CIS DRS

DEBT RECOVERY IN FUJAIRAH

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

CIS DRS debt management in Fujairah

Debt management is widely common worldwide. The key goal of this process is to recover the debts for the services or goods provided. For many companies, especially those who operate in the B2B sector, it is crucially important to recover the payments. In the Middle East, the debt collection process may not seem quite challenging but it requires special attention and expertise. CIS DRS provides services for debt management and recovery in all the states of the UAE, including Fujairah.

In Fujairah, where a lot of B2B companies are based, the process of debt recovery is the same as in all states of the UAE. For all companies based in the UAE, there is a system of law, which regulates the time frames and other requirements, and the system of punishment. All the companies have two choices: amicable settlement, or debt recovery through the trial settlement. In practice, the majority of companies in Fujairah tend to choose the 1st option. In CIS DRS we consult businesses on debt recovery to choose the most suitable course of action.

How does CIS DRS provide services for debt recovery in Fujairah?

The debt collection process in Fujairah could be quite complicated and takes time. Especially in B2B it may be complicated to collect payments and keep business relations between companies sustainable. In commercial relations businesses tend to outsource an agency, which is able to provide necessary services for debt recovery.

In general, the process of debt collection in Fujairah is not complicated, however, there could be some difficulties. Our teams of experts in CIS DRS ensure that this process runs fast, fair, and smoothly. Our teams always try to reach an amicable outcome for each client. We start with strategic planning and consultation for possible outcomes. In the beginning, our investigation teams help to find additional contacts and the solvency status of debtors. In our debt management strategy, we provide negotiations, management services, and settlements in an amicable manner.

Advantages of debt collection agencies for recovery in Fujairah

There are several challenges commercial companies face in Fujairah, and debt collection is one of them. To help with the payments from debtors the best solution is to outsource an agency. With their help, your business can recover the money in the fastest and safest way possible. Instead of taking the matter to courts, which would require extra resources, debt collection agencies could provide you with better results.

Teams of experts in CIS DRS to help businesses in Fujairah recover the debts.

We understand all the specifics and complications that could arise while returning the funds in not just Fujairah, but in the UAE in general. The debt collection lawyers from CIS DRS have established partnerships and relations in all regions of the Middle East. With those connections, we understand and monitor all local business practices, financial status for each debtor to work out the best solution for your business. For more information, please, do not hesitate to contact us via filing the form below.
AT A GLANCE
Serving Clients in FUJAIRAH 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 FUJAIRAH

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)
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