Lender enforcement in Australia
18 January 2021
Australia is considered a creditor friendly jurisdiction, and has developed an effective legal framework for lenders to recover debts owed to them by distressed borrowers.
There are a wide range of out-of-court and ‘self-help’ options available to lenders, especially so for secured lenders.
This publication provides a useful guide to both unsecured and secured lenders looking to understand some of the potential recovery strategies or enforcement options available to them. In light of the current state of business in Australia, as a result from the outbreak of COVID-19, these avenues of recovery may become increasingly relevant as we approach the gradual winding-back of government support to businesses at the end of March 2021.
Click on the “Download PDF” link below for a high-level overview of these enforcement options together with some practical takeaways.