Australia Law

Have Australian law questions? Ask a lawyer now.

Ask a Lawyer,
Get an Answer ASAP!

We are currently using a factoring company for our invoices…

Customer Question
Hi, we are currently...

Hi, we are currently using a factoring company for our invoices and some of our clients are outside lending terms. As such it has put us in default with our Factoring company, however for the last 4-5 weeks we have issued invoices without funding and in addition clients have paid and the factoring company has received funds and held residuals as well as a buy back of overdue accounts. I have repeatedly requested an updated status of accounts but only promises and received nothing, instead they are appointing an accountant at our expense to come and sit in our office just to ring customers for collection purposes.

Lawyer's Assistant: What state are you in? And have you consulted a local attorney?

NSW

Lawyer's Assistant: Has anything been officially filed? If so, what?

No, I was issued a notification of default and they are trying to affect their Power of Attorney

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No, just want to know, what are our rights. Oh! yes; their terms were explained to us correctly, I was told that the invoices are purchased over sixty days from end of month, however all of a sudden now we are informed it's from date of invoice which means any invoices issued at the end of the month are 30days not sixty and therefore late fees incur after 30.

Submitted: 5 months ago.Category: Australia Law
Show More
Show Less
Ask Your Own Australia Law Question
Answered in 5 minutes by:
11/19/2017
Solicitor: John Melis, Lawyer replied 5 months ago
John Melis
John Melis, Lawyer
Category: Australia Law
Satisfied Customers: 2,385
Experience: Principal Lawyer at Legal AU Pty Ltd
Verified

Dear customer, my name is***** solicitor, thank you for using Just Answer, I will assist with your question today. Please allow me a few moments to review your post and I will respond accordingly. Kind regards ***** *****

Ask Your Own Australia Law Question
Solicitor: John Melis, Lawyer replied 5 months ago

[1] On the basis of your comments, you have genuine dispute concerning the default that has occurred.

[2] It is important to open communication with the factoring company to come to some amicable arrangement to avoid a negative credit rating being incurred.

[3] One the appropriate ways to deal with this situation is to enter into a form of settlement arrangement.

Have you commenced open communication on the default aspect in writing with them yet ?

Ask Your Own Australia Law Question
Customer reply replied 5 months ago
I have tried repeatedly, however all I get from them is the urgency of appointing an accountant at my expense which costs would be added to my ledger and I feel this a tactic to increase my costs and allow them to continue to charge me higher interest rates of 26%
Solicitor: John Melis, Lawyer replied 5 months ago

Yes this is a very possibility.

Have you considered repackage the entire lot and engaging another factoring company ?

Ask Your Own Australia Law Question
Was this answer helpful?
Ask Deborah Awyzio Your Own Question
Deborah Awyzio
Deborah Awyzio
Deborah Awyzio, Solicitor
Category: Australia Law
Satisfied Customers: 863
863 Satisfied Customers
Experience: Bachelor of Laws (QUT), BIT (QUT), Family Law Accredited Specialist, over 12 years experience

Deborah Awyzio is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Deborah Awyzio

Deborah Awyzio

Solicitor

863 satisfied customers

Bachelor of Laws (QUT), BIT (QUT), Family Law Accredited Specialist, over 12 years experience

Sean

Sean

Experienced lawyer

855 satisfied customers

Law degree with 1st class honours from Australian National University.

James G.

James G.

Lawyer

17 satisfied customers

Australian Legal Practitioner

Darren Kruse

Darren Kruse

Solicitor

16 satisfied customers

Practising in in Personal Injury, Workcover, Civil Disputes, Family, Wills and Estates and Criminal law.

Leon

Leon

Solicitor

26,412 satisfied customers

BEc Dip Ed, Dip Law (SAB) MTax (UNSW)

Daniel

Daniel

Solicitor

5,833 satisfied customers

Bachelor of Laws (dist) Graduate Diploma in Legal Practise. Admitted NSW Supreme Court / High Court

James D. Ford

James D. Ford

Solicitor

1,600 satisfied customers

Consulting Principal at Nexus Law Group

< Previous | Next >

Related Australia Law Questions
Is there any legal way to rent a property if the co-owner
Is there any legal way to rent a property if the co-owner wont sign off on it being rented? … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
We just want some one to help us on a business called
Hi We just want some one to help us on a business called classic holidays.we need to get out of this membership that they tied us up in .we need some assistance. Can you help? Chris Cowell … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
Lourigan on the date of 29 july 2008 the supreme court
hello my name is ***** ***** on the date of 29 july 2008 the supreme court imposed a pecuniary penalty of 62 500$ in this time i have served a total of 6 and half years for cultivation i have been a g… read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
I have had an email from Aldi - stupidly I answered the
I have had an email from Aldi - stupidly I answered the email . ordered some goods and had a reply from infodeskhgww.com. … read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
I am selling my property. The next door neighbour has
I am selling my property. The next door neighbour has decided to park his over sized truck and trailer on the road directly outside my property. He was originally parking in front of his house, which … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
At what age can a child be left at home in Queensland under
Hi at what age can a child be left at home in Queensland under the family law act. Thanks … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I was wondering if I can request a review under s74 of the
Hi , I was wondering if I can request a review under s74 of the child protection registry act based on the facts of my offense. In particular that the victim had followed my out of a licensed bar and … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
We have court order in place but my ex-daughter in law
Hi there We have court order in place but my ex-daughter in law relocated the child by using a most bizarre excuse that while my grand daughter was under my care I have trimmed her eyelashes therefore… read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I purchased a pre owned car from Mercedes Benz Melbourne in
I purchased a pre owned car from Mercedes Benz Melbourne in November 2015. It came with a two year warranty. I took it back to them in December of that year for a warning light coming on. It has been … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I have had a phone plan with Vodafone for yrs. My son was on
Hi. I have had a phone plan with Vodafone for yrs. My son was on it too but not named. I wasnt happy at the time so moved to another provider. Have been with them coming up 2 yrs. My son and l went to… read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
Who can i refer an issue with a car manufacturer notified me
who can i refer an issue with a car manufacturer notified me by letter end of march 2018 that they wished to replace parts in my 2005 vehicle the abs braking system bu having taken back on date for re… read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
My daughter is in prison & was recommended for Parole. Since
My daughter is in prison & was recommended for Parole. Since then she has been continually strip searched, with nothing found, breached continually without being informed, was now told probation has c… read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I require a solicitor to change a detail to my will. Gold
I require a solicitor to change a detail to my will. … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
My mother (in Victoria) is considering selling her house and
My mother (in Victoria) is considering selling her house and giving the proceeds to her 2 children; while retaining some sort of right to live in another property - is that possible? … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I have an assignment about the story of macbth, and I have
i have an assignment about the story of macbth, and I have to present a speech about why is lady macbth guilty in killing the king Duncan, and I find it hard to start. help please … read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
My husband was hit by a lady in november from behind in my
Hi my husband was hit by a lady in november from behind in my car. … read more
John Melis
John Melis
Lawyer
2,385 satisfied customers
I have two issue with my current employer:- With my Manager.
Hi I am Nigel and I have two issue with my current employer:- … read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers
Tina, NSW, None. I was only charged last night. I was charge
I was charge for use carriage service to procure. Upcoming court date is 9/5/2018 … read more
Leon
Leon
Solicitor
Master's Degree
26,412 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x