CIS DRS

B2B DEBT COLLECTION MOLDOVA

Debt portfolio management & Debt collection in MOLDOVA
We recover your bad debts for the success fee.

General overview of the debt collection in Moldova

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Chișinău, Moldova


Moldova is one of the countries with huge economic potential. Recently, many companies from that region have found themselves in an economic struggle. The reason for such events is rooted in the fact that the payment culture of Moldova has changed drastically over the last several years.

Our lawyers from CIS DRS have observed that especially in the B2B sector companies struggle with the return of their money from their business partners. These cases occur for the companies that work both nationally and internationally. In general, there are 2 solutions to the problem of debt collection and recovery. In B2B a company can either outsource a debt collection agency or proceed with the recovery of late payments with the help of the court.

Our lawyers in CIS DRS are able to assist their clients every step of the way and advise on the best solution based on their expertise. We have years of experience in debt collection and recovery for companies in Moldova, which helps us to provide our clients with the best possible assistance.

How to recover the debts in Moldova?

In general, an amicable settlement is a way of debt recovery where both parties are able to come up with a solution, which will benefit both parties. Our lawyers in CIS DRS have years of experience in developing various approaches and techniques for its clients.

For each client, the approach could be modified due to specific requirements. In the beginning, we analyze the financial situation of the debtors and search for additional contact information. After that, our lawyers send a letter of the 1st demand to the debtor`s company notifying them of an issue. All actions are carried out in compliance with the national legislation of Moldova. In cases, where it is impossible to reach an amicable settlement, we advise our clients to consider judicial recovery of the debts.

What are the main benefits of debt collection?

As it was mentioned above, there are 2 ways of debt collection and recovery in Moldova: extrajudicial and judicial. Many companies still firmly believe that amicable (extrajudicial) dispute resolution of cases is less harmful than judicial debt recovery. This point of view is upheld due to the following reasons:
1
In commercial relations the most valuable point is time. That is why the return of the money with the help of a debt collection agency makes the process of recovery go faster than in the judicial option.
2
Debt collection agencies care about the proper presentation of their clients. That way even after the resolution of a case it is still possible to maintain good business relations.
3
There is no need to hire additional staff or train employees to perform debt collection.

We work with you and for you

Our professional staff understands how important it is for a company to have the invoices paid on time. That is why we always do our best to ensure that your late payments are returned to you in a timely manner. We provide our clients with a status report every step of the way because we care about our clients. For more information, please, do not hesitate to contact us via the form below.
AT A GLANCE
Serving Clients in MOLDOVA 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 PORTFOLIO MANAGEMENT IN MOLDOVA

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: +44-204-457-0696
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM
We work Monday to Friday, 9 AM - 6 PM (GMT)