It is important to get good legal advice before entering finance arrangements – especially if family or friends are involved. We know all the issues surrounding loan and security arrangements. Read our Client Reviews and then call us to speak with an Adelaide commercial lawyer with specialist finance experience on a no obligation basis.
We Read the Fine Print!
We can explain the meaning of loan documentation in language you will understand. We have the commercial experience to suggest alternative arrangements and, if required, a different course of action.
If you are about to lend your hard earned dollars, we can provide advice on different re-payment arrangements and advise you in relation to appropriate structures and potential taxation and risk consequences.
Your situation and the circumstances of the loan will determine what loan and security documentation is appropriate. In a commercial setting the documentation may need to be a lot more sophisticated but in a family situation the parties may want the documents to be relatively simple (and inexpensive). We can cater to all situations while still making sure our client is fully informed and protected.
Yes. Yes. Yes. See our article on Lending Money to Family or Friends Find out more
Types of Loan and Security Arrangements
We can prepare or review all types of loan and security documentation including:
- Loan Agreements;
- Deeds of Guarantee & Indemnity;
- General Security Agreements (fixed & floating charge);
- Specific Security Agreements (share and chattel mortgages)
- Mortgages of Real Property;
- Reverse Mortgage arrangements; and
- Retention of Title (Romalpa) clauses.
All loan and security documentation that we recommend and prepare will comply with the obligations of the Consumer Credit Code, the Corporations Act and the Personal Properties Securities Act, where applicable. We will also arrange for the registration of your loan securities on the PPSR register.
If you have lent money and the borrower has not repaid as agreed, we can help you collect the debt. If you also have securities in place we can help you to enforce the security in a default situation.