CIS DRS

SMALL BUSINESS DEBT COLLECTION IN CANADA

Account receivables are one of the main worldwide problems for the activity of any small business. Consequently, because of unpaid invoices, companies do not possess enough commercial resources to provide operations. As a result, the opportunity for further development and upgrading of a company is wasted. Furthermore, the presence of significant debts is negatively affecting the potential partnership and the investment attractiveness of the entrepreneur.

Generally, there are two types of small businesses debtors. The first one is partners, who usually make payments, but are not able to proceed at present. The second type is counterparties, who refuse to pay the debt or for whom the payment is not a priority. Here you can choose a strategy either to collect the debt yourself or contact a collection agency. The most important thing for debt recovery is speed and determination, which is not always easy for small businesses. Moreover, it is equally crucial to be familiar with debt collection regulation in Canada

Debt Collection Features in Canada

Canada's main factor of debt collection is a two-tier regulation, as the country has a federal structure. Since debt collection is provincially regulated, every collection agency is obliged to be licensed by the Office of Consumer Affairs in each region it operates and to act under the Canadian legislation and local laws.

It must be mentioned that the legal system of Canada regulates the debt collection process, including whom and when you can call, how you are obliged to conduct the writing communication, etc. We also emphasize your attention that there is no time limit for debt collection.

CIS DRS Debt Collection Services

Nevertheless, if your contractual partner violated the contract and did not pay off the debt, you can always contact our international debt collection agency CIS Debt Recovery Solutions (cisdrs.com). We provide a full range of debt collection services in Canada, including:
1
initiating due diligence of the debtor
2
a combination of correspondence with follow-up phone calls and video conferences, e-mail, and personal meetings
3
preparation of legal notice/demands/pretrial claim if necessary
We achieve an amicable settlement by the involvement of the parties in the negotiation process, fact-finding, identifying problems, clarifying questions, development of repayment options, assessment of the debtor's motivation, reaching an amicable commercial agreement with the client and the debtor, and finally careful monitoring of settlement execution.

However, you may want to consider seeking legal redress in court. Then our local partners will advise on the best legal solution for each debt case, and our debt collection agency CIS Debt Recovery Solutions will guide and support you in the further course of the court process.

Our Team's Recommendations

Downtown, Ottawa, ON, Canada
Note that to avoid debt occurrence you need to thoroughly examine all the information about each potential partner (contact details, credit rates, reputation on the international market, etc.). Also, treat all documents responsibly, record everything both on paper and in electronic form. Finally, issue invoices and get paid as soon as possible, negotiate about the prepayments if attainable.

However, in case you already have unpaid debt in Canada and want to hire a professional multilingual debt collection agency with 30 years of experience, a network of over 150 countries, and excellent client service, feel free to contact our international debt collection agency CIS Debt Recovery Solutions
AT A GLANCE
Serving Clients in CANADA 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 CANADA

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
NORTH AND SOUTH AMERICA:


TEL: +1-323-410-1269
EMAIL: support@cisdrs.com

1901 AVENUE OF THE STARS,
2nd FLOOR, LOS ANGELES, CA 90067,
UNITED STATES OF AMERICA
We work Monday to Friday, 9 AM - 6 PM (GMT-7)
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