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
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 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
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!
Just fill in the form and we will revert to you ASAP