Debt recovery procedures at pl&partners law firm

For an effective debt recovery, having a proper process is essential. A reasonable, clear process helps identify the tasks that need to be done and helps improve work efficiency, thereby helping the work to be done faster, increasing the debt recovery rate, etc.

With more than 10 years of experience in the field of legal support in general and debt recovery in particular, PL&Partners law firm has successfully handled hundreds of cases, accumulated a lot of experience to establish effective debt recovery processes.

Of course, depending on the case, and the clients, we will have our own adjustments. However, we can summarize in a standard procedure as follows:

1. STEP 1: RECEIVE DEBT RECOVERY REQUEST.

Individuals, organizations and businesses in need of assistance in debt recovery from lawyers, please contact us at:

PL & PARTNERS LAW FIRM

OfficeLot 1.16 Viva Riverside, 1472 Vo Van Kiet, Ward 3, District 6, HCMC

Mobile: 093.1111.060

Email: info@pl-partners.vn

Website: www.PL-PARTNERS.vn

We will receive information, give feedback on and guide clients to prepare necessary documents and papers.

2. STEP 2: RECEIVE AND ANALYZE

In this step, the client will provide PL&Partners with all documents related to the debt: For businesses, they can be contracts, invoices, delivery notes, delivery receipt, acceptance minutes, acknowledgement of debt, etc. For individuals, they can be loan documents, purchase and sale documents, acknowledgement of debt, promissory notes, etc.

Note: Clients only need to provide the copy of the debt records, the originals are still kept by the client.

After having all the documents, PL&Partners law firm will analyze and verify the legality and basis for debt recovery of each case. If the dossier is incomplete, we will guide the client to collect papers, documents, and evidence to create more advantages, thereby suggesting a solution. Entrusted by the client, we will sign a debt recovery service contract and receive the client’s authorization to carry out the work.

3. STEP 3: PROVIDE DEBT RECOVERY STRATEGY AND PLAN.

Depending on the nature of the case and the object of debt recovery, PL&Partners law firm will devise a debt recovery strategy. After that, a detailed plan will be drawn up to carry out the work.

At PL&Partners, we perform debt recovery based on the fastest, most efficient and least expensive recovery criteria, thereby helping clients quickly and legally recover bad debts. We ensure the interests of clients without having to apply other risky measures.

Lawyers of PL&Partners will carefully consider the legal needs, reputation, financial status, advantages and commerciality of the client from time to time before offering a debt recovery strategy to achieve the highest success rate, and the lowest level of risk.

4. STEP 4: APPROACH THE DEBTOR TO NEGOTIATE THE REPAYMENT AND PUT  HIGH-PRESSURE ON THEM.

PL&Partners will contact the debtor in different ways. During this time, if the debtor is willing to cooperate to repay the debt, we will conduct negotiations to find the agreement between the parties. When needed, we will suggest debt rescheduling, charging-off or other methods to help clients recover debt most effectively.

On the contrary, during our approach, if the debtor shows an unwillingness to repay the debt, we will put high-pressure in all aspects on them to claim the legitimate interests of the client.

In fact, most debts are recovered at this stage.

5. STEP 5: FILE A LAWSUIT.

In case the debtor intentionally fails to fulfill the payment obligation, PL&Partners law firm will bring a lawsuit to the competent people’s court. We will prepare documents, draft applications, file a lawsuit and appoint lawyers and representatives to represent clients to work with competent authorities and participate in proceedings at people’s courts at all levels.

After the lawsuit has been heard and its ruling or judgment has taken effect, if the debtor voluntarily pays the debt, PL&Partners law firm will continue to collect the debt for the client. If the debtor still fails to repay the debt, we will work on behalf of the client with the enforcement agency.


PL&Partners law firm has shared the debt recovery process at our company with valued clients. As mentioned above, this is just the most general and basic process. When a client has a need to collect debt, we will have more specific discussions with individual adjustments for each client, thereby entering into an official debt recovery service contract with full rights and obligations of both parties.

Should you need to collect debt, please do not hesitate to contact our hotline at 093.1111.060 for support.

Don’t forget to update other legal information from PL&Partners.

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