CIS DRS

SMALL BUSINESS DEBT RECOVERY IN FINLAND

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

The general overview of debt recovery for small businesses in Finland

Debt collection is an essential part of any business, even for small ones. When it comes to managing finances it is extremely important to keep track of all payments and bills. For many small companies in Finland, it has recently become a difficult situation to manage. As a result, some companies prefer to get help on their own while others engage collection services for small businesses to get advice and help on the issue.

In general, the debts could be collected in 2 ways in Finland: with the help of court proceedings or by collection agencies. In accordance with the national legislation of Finland, it is necessary to comply with the good collection practices established by the Debt Collection Act. This act is a general law and is applicable to voluntary collection. The law also specifies particular requirements for collection of late bills, for example, the debtor can be contacted during holidays, weekends or any time during weekdays between 8 pm to 7 am. CIS DRS research teams always monitor any changes in this field of law to carry out our tasks in an up-to-date manner.

How does a small business benefit from debt collection?

Helsinki, Finland
Of course, there are some concerns regarding small business debt recovery. Nevertheless, the majority of small businesses still prefer to get help from a small businesses collection agency since there are particular advantages.

Firstly, debt collectors for small businesses have specific knowledge and experience in this field, which makes the process more efficient and fast. Secondly, for small businesses, there is no need to hire additional staff or train internal staff adding up their working hours to carry out this task. And last but not least, collection services for small businesses are proven to maximize productivity and increase income.

CIS DRS methods in the field of debt collection for small businesses in Finland

CIS DRS has years of experience in small business debt recovery. Our collectors are able to conduct negotiations in Finland on behalf of small businesses speaking in the national language and in compliance with the legislation.

In the beginning, we conduct a research on the financial situation of the debtor`s company to understand the situation. Next, we send a letter of the 1st demand notifying the debtor of the issue. Our lawyers conduct negotiations with the debtors and arrange payment schedules or provide the payment programs in case of an agreement after that. There could be situations where the debtors either do not acknowledge the debt or just ignore their obligations. In such cases we advise our clients to consider court proceedings.

Teams of professionals for successful debt recovery of your business

Our lawyers in CIS DRS have several goals while trying to recover payments for our clients. One of such goals is to provide excellent client service. Our lawyers have established connections with many offices worldwide which makes it easier for us to reach the debtors in any part of the world.

For more information, please contact our offices by sending an email or using a form below!
AT A GLANCE
Serving Clients in FINLAND 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 FINLAND

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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