Business operates on trust. But sometimes its limit ends, and it is necessary to reclaim the accumulated debt. And here problems may arise: as a rule, debtors are in no hurry to return money. There are several ways to go.
Instructions
Step 1
Conduct negotiations with the debtor immediately after the violation of the payment deadlines. Write complaints letters with links to the current contract and legal regulations. Check with your lawyers on how best to write these letters. Correctly executed correspondence will not only put pressure on your counterparty, but also prepare you for a likely legal claim. Debt restructuring may be required. If the debtor provides convincing guarantees, you can go for an installment plan, since it is beneficial to resolve the case out of court.
Step 2
Exercise moral pressure on the leaders of an unscrupulous firm. True, such measures are on the verge of the law. But there are security services that conduct tough negotiations and, often, achieve results.
Step 3
Go to court for debt collection. To do this, you need to carefully prepare the documentation, hire a qualified lawyer specializing in arbitration practice. But be prepared for some difficulties. Arbitration cases can be protracted. They have several instances, and subsequent ones can overrule previous decisions. Moreover, even a successful case does not mean debt collection. Bailiffs often do not find property that can be foreclosed. In addition, there is no quick debt repayment in this case.
Step 4
Find out the bank account of your debtor if you already have a writ of execution on hand. You can request this information from the tax inspectorate, or you can establish contacts within the debtor organization and find out how their financial activities are actually carried out. After receiving a list of accounts, contact the credit institution with a requirement to write off the money in your favor. There they must fulfill it within 3 days.
Step 5
Sign a contract with a collection agency. This is a specialized organization dealing with debt collection. Choose one of the options for working with it. You can delegate to the agency the rights to represent your interests as a creditor. Or you can assign your receivables to a collector. Of course, not every debt can be sold. And you will have to pay for the return of debts.
