CIS DRS

DEBT COLLECTION IN HUNGARY

Debt portfolio management & Debt collection in HUNGARY
We recover your bad debts for the success fee.
Usually, when your counterparty receives trade credit or services in credit you may face some complications in the recovery of costs in the future. It is a normal situation in commercial practice because a small number of companies stay sure that everything will be ok after the credit is taken. Anyway, those kinds of situations take a place in our life. In this regard, to return your money easily and surely, you need to use the services of debt collection agencies.

The key features of debt collection in Hungary

It needs to be noted that the debt collection process in more than 97% of cases effectively closed in a pre-trial stage. Therefore, it is obvious that a debt collection agency is the best choice in resolving your receivables issues. But you need to consider some peculiarities of the collection process in Hungary because this country different from most of Europe in this aspects: you can't make any collections if the debt is not overdue in Hungary; if the debtor is in the liquidation process, you should send a warning letter; there are a certain number of procedures, which can be used to receive a payment from the debtor (order for payment procedure, litigation, liquidation procedure, arbitration, European Payment Order).

CIS DRS services

Considering all the characteristics of the debt collection procedure in this country CIS DRS offers to you our excellent services in debt collection through negotiations. We use all opportunities to reach the debtor and to start resolving the issues regarding the settlement of the outstanding balance. Instalments, discounts, negotiation techniques, informational research - this is how we make it possible and effective. We do have experience in big data analyzing as well as a knowledge of different types of companies, peculiarities of B2B relations. Additionally, analysis of trade documents in default affords to forecast, whether a return of the credit is possible or not.

Why should you order CIS DRS for debt collection in Hungary?

First of all, as lawyers we have connections personally with colleagues from many countries worldwide. It means that wherever you need, wherever you want to receive our services, you can bring it into our hands, and the job will be done.

Secondly, we have an exceptional experience in debt collection globally. Many famous brands entrusted collection and recovery services to us.

You will never pay if you don't receive money due to our work. "No success - no fee" is the key principle in our work. Your income is a priority in our daily activity. And, of course, you don't need to think over where to find the money for the legal services.

Additionally, it is pretty convenient when you know what your partner does to help you. We provide our regular and comprehensive support through reports regarding every case we work on. Therefore, you can see whether work is good or not. We are open to it because our name and position in business are well deserved.

Send us your collection request via the form below.
AT A GLANCE
Serving Clients in HUNGARY for more than two decades
Debt Collection in HUNGARY
  • 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 in HUNGARY
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in HUNGARY
  • 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 in HUNGARY
  • 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 in HUNGARY
  • 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 in HUNGARY
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT PORTFOLIO MANAGEMENT IN HUNGARY

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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