CIS DRS

OUTSOURCE DEBT COLLECTION IN ARMENIA

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

What is it like to have a debtor in Armenia?

Armenia is one of the CIS countries where doing business is very difficult. Peculiarities such as a weak economy, government restrictions, high taxes and social conditions contribute to the emergence of debts of local companies to foreign suppliers.

The mentality of local entrepreneurs does not allow partners from abroad to reach agreements that will be guaranteed to be fulfilled. Moreover, even having a signed contract does not guarantee that the local company will fulfill its obligations even to a big international partner that has offices worldwide.

The services that we provide in regard to the debt collection

After entrusting the case to work, our lawyers carefully study trade documents, make a deep information search for additional information about the debtor, which will help convince him faster. Moreover, we develop a negotiation strategy and select the necessary arguments before the first negotiations with the responsible person. We always negotiate exclusively with the management of the debtor company or with employees who make financial decisions. Our main goal in any negotiations is to return funds to our client's bank account as soon as possible.

If we are unable to contact the management of the debtor's company and the information search does not give any result, our lawyers conduct a site visit to the debtor's premises.The purpose of this action is to check whether the debtor's company is physically present at the specified address, to obtain additional active contact details and to negotiate with the persons responsible for payment if they are present in the office.

Why should you entrust your debt portfolio to an outsource debt agency?

A B2B debt collection law firm has several advantages over in-house lawyers that allow us to make the recovery faster. First, each of our lawyers has dedicated over 10,000 hours of negotiation to maximize their skills. Secondly, we are fighting for the result, since we will receive a commission only on the fact of debt collection. Thirdly, we have developed 83 negotiation strategies that will allow us to find an approach to any debtor and achieve our goal.

Let's start cooperation now!

We recommend that you fill out an application below and leave key information about your debtor. Our lawyers will study trade documents, find out all the details about the credit, conduct an informational search on the debtor and provide you with a commercial offer. Remember that in the cases of pre-trial negotiations, we receive a commission for the work performed only after our client receives money collected by us to a bank account.
AT A GLANCE
Serving Clients in ARMENIA 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
COMMERCIAL DEBT RECOVERY IN ARMENIA
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)