Our client was owed $3,500.00 for goods sold and delivered. This account was over 90 days old. The client made several requests for payment from the debtor however the debtor refused to pay due to his financial concerns.
Our client passed the account to ACS, contact was made with the debtor and we established a monthly repayment arrangement to pay the debt by $500.00 per month. Unfortunately the debtor defaulted after the payment and never resumed his arrangements.
The account was discussed with our client and agreed for a Statement of Liquidated Claim (Summons) to be issued. The short of the story is, the debtor repaid the debt back to our client in monthly instalments of $500.00 and in addition, paid our client the professional costs, filing fees and interest accrued.