Collection by legal measures
As a new age collection company, we always aim to actively help the debtor customer instead of simply implementing routine actions. If, however, despite our efforts, the debtor customer does not pay the receivable or agree with us a payment plan during voluntary collection, we may transfer the case to collection through legal measures.
ENFORCEMENT COLLECTION OF UNDISPUTED RECEIVABLES
In its simplest form, collection through legal measures takes place in cases where the receivable is clear and undisputed. For these receivables, we may seek a District Court decision, namely a default judgment, on the client’s behalf through a summary application for a summons. On obtaining the default judgment, we deliver it to the district enforcement authority of the debtor's place of domicile for the collection of the debt with interest and expenses. The enforcement collection procedure is continued until the receivable is completely recovered or until the debt can no longer be collected due to time limits specified in the Enforcement Act.
COLLECTION THROUGH LEGAL MEASURES OF DISPUTED RECEIVABLES
If the amount or justifications of a receivable are the subject of dispute between our client and its customer, we handle the matter as a disputed case. We accordingly without exception ask the client’s consent to legal measures before continuing the collection process.
SELECTION OF MOST EFFECTIVE FURTHER MEASURES
As we want to offer our clients the collection solutions best suited to their field of business and situation, we always agree with the client on a case by case basis about proceeding with collection through legal measures and the necessary details. To ensure success, we may continue collection through other legal measures, such as threat of bankruptcy, filing a claim in bankruptcy, bankruptcy collection and various collateral arrangements.
Collection by legal measures is a part of our comprehensive and dynamic collection process. Read more about our customer-oriented collection services.