CIS DRS

DEBT COLLECTION IN LITHUANIA

Debt portfolio management & Debt collection in LITHUANIA
We recover your bad debts for the success fee.
What is debt collection in Lithuania?
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
Debt Collection in LITHUANIA
  • 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 LITHUANIA
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in LITHUANIA
  • 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 LITHUANIA
  • 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 LITHUANIA
  • 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 LITHUANIA
  • 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
  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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