When a debt remains unpaid and the owed creditor seeks to recover his losses, the debt can go into collection stage. The collection is usually carried out by outsource agencies. These businesses function as financial services for creditors. CIS Debt Recovery Solution
is a worldwide international debt collection agency that provides online debt recovery services, including Europe.
The Italian legal system, based on civil law, is characterized by a very large number of laws and a wide variety of grounds for appeal. First of all, if you want to prosecute your Italian debtor, you must do so within the country's 5-year statute of limitations. Moreover, Italy has a fixed debt recovery process, including clear restrictions on actions and communications that apply to the debtor. It also should be mentioned that if your contract or bill with the Italian debtor does not contain provisions for the payment of interest on the outstanding debt, you can claim interest on late payment calculated under the Legislative Decree.
Therefore, during the debt recovery process with a company, it is important to involve a law firm that acts per the Italian legal framework. Our collectors understand both the local culture and business rules. You can be assured that all legal actions are carried out under the law.