Log in

ACTLawHbk

You are here: ACTLawHbk » ACTLawHandbook » IntroductionToDebt

Introduction to Debt

07 April 2022 - 09:22 | Version 5 |

Contributed by Mary Hawkins, DCLS, for the NT Law Handbook, as amended by Elizabeth Samra of Consumer Law Centre of the ACT and current to March 2022

A debt exists when one person (the debtor) owes money to another (the creditor). Unpaid electricity or telephone bills, school fees, personal loans, credit cards and fines are some common examples of debt.

This chapter explores the options available to debtors and outlines the debt collection process. Broadly speaking, a debtor who receives a request for payment should ask the following questions:
  • Am I liable for the debt?
  • Can I afford to pay the debt?
  • What sort of action can the creditor take to recover the debt and what sort of action are they likely to take?
  • What action can I take if I can't pay the debt?

This site is powered by FoswikiCopyright © by the contributing authors. All material on this collaboration platform is the property of the contributing authors.
Ideas, requests, problems regarding AustLII Communities? Send feedback
This website is using cookies. More info. That's Fine