CIS DRS

DEBT MANAGEMENT IN GERMANY

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

What is debt management?

Brandenburger Tor, Berlin, Deutschland
Every company has its own issues with unpaid bills/invoices. Many related troubles can be resolved by a debt management agency through credit debt management. Portfolio collection agencies can settle for you many issues which you can’t do due to a big number of cases. Actually, portfolio credit recovery is a specialization of mentioned types of agencies as the debt management service is their main work.

So, how does it work? Debt portfolio management - it is actions done by a portfolio collection agency for settlement, service, forecasting of the future results, and planning of the new actions regarding portfolio credit recovery. Hence, when we receive your cases, we start-up to do everything to decrease its number and to make you richer. For this, we as a debt management company, do provide your debtors debt recovery plan, and then starting a whole debt management process.

First of all, when we have a first contact by the phone number of the debtor, we do provide him with a whole piece of information about the case. Then we provide them with advice about the ways to settle the outstanding debt. It is a very important part of the negotiation process as this is the moment where the connection between a lawyer and the debtor is built up, which is the core of the whole process.
Secondly, to receive a payment, we provide the debtors with a settlement plan for another time to clarify all the details, and then through a program, we start to control the whole process online, which is a good solution, as it allows us to go outside of the office, which is time-effective.

Thirdly, to manage all the financial issues we keep in regular contact with the debtor until he will pay all the money. Only then does the collector have its work done.

Receiving money for their bills from the company in Germany is a relatively easy issue. DSO (Days Sales Outstanding) is 30 days on average. It is because of the good consciousness of the German partners, as they would like to keep their credit history as clean as possible.

CIS DRS can help you

CIS DRS can offer to you the following list of the services: analysis of trade documents in default; credit check of the debtor's company; strategy for peaceful settlement; drafting official demand letters; phone negotiations with the debtor; personal meetings with the debtor; drafting restructuring plan; control of installments.

Why are we the best choice for you?

First of all, we do provide our clients with excellent client service, which is shown primarily with our financial results. Actually, we can help you all over the world, as we have connections in more than 145 countries with local lawyers, which is important in debt collection. So, as you can see, we are the best.

Please fill in the form below to submit your case to our team.
AT A GLANCE
Serving Clients in GERMANY 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 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
  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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