CIS DRS

DEBT COLLECTION IN KUWAIT

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

CIS DRS Debt management process in Kuwait

The debt collection is not an easy process for many B2B companies worldwide. Kuwait is one of those countries where it could seem impossible to recover the money in the B2B sector. Among the things which make this process seem hard to perform are language barriers, peculiarities of business culture, legal regulations.

Even though many companies prefer to recover their payment with the help of court proceedings, outsourcing debt-collection companies is still one of the most popular solutions to the issue. In Asia, in general, the payment culture is well-established, and most of the companies are rarely late with their payments. On the other hand, there are still companies that do not follow common business practices in terms of payment and are late with their payment. In such cases, in the commercial fields companies tend to turn to debt collection agencies for help.

How does CIS DRS perform debt collection and recovery in Kuwait?

The process of debt collection may seem like an easy task to perform at glance, however in reality it is not what it looks like. The most important task for our lawyers in CIS DRS is to ensure that we do not just recover our clients` funds, but also maintain the goodwill and integrity of businesses we represent.

First of all, we examine the cases and conduct additional research about the debtors. It helps us to get a better understanding of the financial situation of the company before interacting with the debtor. After we get a clear picture, we start contacting the debtors by email by sending a demand letter. Following the email, we call debtors to inform them about the issues. Our negotiation lawyers use various techniques to solve the situation in the best possible way. In case the debtor is not aimed at an amicable settlement, we draft a recommendation to our clients to consider legal actions.

Advantages of a debt collection agency in Kuwait

In general, many progressive companies outsource debt collection agencies because they believe that it is more efficient to hire professionals to perform one task. Debt collection is time-saving. Normally the payments are recovered within 3 months. Companies do not have to worry about any difficulties which may occur in negotiations since they will be avoiding them. Last but not least, many companies in Kuwait use that practice since they are able to recover more when engaging 3rd parties.

Team of professionals for successful debt recovery in Kuwait

CIS DRS has established many partnerships over the last 10 years of debt collection. With the help of our local offices, we are able to communicate with the debtors in any language convenient to them, understand the specifics of legislation in the field, and provide excellent service. Our approach is based on a founding principle of excellent client service as we understand that in B2B spheres of business what matters is the outcome. We understand the difficulties which may occur during debt collection in Kuwait, that is why with our long-established practice in Asia, we are able to guarantee you a successful recovery of payments.

Please leave your collection request via the following form below.
AT A GLANCE
Serving Clients in KUWAIT 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 KUWAIT

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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