CIS DRS

OUTSOURCE DEBT COLLECTION IN MOLDOVA

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

General overview on the Debt Collection in Moldova

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For many companies in Moldova, one of the most important things is to manage their finances and receive payments for goods and services provided. In commercial relations obtaining late payments could be an obligation of internal staff, however other companies prefer to outsource collection agencies to get help in such situations.

In general, companies in Moldova are able to choose the method of the collection of payments depending on the circumstances of their situation. The payment culture in Moldova is high, but recently there have been more and more cases where companies, which work in the B2B sphere have found themselves in a situation where it is hard to collect payment from their business partners.

In order to outsource a company, a business has to determine the final goal of the whole process. For example, some companies highly value their goodwill, that is why only a team of professionals will be able to return the money and maintain a good representation of the company. For our lawyers in CIS DRS, the most important thing is to provide excellent client service, that is why for our clients in Moldova we do the best we can to help them in the most efficient way.

What can CIS DRS do for your business in Moldova?

CIS DRS provides a wide range of services to its clients worldwide with a focus on alternative dispute resolution. As it was mentioned before, for many companies in Moldova debt collection and recovery may seem like quite a complicated task to do. CIS DRS is aware of all the peculiarities of the process as well as legal requirements. In general, there are two ways to return money in the B2B sphere: with the help of debt collection agencies, or with the help of a court.

As practice shows, more and more companies in the B2B sphere prefer to choose the 1st option. In a case of an amicable settlement, our lawyers in CIS DRS have developed a particular method, which could be modified in accordance with the requirements. In the beginning, we conduct research on the financial status of the debtor`s company and look for any additional information, which we can find. After that, we contact each other in a manner prescribed by the legislation of Moldova and try to use various negotiation techniques to persuade the debtors. In case it is impossible to settle the issue amicably we advise our clients to consider the court proceeding option.

The key benefits of the debt collection agency.

There always has been a debate on whether it is efficient to outsource a debt collection agency. Many companies prefer to either recover the payments on their own or to engage government officials to get help. Nevertheless, there are still more advantages than disadvantages.
1
Outsourcing debt collection agencies are fast. There is no need to wait for the court verdict and for the enforcement. Debt collectors are able to negotiate and prepare settlement offers on your behalf, saving your business time and money.
2
There is no need to train internal staff or hire additional employees. Debt collection agencies like CIS DRS have years of experience in the field and know many techniques on how to get settled.
3
A debt collection agency provides a business with the possibility to focus on other important tasks.

We work - you gain

Our main goal is to return money to our clients without damaging their reputations. We care about our clients and that is why we are available for your assistance 24/7. For more detailed information, please contact us using the contact information 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: +44-204-577-06-96
EMAIL: europe@cisdrs.com

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