Companies from worldwide at least once required the assistance of the debt recovery company or specialist. We receive cases from companies located in the United States or in other countries with a request for help with recovering of money for the provided services, delivery of goods, etc.
Outsourcing a debt collection means to receive services from recovery agencies aiming to recover receivables. This means that creditors delegate negotiations to professionals without being distracted by other issues and continue to focus on the core business activity.
You may conclude the following benefits while outsourcing collection efforts to recovery agencies: reduced costs (the expenses of correspondence, telephone calls, personal meetings with debtors); minimization of responsibility for debt recovery efforts (creditors reduce possible risks because of the opportunity to completely distance themselves from the process of debt repayment); success fee model (you pay only for the result, not hourly fees); experience in collection for many industries brings unique expertise in debt recovery etc.
First of all, the motivation for outsourcing collection efforts to special law firms is that companies like CIS DRS help to collect, restructure and reover debts, to provide a huge range of legal services if necessary within the project. Moreover, the key principle of our company is excellent client service. Creditors receive unique experience in client management being informed about any action our lawyers do worldwide to recover receivables.
AT A GLANCE
Serving Clients in the US for more than two decades
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
portfolio analysis
control of payment terms
timely reminders
soft communication with clients
advisory regarding billing cycles
reminders via emails
receivables control
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
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
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
filing creditors claims
representing clients in creditors committee meetings
bankruptcy process monitoring
liquidators communication
regular reporting to client
assets recovery
PRESENCE
US Head Office is located in Los Angeles
New York
Los Angeles
San Francisco
Miami
Chicago
Seattle
OUTSOURCE DEBT COLLECTION IN USA
No Recovery-No Fee.
3.1
3
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
2
Verifying Debtor's Address
Checking Debtors' Status in Database
Brief Report to Client
Case Strategy Design
CLAIM PROCESSING
1
Confirmation Receipt
Claims Automation System
Case Processing Starts Immediately
NEW CLAIM
Get Proposal
Forward for Client's Approval
Collect Payment to Client
CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
Send In-house Demand Notice
Whether Disputes (if yes)
Get Proposal from Debtor
Forward for Client's Approval
Collect Payment to Client (if approved)
Suggest Court Case If Worth (if no)
CLOSE
Whether Responds Negatively (if no)
3.3
Convince for Amicable Settlement
Get Proposal
Forward for Client's Approval
Collect Payment to Client (if approved)
CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
Current Status of Each Case
Collection Efforts Our Lawyers Have Already Done
What Should Be Done Further
Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT? WE CAN HELP YOU!
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ADDRESS:
1901 avenue of the stars, 2nd floor, Los Angeles, CA 90067, United States of America