CIS DRS

B2B DEBT COLLECTION IN USA

Debt portfolio management & Debt collection in the US
We recover your bad debts for the success fee.
How does the collection in the USA differ from other countries?
The whole process of b2b debt collection in the United States of America is not the same as in other countries or anywhere worldwide. The main difference is the strict regulation of collection activities by the state. The Fair Debt Collection Practices Act is a federal law that restricts the behavior and actions of the debt collection agencies. CIS DRS is compliant with all Federal laws in regard to all debt collection practices.

Another important difference is the existence of local legislation that governs the efforts of collection agencies and their associates in each state. There are many cases when the debtors file a claim with the court for violating the laws, namely, exceeding the permissible number of daily phone calls, conducting rude negotiations, etc. In this connection, trusted lawyers always consider legislation of every state before we start our work in every claim that we receive from our clients.
The advantages that we use in our collection work
A professional investigation on the debtor is an important step towards debt collection. Solid investigation experience in the US gives us the opportunity to conduct a deep investigation on the debtor's companies, shareholders, affiliates, and financial funds.

In our investigation service, we use the concept of open-source intelligence (OSINT), which means the mass of data collected from different sources that is combined into a unified system. Using the obtained information, we build a collection strategy that helps us to conduct effective negotiations directly with the responsible for repayment persons.

Our latest success story was recovery of the debt from a small business that ordered a batch of textiles from China. Following the concept of OSINT, we have filed our written requests to the California Secretary of State and obtained detailed data about the registration of the company, copies of certified LLC's documents, information about its beneficiaries, and the location of the debtor's office as well as its other commercial property.

We combined the obtained information from the Secretary of State with the results of our online research and found out that the debtor is affiliated with a large group of companies. Our team also arranged a site-visit to the debtor's warehouse in Los Angeles, CA, and confirmed that the debtor had sold the whole shipment. Having this information, we conducted negotiations with the debtor's management and agreed on a settlement plan with them.
Advices on how to protect your business from delayed payments
CIS DRS has profound experience in negotiations with the debtors in business to business cases with defaulted payments, and we always recommend international suppliers to check the buyer before signing of the trade contract. In the US this can easily be done by sending requests to local Secretaries of States either online or by regular post.

Besides that, we recommend obtaining as much contact information from the buyer as possible. The best option is to have personal phone numbers, email addresses of the company's shareholders, and general director, not only trading managers. Bearing in mind the fact that the most efficient way to agree on the payments is through negotiations with the company's owners, the suppliers should be able to contact them directly.
AT A GLANCE
Serving Clients in the US for more than two decades
Debt Collection in the US
  • 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 in the US
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in the US
  • 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 in the US
  • 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 in the US
  • 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 in the US
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
PRESENCE
US Head Office is located in Los Angeles
New York
Los Angeles
San Francisco
Miami
Chicago
Seattle
B2B DEBT COLLECTION IN USA
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
NORTH AND SOUTH AMERICA:


TEL: +1-323-410-1269
EMAIL: support@cisdrs.com

1901 AVENUE OF THE STARS,
2nd FLOOR, LOS ANGELES, CA 90067,
UNITED STATES OF AMERICA
We work Monday to Friday, 9 AM - 6 PM (GMT-7)
Made on
Tilda