First of all the company lawyers research portfolio that it has in place to update all data on distressed assets. Parties begin negotiations regarding the authority of the client manager, the subject of the work, goals, tools and other aspects of portfolio management. They also discuss the terms and conditions regarding the reward for successful debt collection. Then the principal transmits all the necessary information, including legal grounds, contact details, and other important information for a successful negotiation. Our lawyers take all necessary actions to recover the receivables.
As the practice shows, the whole process of debt collection
consists of the following stages - establishing communication with the debtor, obtaining promises, payment and successful closure of the case. Sometimes, due to the presence of controversial issues, lawyers have to resolve disputes and process the debtor's objections regarding the fulfillment of their contractual obligations. They use negotiating skills, which are the keys to the financial success of our clients.