement, acceptable to the client to pay by way of installments or whatever other arrangement you may deem it fit, given the circumstance(s).
We draft the necessary installation agreement and facilitate the signing thereof on behalf of you our client. Thereafter we do a monthly progress report which is sent to you electronically.
This agreement includes consent by the debtor to apply and obtain judgment against him/her, should the debtor fail to make payment in terms of such an agreement, the file will be handed to an attorney to proceed with the necessary legal action.
Speedy and successful recovery of debt is achieved by informing debtors of the following consequences.
Should a debtor refuse or neglect to pay a debt, once notified, he/she will be black listed with the relevant organizations within 13 days and therefore with all financial institutions;
Blacklisting will have a negative influence on the debtor’s financial credibility for upto 10 years; The debtor will be liable for payment of all collection and legal costs as well as interest that accrues to the debt
LEGAL SERVICES
Our team prides itself on the services of our graduated, professional, experienced and committed staff.
We have established good business and working relationships with various attorneys who specialize in different aspects of the law and hence we are able to offer legal advice on the following services:
- Professional and sound Legal advise regarding any aspect of the law;
- Drafting of legal documents:
- Obtaining Court Orders:
- Obtaining garnishing orders and emolument orders;
- Drafting of international contracts;
- Drafting of Credit Applications in terms of the National Credit Act and Consumer Protection Act.
- Administrative Law
- Drafting of credit applications
- Law Medical: Malpractice, unreasonable bills
- Criminal: Bail Application and Trials
- Police : Negligence, Unlawful Arrest
- Education: Right of education and Governing Body Disputes
- Divorce: Settlements, Custody and Hearing
- Debt Collection and Tracing Debtors
- Labour: In-lawful dismissal and retrenchment insolvency and business rescue services
- Constitutional : Rights and Privileges
- Debt Collection : Collection and Tracing of Debtors
- Road Accident Fund claims
COSTS OF DEBT COLLECTION
In lieu of the successful debt collecting rate, we require that the client pay a deposit of 10% of the total value of the amount to be collected on our appointment, any litigation cost required are excluded from this initial amount. When the outstanding debt is successfully collected, the initial (10%) and all legal costs incurred by you the client are recovered from the debtor on your instruction, and paid back to you.