QLD - Debt Recovery

This article will show you how to:

• Create a Debt Recovery matter
• Enter Debt Details
• Enter Case Details
• Enter Enforcement Details
• Add Uncommon Contacts 
• Subscribe to the Litigation Precedent Profile

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 To create a new Debt Recovery matter, follow the steps below. 

1. Click New Matter from the Home Screen.
2. Select State: QLD.
3. Select Matter Type: Debt Recovery.
4. Select 'Next': 
   
5. Enter the Creditor and Debtor party details.
   - See Adding Contacts for more information on adding contacts generally. 
6. Select 'Debt Details' to enter the Claim Amount and calculate pre-judgment interest on this amount. This is also where you can enter the dates associated with obtaining judgment for this debt.
   - See How is Interest Calculated? (below) for details on the interest calculation.
7. If/when your matter is ready to proceed to Court, select 'Case Details' to enter the Case Number, Registry and Court:
   
8. Once you have a judgment, select 'Enforcement Details' to enter the Judgment Amount and Judgment Date, and calculate post-judgment interest on the judgment debt.
9. To add Uncommon Contacts to your matter, open the Matter Settings and select the appropriate contact from the Parties & Data available in your matter.
   For Debt Recovery (QLD), the available parties include Barrister, Legal Agent, Process Server, Third Person (Garnishee), Employer, Previous Solicitor and Additional Contacts:
   

How is the Interest calculated?

Interest is calculated as:

Interest Total = [Rate] ÷ [Days in the relevant year] x [Days in the relevant period] x [Amount]

Accordingly, you must enter data for the Claim Amount/Judgment Amount, Interest Start Date and Interest End Date. The calculation is not rounded until the final result.

The default rates are the QLD Court Pre-Judgment Rate (for the pre-judgment interest calculation), and the QLD Court Post-Judgment Rate (for the post-judgment interest calculation). To use a rate other than the Court rates, select 'Use Special Interest Rate' and enter the per annum special interest rate:

Don't forget to! ...

Subscribe to the Litigation Precedent Profile

You can subscribe to the Litigation Precedent Profile in your Smokeball Settings: 

- See Precedent Profiles for more information on subscribing to precedent profiles.

We have some new Debt Recovery precedents and forms available in the Smokeball Precedent Library, including automated UCPR Forms:

You can also 'Request a form' to have additional forms added to the Precedent Library!