SMSF Loans and Defaults – How can you recover your loan?
SMSF trustees facing unpaid loans can seek legal assistance to recover debts. FD Legal helps trustees pursue debtors in default, ensuring protection of SMSF assets. Contact FD Legal for recovery support.
In some situations Self-Managed Superannuation Funds (SMSF) can make loans to third parties. Whether a financial advisor recommends the loan to their client or the SMSF trustee themselves arranges the loan, what should the SMSF do when interest stops being paid? Is the borrower in default? Can the SMSF recover the debt? As the trustee must exercise powers for the best interests of all present and future beneficiaries of the trust - what should be done do to protect assets of the SMSF?
An increasing number of SMSF trustees are contacting FD Legal seeking assistance to recover unpaid loans. Our recovery actions are helping trustees return money to their SMSF by pursing debtors where they are in default.
If you are a trustee of a SMSF and you have a loan in default, FD Legal can assist. We ask that you contact Financial Dispute Legal to discuss your circumstances and consider any rights to recover the assets of your SMSF on 1300 433 533 or enquiry@fdlegal.com.au
