CIS DRS

DEBT COLLECTION IN ICELAND

B2B Debt recovery & Debt collection in ICELAND
We recover your bad debts for the success fee.

CIS DRS and debt collection in Iceland

CIS DRS is a worldwide debt recovery agency with decades of experience and excellent client service. We are a B2B focused team of lawyers that has wide recognition in Europe. CIS DRS has gained extensive working experience with International companies, credit organizations in managing debt settlements across borders.

What kind of services will you receive in Iceland?

CIS DRS provides primary collection, intermediate collection, and legal collection.
In other words, we offer complete services in credit recovery to our clients, from the amicable to the legal phase and full support from the very beginning to the successful recovery. Of course, such a process is transparent and is without any operational costs (informational research, conducting negotiations, meetings, phone calls, e-mails, visits) to our business clients, because we only get paid in case of success. No payment no fee.

Our key advantages and expertise.

Quality is our priority. This is one of our core values. We are a long-term partner for all its clients, providing them with the expertise needed and increased cash flow; through an efficient credit collection policy.

Our lawyers use technology that has been developed in international cooperation and is recognized around the world. We aim to provide you with the best recovery services by making sure that: our correspondence is transparent, prompt, and in the language that you and your debtor speak; our collection procedures are carried out following strict workflow; our collection operations set the bar for ethical collection practice. This means you not only have skilled collectors but reliable advisors as well.

Why do you have to choose us?

We know how important your business relations with your customers are to you. Our first recovery efforts will always be amicable and soft. By sending letters, arranging telephone calls, and site-visits, we aim to find out-of-court solutions. Only when amicable efforts have proven unsuccessful do we propose court action.

Furthermore, we constantly stay in touch with you, answer all your questions, keep you fully informed of our progress, and ensure the optimum outcome for your business.

For sure, each case is individual and requires a unique way of problem solving. If you wish to discuss your file(s) and the possibilities, do not hesitate to contact us via the form below. Trust in our experience to collect your international debt.
AT A GLANCE
Serving Clients in ICELAND 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 ICELAND
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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