Everyday many companies face nonfulfillment of financial obligations by their counteragents or third parties. It is always difficult to return money under the contract because everybody wants to save finances as long as possible. Debtors are not acting fast to make payments, especially when they have already received services or goods.
Even though Lithuania is located in Europe and is a part of the European Union, the mentality of commercial counteragents, based in the country is more similar to CIS countries. It is quite difficult to find the most successful option to recover the debt without losing time, money and nerves, while you try to protect your rights and interests.
However, we are to state that a pretrial debt collection is the most effective option to return the finances. Legislation in the country allows finding options to convince or force your debtor to return the finances within the nearest possible time. Of course, it will not be easy, but it is possible.
What should you do?
The most effective and cost-saving way to recover a debt in Lithuania is – amicable, pretrial collection. You should not wait for a year or even 6 months until your counteragent will decide to pay. As soon as the debt occurs – the procedure of recovery must be started. Remember, the less delinquency, the more chances to collect the debt.
Of course, you may think that in case a company is involved in a bankruptcy proceeding or is declared to be insolvent, there is no chance to return your finances. We will say that you will not get any success with the litigation, however, amicable debt collection is possible and should be effective.
We can definitely help you!
CIS DRS (CIS Debt Recovery Solutions) has a worldwide network of partners. This helps in recovering debts every single day. We provide services of amicable debt recovery in Europe and, especially, in Lithuania.
Our agency is working in the B2B, and specializes in credit management, amicable (pretrial) debt recovery, enforcement debt recovery, recognition and fulfillment of court rulings. Our team practices amicable collection every single day for many years already, successfully returning millions on bank accounts of our clients.
We are aiming not only to help you with returning your money but also helping you to save relations with your partner. We understand the importance of the reputation of our clients, and we always work professionally within the limits of local legislation. We not only conduct negotiations and make calls or send letters, but we also perform investigations, prepare credit reports, and create specific strategies for each particular case.
If you have any additional questions or inquiries, please, give us a call or fill in the form on the website below.
AT A GLANCE
Serving Clients in LITHUANIA 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 RECOVERY IN LITHUANIA
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