CIS DRS

OUTSOURCING DEBT COLLECTION IN TURKEY

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

The general overview of the outsourcing debt collection in Turkey

The process of the management of the finances is quite vital for every business. However, there is still one problem many companies in Turkey still struggle with. This is the collection of late payments from business partners. There are companies, which prefer to manage this problem on their own without any outside help. Normally, they try to fill that hole in the budget by increasing sales and paying more for marketing. Of course, the chosen path has its advantages. But still, the majority of companies prefer to deal with the issue in other ways.

In general, the debts can be recovered in Turkey in 2 ways: with the help of court debt recovery or with engaging an external debt collection agency. In the case of the 1st option, there are a lot of resources needed and one of them is time. In the case of the 2nd option, an outside debt collection agency can provide many kinds of solutions to the issue.

The outsourcing of a debt collection agency is a process well known to many companies in Turkey. This solution works best for those companies who prefer to focus on their daily tasks while their payments are taken care of.

How can a business in Turkey benefit from it?

There is a constant debate on whether the solution of a 3rd party debt collection agency is the right one. Yet there are more advantages of this service:
1
It saves more time than the court proceedings. Sometimes, it is just easier to send a letter and receive a quick response on the payment instead of spending time waiting for the court proceeding.
2
The 3rd party debt collectors are capable of handling the cases without much supervision.
3
An outsourcing debt collection agency always gives quick feedback on the cases.

CIS DRS recommendations on the process

debt collection agency in Turkey
Hagia Sophia Museum, Turkey
Our lawyers in CIS DRS are always ready to help our clients to recover the payments in the best possible way. We understand that the collection of money can be complicated for many businesses, which is why we have come up with an approach. It helps us to carry out the task in accordance with the national legislation of Turkey.

We send a letter of the 1st demand to the debtor notifying them of an issue at the very beginning. Our lawyers jump to negotiations and try to figure out the current situation of the debtor after that. In addition, our research teams always help to monitor the financial status of the companies. The next step is to finalize the negotiations. When our lawyers get a clear picture of the case they offer the debtor several options on how to proceed with the payment. In case it is impossible to get the debtor to agree, we recommend our clients to consider court proceedings.

How to secure the return of the money for late payments?

The answer to this question is quite simple. In order to secure the return of the money a company should outsource debt collection. We are sure that this method is proven to be the most efficient one. We have years of experience in the field and partnerships worldwide. For more information please contact our offices or fill in the form below or send us an email.
AT A GLANCE
Serving Clients in TURKEY 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 RECOVERY IN TURKEY

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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