CIS DRS
B2B DEBT RECOVERY IN GERMANY
B2B Debt recovery & Debt collection in GERMANY
We recover your bad debts for the success fee.
We recover your bad debts for the success fee.
What are the main specifics of the B2B debt collection in Germany?
Neuschwanstein Castle, Schwangau, Germany
The payment culture in Germany is relatively high as many studies show. Nevertheless, we have noticed that currently more and more countries are beginning to struggle with the collection of late payments. This issue is crucial especially in business to business relationships.
B2B debt recovery may be seen as an uneasy task to do at glance. For German companies there are 2 ways of how to recover the payments: by enlisting corporate debt collection services for amicable settlement, or by a court proceeding. The majority of German companies prefer the 1st option in practice. Collecting debt from business requires time, expertise and experience, which some companies lack. The court settlement in Germany is regulated under Civil Law and may take more time and resources than amicable settlement. Our lawyers in CIS DRS can offer you more details on the matter and advise you.
B2B debt recovery may be seen as an uneasy task to do at glance. For German companies there are 2 ways of how to recover the payments: by enlisting corporate debt collection services for amicable settlement, or by a court proceeding. The majority of German companies prefer the 1st option in practice. Collecting debt from business requires time, expertise and experience, which some companies lack. The court settlement in Germany is regulated under Civil Law and may take more time and resources than amicable settlement. Our lawyers in CIS DRS can offer you more details on the matter and advise you.
The main benefits your business can get out of recovering payment through this service.
Business debt recovery is a solution to many operational problems of any businesses, including businesses in Germany. The main advantages of this service for your business are the following:
1
As practice shows, recovering payment through the help of B2B debt collection agencies is faster than the court proceeding.
2
There is no need to train internal staff to complete this task.
3
It gives business time to concentrate on other operational tasks while a commercial collection agency takes care of the collection of late bills.
CIS DRS approach in 2B2 debt recovery in Germany.
Our company's main goal is to provide excellent client service for its clients. We understand the urgency and importance of this process and ensure that our clients (creditors) recover the majority of their late payments.
To achieve that goal our teams have developed an approach, which can be modified for each client. Firstly, we send a letter of the 1st demand notifying the debtor of the amount, and possible ways for the settlement. After that, our lawyers contact the responsible party and try to negotiate a better deal. Depending on the region in Germany, we conduct a full research on the financial status of the company and search for additional phone numbers, email addresses, etc. In case it is impossible to settle amicably, we advise our clients to consider a court settlement.
To achieve that goal our teams have developed an approach, which can be modified for each client. Firstly, we send a letter of the 1st demand notifying the debtor of the amount, and possible ways for the settlement. After that, our lawyers contact the responsible party and try to negotiate a better deal. Depending on the region in Germany, we conduct a full research on the financial status of the company and search for additional phone numbers, email addresses, etc. In case it is impossible to settle amicably, we advise our clients to consider a court settlement.
Hire a team of professionals for debt recovery of your business.
CIS DRS offers a wide range of services in the field of debt collection and recovery for B2B businesses. We combine our expertise with the demands of our clients to recover the money fast, efficiently and without damaging a reputation. For more information, please contact our offices by using the phone number or email address below. You may also fill in the form below and submit us your case.
AT A GLANCE
Serving Clients in GERMANY for more than two decades
- 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
- portfolio analysis
- control of payment terms
- timely reminders
- soft communication with clients
- advisory regarding billing cycles
- reminders via emails
- receivables control
- 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
- 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
- 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
- filing creditors claims
- representing clients in creditors committee meetings
- bankruptcy process monitoring
- liquidators communication
- regular reporting to client
- assets recovery
DEBT RECOVERY IN GERMANY
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
- Get Proposal
- Forward for Client's Approval
- Collect Payment to Client
- CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
- Send In-house Demand Notice
- Whether Disputes (if yes)
- Get Proposal from Debtor
- Forward for Client's Approval
- Collect Payment to Client (if approved)
- Suggest Court Case If Worth (if no)
- CLOSE
Whether Responds Negatively (if no)
3.3
- Convince for Amicable Settlement
- Get Proposal
- Forward for Client's Approval
- Collect Payment to Client (if approved)
- CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
- Current Status of Each Case
- Collection Efforts Our Lawyers Have Already Done
- What Should Be Done Further
- Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!
WE CAN HELP YOU!
Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:
TEL: +44-204-577-06-96
EMAIL: europe@cisdrs.com
1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM
TEL: +44-204-577-06-96
EMAIL: europe@cisdrs.com
1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM
We work Monday to Friday, 9 AM - 6 PM (GMT)