Debt collection, court proceedings
Debt sooner or later inevitably appears in the life of every business. Often, such a "phenomenon" is encountered by a person in his everyday life. In addition to the fact that debt negatively affects the financial position of the creditor, debt can destroy relations between relatives, acquaintances and partners
The best recommendation to avoid debt and, as a result, damage to relations is not to avoid borrowing funds, but to correctly and properly formalize contractual relations (contract, receipt). Although sometimes even these preventive measures do not work and the resolution of disputes in court can not be avoided ...
How to act when the time of settlement with you has come, and the debtor does not return the money to you?
Of course, it is necessary to settle the issue peacefully. Sometimes this method helps to save your time, money, and, most importantly, your relationship with your partner.
The above scheme is ideal, but it is rare.
Debt collection by peaceful means can take place in several stages: through negotiations, multiple sending of letters and receiving responses to them, bilateral approval of the debt repayment scheme and, as a result, the creditor receives the debt from the debtor.
If the dispute could not be settled peacefully, there is a need to apply to the court with a claim for debt collection.
Please note that receiving a positive court decision and enforcement document is not a guarantee that the debtor will immediately return the money to you. Repayment of debt primarily depends on the financial situation of the debtor. In case of insufficient funds of the debtor, the procedure of compulsory debt collection may be delayed for some time, although in most cases its result is successful.
Despite the fact that the receipt of funds from the debtor depends as much as possible on its financial condition, we strongly advise you not to delay contacting lawyers for qualified assistance until the debtor independently creates a "lack of funds".
Despite the existence of several options for solving the problem of the debtor's debt to you, the priority way, of course, is a peaceful pre-trial settlement of the dispute. Therefore, we will make every effort to save you money, nerves, time and relationships with your lender.
Debt collection lawyer
