CIS DRS

OUTSOURCING DEBT COLLECTION
IN THE CZECH REPUBLIC

Debt portfolio management & Debt recovery in the CZECH REPUBLIC
We recover your bad debts for the success fee.

Why do companies prefer third-party debt collection?

The main advantage of transferring the debt portfolio to an external collector is the company's concentration on its own activities. Our clients do not need to maintain a whole department of employees who will deal with money collection. More and more companies are realizing the need to hire an outside collection agency that has the expertise to deal with such issues.

You just need to gather and send us a package of documents that confirm the existence of obligations. We will immediately prepare letters of demand, integrate the debtors' data (contact emails, phone number, financial and credit info) into our CRM system and start daily work on the same day. All our clients have to do is receive regular reports on our work and, from time to time, confirm our advice for a settlement or sign the agreements we have drawn up.

How does our company work in the Czech Republic?

Czech Republic, Prague
Our external debt collection agency provides a full range of services in the Czech Republic. Our main practice is a pre-trial bill collection, which minimizes the time and cost of our clients. This includes the preparation of all related documents for the negotiation process. Namely, letters of guarantee, payment schedules, restructuring plans, supplementary and settlement agreements.

We can find the necessary solution to consolidate the results of negotiations, considering the interests of the client. If necessary, we can also start litigation, recognize foreign arbitration or court judgments. In the event of bankruptcy, we prepare creditor claims on behalf of our client and manage the entire procedure up to receive payments from the sale of the debtor's property.

Why should you entrust us with outsourcing debt collection?

We provide our clients with a local presence in the Czech Republic, eliminating the need to look for lawyers, pay them for the time of their work, or send employees on a business trip to negotiate with the debtor. This is not necessary anymore, since our offices are already located in the largest cities of the Czech Republic. Even if the debtor is in a small border town, we need no more than 2 hours to get to him.

The Czech Republic is a member of the European Union, but it also has its own cultural features. It is essential that our lawyers understand these ones and can use them during negotiations. We also perfectly understand the economic ties and sales markets for local companies. We analyze analytical reports on different sectors of the economy weekly. In whatever area the debtor works, we will help to understand his business interests.

You may easily submit your case via the form below!
AT A GLANCE
Serving Clients in the CZECH REPUBLIC 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 THE CZECH REPUBLIC

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: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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