Practical Approach to Handling Debt Settlement & Recovery Issues

Marketing Institute of Singapore - Executive Development

Course introduction

Debt settlement and recovery issues have taken on centre-stage in many companies due to increased complexity and uncertainties in the business environment. Many times, they are left facing the challenge of how best to approach or resolve these issues in the least damaging way. Many companies are not clear on how to secure payment and outstanding debts. The objective of this course is to provide participants with a holistic framework when dealing with debt settlement and recovery in the commercial world. Having an understanding of these processes will enable the key personnel to overcome obstacles with greater ease and thus, ensuring higher success.

Course Pre-Requisites

Participants will learn the necessary skills and techniques to settle payment and outstanding debt disputes quickly and effectively. Practical exercises and guidelines on how best to settle payment and debt disputes from legal and non-legal perspectives will also be given.

  • Know what are the ways to settle payment claims
  • What to look out for if payment, or outstanding debt claim are not being resolved
  • What negotiations and techniques to deploy when resolving these issues

Course Outline

How payment and outstanding debt disputes are settled

  • The art of conducting meetings and discussions
  • The role of settling payment and outstanding debt disputes
  • The key points when payment and debt disputes are not settled
The role of mediation in resolving payment and outstanding debt payments
  • The key principles of mediation
  • The advantages of using mediation to resolve disputes
  • The disadvantages of using mediation to resolve payment and debt disputes
The Arbitration and Litigation process in resolving payment and outstanding debt disputes
  • Key points to note when using arbitration to settle payment and outstanding debt disputes
  • Key points to note when using litigation to settle payment and outstanding debt disputes
  • The alternative method of settling these disputes
The Court process of enforcing judgements
  • The process of issuing letters of demand
  • Judgement and the various process of enforcing judgment
  • Liquidation and the various ways of saving companies from going into liquidation
  • Alternative methods of resolving disputes

Available Course Sessions

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Trainer Profile

David Shanmugam

David Shanmugam holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of legal experience in the private sector and he is presently working in a law firm, and Mr. David Shanmugam is also an Advocate & Solicitor of the Supreme Court of Singapore
Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Association Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education