LEDGER ACQUISITION

Account Collections NZ Ltd welcomes the opportunity to consider purchasing any debt that your business may be considering writing off.

After settling on a price agreeable to both parties, we will provide you with a copy of our standard Debt Purchase Agreement which assigns all rights, entitlements and interest to Account Collections NZ Limited. On purchase Account Collections NZ Ltd take ownership of the debt allowing you to write off the debt from your Financial Accounts.

Debts must be bona fide, i.e.:

  • The debt must be validly due owing and payable by the debtor
  • There is no opportunity for the debtor to successfully raise a defence under the Limitation Act 1950 applying to the Credit Contract Act
  • The debt must not be in dispute
  • The debtor has been adjudged bankrupt under the Insolvency Act 1967, or is subject to liquidation or receivership proceedings
  • The debtor is deceased
  • The debtor is a minor
  • Please contact us if you are interested in discussing this further with a representative from Account Collections NZ Limited.