CIS DRS

B2B DEBT COLLECTION IN AUSTRIA

Debt portfolio management & B2B Debt collection in AUSTRIA
We recover your bad debts for the success fee.

Debt collection in Austria. General overview.

In business relationships payment of invoices is one of the most important aspects. Mutual respect for contractual obligations is considered to be the key to any cooperation. In Austria, the payment culture is relatively high. Nevertheless, many companies working in B2B find themselves in a situation where it is quite complicated to return the money owed from partners.

In Austria, the situation can be solved in 2 ways. In the first case scenario, the companies can settle this issue internally by collecting the payments on their own. The other way indicates that the company can get help from a B2B debt collection agency. Those who prefer to retrieve the debts with the help of corporate debt collection services have 2 options as well. They can either seek judicial debt recovery or settle the payment extrajudicially.

What are the main gains of debt collection for businesses?

Business debt recovery is considered to be quite complex at first. However, many B2B companies still argue that collecting debt from businesses with the help of collection agencies is a better option, and here is why.
1
Commercial debt recovery is fast and efficient. Judicial proceedings do take time while debt collectors with just one phone call can return money to the client safely.
2
There is no need to train staff or enlist new employees to carry out the task of debt collection.
3
Business collections agencies do not just collect late payments but also try to represent clients in a way that will leave minimal damage to business relationships.

How do we help in B2B collections?

In CIS DRS we understand how important it is to have all payments returned timely. That is why our lawyers after years of experience in the field have a particular strategy that could be modified due to the preferences of the clients. At first, we analyze the financial situation of the debtors and look for additional contact information. Next, we send letters of the 1st demand notifying them about the issues. The second stage is negotiations. During negotiations, we use various techniques to persuade the debtors to settle amicably. In case of a refusal or complete ignorance from the debtors, we advise our clients to consider judicial options of settlement.

We collect - you gain

In CIS DRS we understand how essential debt collection is for each business. That is why we try to return your money at all times. We have more than 10 years of experience in the field of commercial debt collection and recovery, and that is why we can offer several solutions to our clients. For more detailed information, please, do not hesitate to contact us!
AT A GLANCE
Serving Clients in AUSTRIA 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 AUSTRIA
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 EUROPE:

TEL: +44-204-457-0696
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM
We work Monday to Friday, 9 AM - 6 PM (GMT)