Debt Collection Victoria PowerPoint PPT Presentations

Victorian England: Queen Victoria s England 1837-1901 A historical connection to A Christmas Carol by Charles Dickens

If you have fallen into arrears with money that you owe then you may well find that your creditors use some form of debt collection service to recover their money. Here you will be actively encouraged to either repay what you owe or to surrender assets that can be sold to do so by individuals or by companies. This may be done after an application has been made in the courts or on a less formal basis.

A collection is an account that has been sold to a third-party debt collector. If you become delinquent--that is, miss several payments for anything from a medical bill to a credit card bill--the company owed will often write off this debt as a loss and sell that it to a collection agency. The collection agent will then attempt to collect the repayment from you.

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In this presentation seeks to give you a general idea of what is involved with a tax debt to the ATO or other taxing authorities. For more detailed expert advice, a visit to a tax lawyer is highly recommended.

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