How to Reduce Payment and Debt-Collection Risks When Signing a Contract
Non-payment risk should be addressed before goods or services are supplied. Learn how to check a counterparty and define payment terms, evidence…
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DEBT COLLECTION
Our team is providing clients with numerous services, ranging from determining the debtor’s solvency to enforcement of the judgment and representation in enforcement proceedings and litigation related to the collection of debts.
Our debt collection services include:
- Determining the debtor’s solvency
- Compiling warning letters and negotiating with debtors
- Issuing enforcement proceedings to recover debts, through claiming before court jurisdictions and the offices of public bailiffs
- Setting out-of-court settlements in debt disputes and representing clients in proceedings before public notary office
The certainty of collecting receivables is a precondition for successful business and further investments.
Frequently Asked Questions
What is the first step in debt recovery?
The first step is to review the legal basis, maturity, limitation period, evidence and debtor assets, then select an out-of-court or court strategy.
Is a pre-action notice mandatory?
Not always, but it is often useful for voluntary payment, preserving evidence and documenting an attempt to settle.
When does a claim become time-barred?
The period depends on the type of claim and relationship. It must be assessed against the specific facts and applicable statutory rules.