• deptrecovery
  • Debt recovery

Debt recovery

In troubled economic times, lenders rely on the services of experts for their debt recovery. At De Grandpré Chait, we recognize the financial urgency that delinquent accounts can create for you. Our experts can effectively address all your concerns and provide complete and cost-effective debt recovery services. Together with an experienced team of paralegals, our lawyers have developed a unique integrated approach to the recovery of debt, assisting lenders with their recovery process in regard to a full range of mortgage loans and unsecured claims, whether of a personal or commercial nature. Drawing upon our knowledge of creditors' rights, consumer law and collection, we strive to offer exceptional services in order to help you recover a wide variety of loans.

Mortgage recovery and priority disputes

De Grandpré Chait has developed a highly efficient file management system to handle the mortgage enforcement process from start to finish. Our team of lawyers, practising in debt recovery, can get involved from the initial demand up to the sale of the repossessed property and the shortfall recovery. Along the way, our services include obtaining judgment, vacant possession, dealing with tenancies and tenant issues, as well as filing claims with mortgage or title insurers. We also deal with priority charges and mortgage fraud.

Consumer debt collection

The Consumer Protection Act, which applies to most contracts between individuals and merchants acting in the course of their business, can be a source of headaches to many lenders. Indeed, the specific law, its regulations and the mandatory notices require experts like us who understand the "ins and outs" of its various applications and can ensure that your rights will be enforced in matters pertaining to consumer debt collection.

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Leases and leasing debt collection

Leasing is typically a process by which a borrower obtains the use of certain assets in consideration for paying a rent. Should there be a default on the rental payments, our experts can intervene quickly and provide the most cost-efficient solution to the problem, including recovering equipment, premises or amounts owed.

Recovery in cases of commercial fraud

Many lenders have been the victims of fraud, and the phenomenon will most likely not improve with time. Misrepresentation of assets, forgery, identity fraud and the negotiation of fraudulent instruments represent the tip of the iceberg. Our lawyers understand that cases of fraud are a major concern for lenders and put their expertise to good use when it comes to identifying and managing areas of risk. You can count on us to provide sound advice on common fraud issues and to assist you in the mitigation of the loss process.

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