Debt Recovery Procedure
In order to start the recovery procedure for your claims, we will enter into a commercial mandate agreement whereby you authorize us to handle your case. The first stage will be an attempt to recover the claim amicably.
The working methods in such a case include: investigations on the debtor’s solvability and his assets, investigations to identify the corporate shareholders and directors, telephone discussions, notifications, direct meetings. In 90% of cases, this method pays off.
In case, following such procedures, the debtor fails to provide positive reaction to our measures, the litigation will be commenced in order to recover the debt by suing the debtor and subsequently by enforced execution thereof.
Upon recovery our fee will consist in a floating commission between 3 and 20% of the debt value (exclusive of VAT), according to the age and the amount thereof, as determined upon the execution of the mandate agreement, which will be charged at the time of actual effective recovery of the debt.