CIS DRS

DEBT COLLECTION IN AJMAN

Debt portfolio management & Debt collection
We recover your bad debts for the success fee.

Debt collection process in Ajman. General overview

Debt collection is a known process for many companies worldwide. In short, bill collection is a process of obtaining late payments from companies and individuals for goods and services provided. In Ajman as well as in the UAE late payments can be managed in 2 ways: managing the process individually of the company, or by enlisting the services of licensed debt collectors.

After years of experience working in the field of debt collection and recovery, our lawyers in CIS DRS have concluded that more companies prefer to get help from debt collection agencies. On the other hand, the legal system of the UAE provides creditors with the possibility to collect late payments in courts by filing a petition. Nevertheless, many people believe that enlisting the services of debt collection companies returns more income to the companies rather than judicial proceedings.

How does debt collection work in Ajman?

There is a tendency to think that debt collection and recovery are quite complicated. In a way, this opinion is correct. Legal debt collection does require special skills. Our collectors in CIS DRS have years of experience in this field and are highly qualified to provide excellent client services to their clients.
Our teams are always eager to help clients to find a solution on how to not just collect but also to maintain good business relationships with debtors. In the beginning, we analyze the financial situation of the debtors. After we get the whole picture, we contact the debtors by sending the letter of the 1st demand following up with the phone call. When we start negotiations it is important for us to convince them to settle. Sometimes, we offer several solutions on how they can pay back. In order to do that various techniques are used. In case the debtor ignores our attempts of amicable settlement we advise our clients to consider legal action.

What can businesses obtain out of debt collection?

There always has been a debate on whether a debt recovery agency is a right choice for companies. While some people consider this option as an inefficient one, the majority still think that there are more advantages, and here is why.
1
Debt collection services require less time and effort from creditor companies. This option gives clients time to focus on the performance of their daily tasks, while their late payments are taken care of.
2
With the help of payment collection services, it is possible to have better business relations with the debtors afterward.
3
The process itself costs less than legal proceedings.

We collect - you gain

Our experts in CIS DRS know the process of debt recovery inside and out. We have more than 10 years of experience in the Ajman region, which gives us more chances of successful debt recovery than any other firm. We care about our clients, and that is why we are ready to be of service 24/7 collecting the payment for you! For more information, please, do not hesitate to contact us!
AT A GLANCE
Serving Clients in AJMAN for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT COLLECTION SERVICES IN AJMAN

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN ASIA:

TEL: +86-532-82-02-2526
EMAIL: asia@cisdrs.com

1805 Parkson International Business Center, 44-60
Zhongshan Road, 266001, Qingdao Shandong, CHINA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)