DEBT COLLECTION IN LUXEMBOURG

B2B Debt recovery & Debt collection in LUXEMBOURG

We recover your bad debts for the success fee

B2B debt collection in Luxembourg has a number of features like in any other European country. First of all, this country differs from others in a strictly regulated procedure for carrying out actions to collect debts. In addition, a law practice allows particularly evasive debtors to resort to legal action to delay the payment.

However, Luxembourg is one of the main financial and credit centers in Europe. In addition, there is a large number of headquarters of the largest European corporations in the country. These factors make debt portfolio management in Luxembourg beneficial for law companies with expertise and solid experience.

Management of the debt portfolio in Luxembourg

B2B debt collection in Luxembourg has a number of features like in any other European country. First of all, this country differs from others in a strictly regulated procedure for carrying out actions to collect debts. In addition, a law practice allows particularly evasive debtors to resort to legal action to delay the payment.

However, Luxembourg is one of the main financial and credit centers in Europe. In addition, there is a large number of headquarters of the largest European corporations in the country. These factors make debt portfolio management in Luxembourg beneficial for law companies with expertise and solid experience.

Services that CIS DRS provides in regard to the debt collection

Our agency provides a full range of debt collection services in Luxembourg. We are experts in debt portfolio management and are able to handle a large portfolio of cases. Our team of lawyers always conduct negotiations directly with the owners of the debtor's company and always demand the repayment of the whole outstanding amount as soon as possible.

You may also order site-visits to the debtor's premises in each case to check the presence of the company and to obtain additional information that could be helpful in our collection efforts. Also, we have access to the informational resources about legal entities and export-import databases, which gives an additional advantage in negotiations with the debtor's owners.

Why do companies entrust debt portfolio management to CIS DRS?

There are many reasons why creditors do not engage in debt collection on their own, but entrust the debt portfolio to the professional lawyers and teams of CIS DRS specializing in recovery of money worldwide. Of course, knowledge of the local laws and the language of the debtor are the main reasons. However, there are a number of other details that creditors take into account when deciding to entrust the portfolio to our team.

Firstly, because of the knowledge of the features of the economy and political situation of the country in which the debtor is located. Secondly, due to a deep understanding of the cultural and social characteristics of the location of the debtor. Thirdly, due to more than 10 years of experience in daily negotiations, hundreds of arguments and tactics to persuade debtors and an automated system that allows lawyers to be as effective as possible with every action.

Advice on what to do if your debtor is from Luxembourg

First of all, we advise you to study in detail and remember all the details regarding the commercial transaction and trade documents. In addition, it is very important to study the debtor's company: legal status, board of founders, statutory capital, affiliated companies and counterparties of the company. Be sure to consider your tactic and write a list of possible negotiation arguments.

However, our main recommendation on how to convince the debtor to fulfill their obligations is to fill out the feedback form on our website and entrust the debt collection to the CIS DRS team. Our lawyers will analyze the basic information about the debtor, study trade documents and provide you with our proposal for cooperation.
Why should I choose CISDRS debt recovery services in Luxembourg?
  • NO WIN NO FEE

    We use the “No Collection, No Fee” principle in debt collection. You pay for our services only after the receipt of the money from the debtor. No prior payments and/or charges (e.g. open, handling, closure, or whatsoever charges)
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  • Excellent client service experience
    We provide excellent client service and are ready to get in touch with you through an email, a call, or even messengers. You will be always aware of the situation as we provide monthly reports on your cases. We have developed unique recovery algorithms and created individual workflow for each creditor
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  • Proven Track Record

    Our firm has a proven track record of successfully recovering B2B debts in Luxembourg. We have helped numerous businesses regain their outstanding funds, earnings despite the business area. We cover key Global Industries and work with Credit Insurers, Transnational Banks, SaaS companies, Tech companies, Financial Institutions, Multinational Companies, International Law Firms, International Debt Collection Agencies etc.
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  • Effective local debt collections solutinos
    With our established local presence and extensive network in Luxembourg, we have built valuable contacts with key stakeholders in the debt collection industry. This allows us to efficiently navigate the local landscape, locate debtors, and expedite the debt recovery process
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  • Highest standard of professional ethics
    At CIS DRS, we are committed to upholding the highest standards of professional ethics and value the reputation of our clients. Our lawyers follow strict protocols to ensure that all collection efforts are conducted in a fair and ethical manner
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  • Transparent communication and reporting
    We believe in open and transparent communication with our clients. Throughout the B2B debt collection process in Luxembourg, we provide regular updates, detailed reports, and clear documentation, keeping you informed every step of the way. You are always informed about the progress
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Q&A

Legal procedures for collecting B2B debts in Luxembourg involve initiating legal action through the court system or using alternative dispute resolution methods.

services available in Luxembourg

AMICABLE DEBT COLLECTION: Comprehensive Approaches to Secure Repayment


By applying these strategies, you can increase the likelihood of successful debt collection and secure the financial stability of your business.

DEBT MANAGEMENT: Effective Measures for Financial Control and Client Communication


Through these strategies, businesses can not only improve their debt management processes but also maintain positive relationships with their clients, ultimately leading to a healthier financial position.

LITIGATION: Navigating the Legal Process for Debt Recovery


These steps can be complex and time-consuming. Therefore, it is recommended to seek the help of an experienced law firm or debt recovery agency like cisdrs.com to guide you through the litigation process. They can help ensure your interests are effectively represented and improve your chances of a successful outcome.

ARBITRATION: An Alternative Dispute Resolution for Debt Recovery


Arbitration can be a complex process, so it's recommended to enlist the help of professionals, such as the debt recovery specialists at cisdrs.com, who have experience in arbitration procedures and can represent your interests effectively.

ENFORCEMENT: Realizing the Debt Recovery


Enforcement can be a complex process that requires expert knowledge of the legal system. Therefore, it can be beneficial to enlist the services of a professional debt recovery agency like cisdrs.com. They can guide you through the enforcement process, handling the legal details, and helping you recover your debt in a timely and effective manner.

BANKRUPTCY: An Inescapable Route in Debt Recovery


The bankruptcy process can be a complicated and lengthy one. Enlisting the help of a professional debt recovery agency like cisdrs.com can make the process more manageable. These professionals can handle all aspects of the bankruptcy process, from filing claims to asset recovery, ensuring that your interests are protected throughout.
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1 Ropemaker str, London, EC2Y 9HT
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Germany

ul. Opolska 110, Kraków, 31-355
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