Collecting your debts in Germany
Statistics of insolvency reveal that default customers are often a factor behind company insolvency.
GRP Rainer Lawyers Tax Advisors, Cologne, Berlin, Bonn, Dusseldorf, Hamburg, Munich, Stuttgart, Frankfurt www.grprainer.com inform: To specify the terms of payment on the customer invoice is very important. Anyone who does not observe the time limit for payment will be in default.
You should consider advising outsourcing the reminder and all further steps to a lawyer. In most cases, the first reminder on headed paper from a law firm will bring defaulting customers to their senses. One advantage is that you can make it immediately clear to defaulting customers that it is a serious matter.
The effective way of debt collection already starts with the invoice. If there is no binding period specified for payment for example, your customer does not enter into default in the event of non-payment. This is a waste of time in terms of debt collection. The first objective of legal advice is therefore to have a law firm prepare your company invoices so that they meet the debt collection requirements. For this reason, an experienced lawyer should carefully check the invoice forms.
A simplified method to enforce outstanding debts is the court payment order. A law firm takes care of all the necessary steps for your company. This includes a lawyer using the order for payment to apply for a default summons. At the same time, the lawyer will identify the debtor's attachable net assets and accounts. The debtor then has two options: either he pays or lodges an objection. If, however, he does not respond, your lawyer can apply for an enforcement order. He will naturally keep an eye on deadlines.
What this actually means is that a lawyer can initiate an enforcement claim against the debtor on your behalf. Legal proceedings: the litigation collection proceedings do not always achieve their effect without the debtor making an objection to the order for payment. If this happens, the order for payment proceedings is terminated. Now you need to decide whether you wish to proceed to the next step. Debtors have two weeks to appeal against an enforcement order. After this period, the enforcement order becomes valid. A lawyer can provide reliable advice on the best case strategy and your chances of success.
Tag Words: attorney
Press Release Contact