Recovery of claims

Prompt and effective debt recovery is vital for a company’s financial health, maintaining liquidity and business stability. We stay updated on the most recent enforcement techniques, aligning our methods with contemporary legal precedents and permissible actions.

We represent the interests of our clients with diligence and dedication and carry out all the necessary statutory procedures for the judicial recovery of debts. With an emphasis on cost-effectiveness, we approach the task of recovering overdue debts through out-of-court means. Utilizing a spectrum of negotiation tactics and alternative dispute resolution techniques, our goal is to settle debts without resorting to formal judicial proceedings.

Our experience underscores the importance of a thorough review of the debtor’s assets for successful debt recovery. This involves an examination of their current financial situation and anticipated income. We don’t just consider the present assets, but also actively identify potential valuable assets like real estate, bank accounts, securities, vehicles, company shares, and other undivided properties. This asset evaluation minimizes the chances of non-payments and unsecured claims, fostering a more resilient business environment.

Depending on the state of the debtor’s existing and potential assets, we develop a strategy for our clients and advise them on the legal options available to them for the recovery of their debts, including:

  • Demand for payment: a detailed notice informing the debtor about the legal and financial risks of not paying a customer.
  • Drafting and filing the application for enforcement and managing the enforcement procedure: by guiding the enforcement procedure and selecting the appropriate enforcement remedies for the client as creditor, we create the conditions for the repayment of claims.
  • Litigation representation: debtor objections to enforcement actions are addressed promptly and professionally, preparing for potential litigation. Using deep legal insight, strategies are crafted for the best client outcomes.
  • Filing criminal charges: when the legal elements of the offences are met, we draft and file effective criminal charges for our clients and represent them throughout the legal proceedings to protect their rights.
  • Sale of claims: we sell receivables on behalf of a company, enabling it to raise funds and ensure repayment of its liabilities. This helps to improve the company’s liquidity and strengthen its financial position. 

International Debt Recovery or Cross-border enforcement

The cross-border element is often a limiting factor in the success of enforcement. To ease these processes, we focus on providing services that enable effective and successful cross-border enforcement, including:

  • filing for the European order for payment, which represents an efficient and, above all, rapid recovery of outstanding undisputed debts in civil and commercial matters,
  • submitting of the European Enforcement Order allowing a judicial decision on an undisputed claim issued in one Member State to be recognized and enforced in another Member State.
  • filing the European account preservation order enabling the freezing of funds in the debtor’s bank account in another EU Member State.

In the broader scope of financial management and corporate health, addressing debt recovery with efficiency, commitment, and innovative strategies is paramount. Recognizing the significance of mitigating financial setbacks arising from insolvency is vital for the overarching financial ecosystem and the stability of all involved economic entities. By facilitating a consistent approach to debt repayment, a foundational bedrock is laid, ensuring a conducive environment for sustained business growth and prosperity.

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