CIS DRS

FAIR DEBT COLLECTION PRACTICES IN WALES

B2B Debt recovery & Fair debt collection practices in WALES
We recover your bad debts for the success fee.

CIS Debt Recovery Solutions services in Wales

Credit in business plays a crucial role in promoting mercantile practices in the UK and Wales in particular. However, there are a large number of cases when you or your partners may have issues with your counterparties due to further non-payment or late payment of your funds. In order to settle such issues, it is recommended to find a local debt collection company that specializes in local legislation and common traditions there. Lawyers from CIS DRS have been helping for more than ten years with the debt recovery process in Wales.

The main features of debt collection in Wales

Be kindly advised that as in many European countries, the debt collection in Wales is due to local laws, rules and measures for the return procedure. For instance, the Limitation Act of 1980 establishes that the usual limitation period of credit in commercial and civil matters is 6 years, with exceptions (a duty deriving from a contract, so-called deed, ended within 12 years).

Fair Debt Collection Practices in Wales

Our advisors always keep the fair practice in the collection. How does it work? The client gets an email or letters with several debt settlement offers. We don't use forbidden languages under harassment. Hence, each call or official letter is double-checked a few times. Following fair practice, it is pretty important for us to maintain good relations with our counterparties. Hence, our team is client-oriented and tries to return payment of debts in full only via fair negotiations.

Additionally, we provide our clients with other types of services like debt collection, litigation, arbitration, debt management, enforcement of judgments, bankruptcy, and our agency secures creditor's rights during the liquidation procedure.

Why should you order CIS DRS for debt collection in Wales?

Our mission is to protect your rights according to the law. B2B needs to reduce risk by maintaining a strong cash flow. We are ready to take responsibility to decrease the negative consequences of such a stressful procedure, as a collection.

We draw your attention to that you always may have the ability to receive reports on the current status of the settlement.

And one of our key point, that we hold relations with debt recovery attorneys in 145 countries worldwide. Our collection process is to provide this service on a no win no fee basis charging the agreed commission after funds are recovered only.

We realize that an outstanding balance can be quite frustrating since you have waited a long time for your payment. Therefore, to get back your money, please, contact us cisdrs.com.
AT A GLANCE
Serving Clients in WALES 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 RECOVERY IN WALES
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: +44-203-807-6559
EMAIL: europe@cisdrs.com

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