Practice areas
Debt collection for companies and businesses
Accompanying companies and businesses in collecting debts: reviewing the debt, approaching the debtor, a claim or an application for execution, managing the file in enforcement and ongoing follow-up.
Who the service is for
The service is for companies, small and medium-sized businesses, licensed dealers and service providers that are owed money by customers, suppliers or business partners: unpaid invoices, bounced cheques, a breach of an agreement or an accumulated running debt.
The office also accompanies businesses that have received a demand for payment or against which a file has been opened, and examines the debt and the options open to them.
What the representation includes
Reviewing the debt
Examining the agreement, the invoices and the correspondence, the limitation periods, and the prospects and costs of each course of action, before a decision is made.
A demand letter
An orderly written approach to the debtor that sets a date for payment and documents the demand ahead of the next proceedings.
A payment arrangement
Negotiating an arrangement where it serves the business, and setting it down in writing in an enforceable form.
A monetary claim or an application for execution
Filing a monetary claim or a claim for a fixed sum, or an application to execute a cheque, promissory note or judgment in enforcement, according to the nature of the debt and the documents the business holds.
Managing the file in enforcement
Opening a file at the Enforcement and Collection Authority, applications for collection proceedings and attachments, and handling the debtor’s objections and applications.
Follow-up and updates
Following the file and the sums received, and updating the business in writing on every development and decision.
The stages of handling
Step 1
A meeting and a review of the documents
The business presents the debt and the documents; the office reviews them and presents the options and what each of them means.
Step 2
A demand letter
Where appropriate, an orderly demand for payment with a date for a response is sent to the debtor.
Step 3
A claim or an application for execution
If the debt is not paid, a monetary claim or a claim for a fixed sum is filed in court, or an application to execute a cheque, promissory note or judgment is filed in enforcement.
Step 4
Collection proceedings
Once the file is open, applications for collection proceedings are filed according to the debtor’s situation and assets, and the debtor’s objections and applications are answered.
Step 5
Follow-up and reporting
The office follows the file until it is closed and updates the business in writing at every stage.
Documents to prepare
- The agreement, quotation or order on which the debt is based
- Invoices, receipts and the customer’s ledger from the bookkeeping
- Bounced cheques or promissory notes, and the bank’s confirmations of their return
- Correspondence with the debtor: letters, emails and messages
- The debtor’s details: full name or company name, company or ID number, address and contact details
- Documentation of the delivery of the goods or the provision of the service
There is no need to wait until all the documents are in hand: the review can begin with what exists, and the rest can be completed later.
A review of the business’s debt
To book a meeting or for an initial review of the debt and the documents, reach the office by phone, on WhatsApp or through the form.
The information on this site is general and does not constitute legal advice or a substitute for it. Contacting the office through this site does not create an attorney–client relationship.