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Non-performing loans, and bad debts are big issues for many organizations, businesses, and individuals. In the long term, these debts will greatly affect business activities as well as financial management and allocation of organizations and individuals, or even result in enterprises’ bankruptcy.

When the parties cannot reconcile and make arrangements to reach an optimal plan to collect the debt, creditors will need to seek the support of law firms to reclaim justice for them and get the wanted result from the loan. PL & Partners Law Firm is one of the reputable, professional, and experienced units providing debt recovery services that you can turn to when you need to resolve bad debts.

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TYPES OF DEBT CAN BE SETTLED

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Debts arising from borrowing, or leasing assets

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Debt arising from breach of contract

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Debt arising from non-contractual liability

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Other types of debts

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WHAT IS DEBT RECOVERY SERVICE?

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Debt recovery is the act of requiring the debtor to pay the creditor the expired or overdue amounts of money or assets that the debtor must pay to the creditor according to the agreement and contract.

Debt recovery service is where a lawyer relies on the client’s contract and agreement and applies his/her legal and professional knowledge to help the client recover debts in accordance with the agreement and regulations of the law.

Using this service helps organizations and individuals recover overdue debts and bad debts quickly, limit risks and difficulties in collection, and ensure legal compliance during the performance.

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Legally assured

Work is handled by a team of professional and experienced lawyers and professionals performing their tasks in compliance with the law.

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Prestigious and professional services

PL & Partners always want to bring the highest satisfaction to clients.

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Reasonable and effective charges

Charges are designed to be flexible, depending on the nature of each case.

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DEBT RECOVERY PROCEDURE AT PL & PARTNERS

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Receive and process documents

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Verify the legality of dossier, check and compare all the vouchers provided by clients thereby determining the possibility of recovery. Initially assess the debtor’s solvency and verify their existence at present time.

Comment on the statute of limitations for filing a lawsuit and other related factors.

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Plan for recovery strategy

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Based on the available documents and evidence combined with information PL & Partners has collected, we will advise clients on the most effective debt recovery plan.

PL & Partners’s lawyers will harmonize the desired benefits of clients with the provisions of the law to get the best performance.

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Perform professional skills

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Depends on the strengths and weaknesses of each dossier, PL & Partners will perform the suitable professional skills to recover most of the debt from representing clients to negotiate, bargain with the debtor during pre-litigation period, drafting relevant documents, to initiating a lawsuit and participating in court proceedings.

PL & Partners’ lawyers will use their legal knowledge, experience, relationships, and ingenuity to direct the case in the most beneficial direction for the client in compliance with the law.

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Close out and settle the contract

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After successful debt recovery, we will hand over all of the document, paper, evidence to clients. In addition, PL & Partners’ lawyers will also advise clients on bad debt prevention and risk prevention measures to avoid incurring other bad debts in the future.

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WHY SHOULD CLIENT

CHOOSE PL & PARTNERS?

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With more than 10 years of operation in the field of debt recovery, PL & Partners has been successfully handling cases for clients. PL & Partners is proud that clients come to us because of our prestige, responsibility, confidentiality, profession, experience, and dedication, especially the appropriate cost.

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PROMINENT STRENGTHS

• Knowledgeable and experienced team.
• Handling work quickly and effectively.
• Complete confidentiality.
• Harmonization of legal regulations and desired interests of clients.
• Advising and dealing with all legal problems by lawyers.
• Prior alert to risks.

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LEGAL NEWS SUBSCRIPTION

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Click subscribe button to receive our weekly legal news

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