Companies may not have a direct way to effectively represent their interests in Bulgaria. Despite this, having a permanent legal representative in the buyer's country is not always the right decision. Firstly, the financial costs of an in-house legal department will always be high. Secondly, payment for the work of lawyers will be charged regardless of the circumstances in the absence of problematic counterparties or disputes. Thirdly, a multidisciplinary in-house lawyer will not be able to conduct high-quality negotiations, unlike the team of negotiators of the outsource debt collection agency
. They focus on negotiations in many spheres and are ready to share experience.
There is a reliable alternative to all mentioned prior. The solution may be an external debt collection agency, which upon your request will resolve disputes with your counterparty and effectively manage a large portfolio of cases. You won't need to pay a monthly salary, rent an office, or fund additional expenses. Moreover, in the cases of pretrial negotiations, you have to pay for the work of the 3rd party debt collector only if the debtor made payment directly to your bank account.