Debt collection has always been a tricky part of any business. Creditors can face unreliable partners and customers every day. As a result, instead of the money earned, the company receives toxic assets.
CIS Debt Recovery Solution is a worldwide debt collection agency that provides commercial (also known as B2B) debt collection services in Asia including all 4 districts of Brunei.
Many companies doing business in Brunei have faced difficulties in returning the money. Thus, debt collection in Brunei can only be carried out by highly specialized professionals with experience in Brunei's commercial law system as well as local business rules. Thus, CIS DRS will provide you with world-class debt collection professionals to assist you in out-of-court and litigation proceedings.
A key feature of debt collection in Brunei is the absence of professional agencies in the country. Therefore, if your goods or services have not been paid for and you want to get your payment back, the only visible solution is to hire an international law firm. Moreover, such a company must operate in accordance with the national laws of Brunei. For example, the statute of limitations in Brunei is 6 years, but there are many special exceptions, so only a team of professional lawyers can advise on your claim.
CIS DRS Debt Collection Services in Brunei
If your contractual partner violated the agreement and did not pay off the debt, you can always contact our law firm. We provide a full range of debt collection services in Brunei, including but not limited to: due diligence of the debtor; all types of correspondence followed by phone calls and videoconferences, outbound email and personal meetings; drafting of legal notices / claims / pre-trial claims, etc.
First of all, we will start by providing the debtor with a formal warning letter of the claim as per the nationwide laws of Brunei. We reach an amicable settlement through negotiations with the debtor after establishing the facts, identifying problems, assessing the motivation of the debtor, developing repayment options, concluding an amicable commercial agreement with the debtor and, finally, we closely monitor the execution of settlements.
Please note that the most effective way to recover your costs in Brunei is B2B Alternative Dispute Resolution. Our lawyers use all their knowledge of Brunei's business rules and negotiation skills to reach an amicable settlement with the debtor. However, if you decide to seek debt collection through the court, our lawyers will also help you choose the best third-party legal support for each specific case. Our agency has a huge network of partners in many countries around the world.
CIS DRS Collection Advantages in Brunei
By contacting our debt collection agency, you will benefit from our many years of practice in the field of debt collection and our network of lawyers in many countries around the world.
Moreover, there is no need to worry about privacy, which is especially important these days. All your personal information and trade secrets will be kept safe as we comply with the General European Data Protection Regulation (GDPR).
Our prices are based on excellent client service. We work for results in amicable B2B debt collection and have fixed prices for standard litigation.
Therefore, if your company has an outstanding debt in Brunei and you want to return it soon, you can hire our team. Do not hesitate to contact CIS Debt Recovery Solutions. Please fill out the form to submit your debt collection request.
AT A GLANCE
Serving Clients in BRUNEI for more than two decades
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
portfolio analysis
control of payment terms
timely reminders
soft communication with clients
advisory regarding billing cycles
reminders via emails
receivables control
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
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
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
filing creditors claims
representing clients in creditors committee meetings
bankruptcy process monitoring
liquidators communication
regular reporting to client
assets recovery
DEBT COLLECTION SERVICES IN BRUNEI
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
Get Proposal
Forward for Client's Approval
Collect Payment to Client
CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
Send In-house Demand Notice
Whether Disputes (if yes)
Get Proposal from Debtor
Forward for Client's Approval
Collect Payment to Client (if approved)
Suggest Court Case If Worth (if no)
CLOSE
Whether Responds Negatively (if no)
3.3
Convince for Amicable Settlement
Get Proposal
Forward for Client's Approval
Collect Payment to Client (if approved)
CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
Current Status of Each Case
Collection Efforts Our Lawyers Have Already Done
What Should Be Done Further
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