Recovery action leads to successful outcome

The client recovered the full amount of monies owed under a loan, including all interest, and legal costs and disbursements.

  • Recovery action leads to successful outcome

    Our client, a private commercial lender, had loaned a sum of money to a company secured by third party charges over investment property.  The borrower company defaulted on the loan. It was wound up by other creditors and our client was unlikely to be able to recover any monies through the insolvency process.  Valens Solicitors were instructed to seek recovery of the monies that were owed to our client by enforcement of the third party security.

    We commenced possession proceedings on behalf of our client against the third party security provider pursuant to the charge that our client had secured against a property.  

    Despite strong opposition to the proceedings including attempts by the third party security provider to delay the case, we were successful in obtaining a possession order in respect of the property.

    Shortly after the possession order was granted, the third party security provider made full payment of all monies that were due to our client, including payment of loan interest to the date of payment, as well as payment of our client’s legal costs and disbursements on a full indemnity basis.  

    Our client was extremely satisfied with the totally successful outcome.

    Commercial Litigation CHANDER BAGGA

Valens Solicitors provided an efficient service with a high level of professionalism. Their advice and advocacy led to a speedy, totally successful conclusion.

Thanks again for everything you have done. You made the process very easy for me.

Valens Solicitors were extremely professional and helpful when I approached them for their services. Their positive outlook on situations and how successful resolutions can be achieved using their expert knowledge really puts them at the top of their profession.

I have worked with many solicitors, but Valens Solicitors are by far the best lawyers I have used.

What I like about your firm is the quick and clear communication.

What impressed me most was that whoever I was dealing with whenever I called was always fully aware of everything that was going on with my case.

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