Stratos Legal Logo

Owed Money? Get a Settlement Deed

Too often the money was supposed to be only out for a short time and nobody thought to do up a loan agreement. Calling in the debt and maintaining relations in these circumstances is especially tricky. What to do?

Be it a customer, a business partner or a family member – being owed money can be stressful.

Too often the money was supposed to be only out for a short time and nobody thought to do up a loan agreement.

Calling in the debt and maintaining relations in these circumstances is especially tricky.

What can you do when the person who owes money is pleading for time?

The answer is a settlement deed.

A settlement deed can be entered into after the fact and will record:

1. The amount to be repaid.

2. When the money is to be repaid and specify the installment dates if necessary.

3. Whether there is any interest.

4. If any security for the debt is to be given.

5. The consequences of default.

We do them quickly for a fixed fee.

Contact: Bruce Pasetti 07 3152 4402 bruce.pasetti@stratoslegal.com.au or

Luke Gunthorpe 07 3152 4403 luke.gunthorpe@stratoslegal.com.au

More like this

Commercial Property Conveyancing

What fees can you expect to pay for Commercial Property Conveyancing when buying and selling Commercial Property? Learn this and more from our specialist conveyancing team

Residential Property Conveyancing

We answer your important questions about Residential Property Conveyancing. Questions like why do you need a conveyancer when buying a house? and what does a property conveyancer do?

Residential Unit Conveyancing

How much does conveyancing cost? Answers to frequently asked questions: Is home insurance before settlement necessary?

SHARE THIS POST

Categories

Recent Posts

Small Business Restructure – Key Points

Any Small Business struggling with debt of less than $1 million can now apply for the Government’s Small Business Restructure programme. How does it work and how do you qualify? Read on.

Commercial Property Conveyancing

What fees can you expect to pay for Commercial Property Conveyancing when buying and selling Commercial Property? Learn this and more from our specialist conveyancing team

Loan Agreements and Mortgages

Our Expert Legal Team advise on Loans and Mortgages when Buying & Selling Property in our Guides, News and Expert Tips

Residential Property Conveyancing

We answer your important questions about Residential Property Conveyancing. Questions like why do you need a conveyancer when buying a house? and what does a property conveyancer do?

Residential Unit Conveyancing

How much does conveyancing cost? Answers to frequently asked questions: Is home insurance before settlement necessary?