Legal Advice Debt Collection | Debt Collection in Germany |
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Poor payment records by customers can quickly become a problem even for busy companies. Insolvency statistics show that tardiness of customers is often the cause of a companies’ failure to pay. Only effective account management helps fix this misconduct. The lawyers at the chambers of GRP Rainer in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart help companies with debt collection and receivables. Debt collection: to avoid bad debt in your company, our lawyers will develop the appropriate management of debt collection. We monitor open accounts for your company and ensure quick payment. For collection we will offer all possible options. Whether payment demands, collection procedures or adversary proceedings – the lawyers at the GRP chambers act on debts consistently. Before we take action we check the success prospects for each individual case and recommend the best strategy for each one. Consultation: payment collection begins with invoicing. Therefore at the GRP chambers, invoice forms are the first items to be checked. For example: without a binding payment objective, your client will not be in arrears in spite of failure to pay. This costs time in debt collection. Therefore, the first goal of our legal counsel is to get your company’s invoices optimally formatted for debt collection. Credit rating: trust is good, checking is better. This especially applies to customers before the first delivery. The GRP Rainer chambers in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart support your company in checking a customers’ credit. Our lawyers can also advise you on strategies for protection against the risk of payment default. Warnings: give your customers a payment date with the invoice. Those who do not keep to the payment period are in default. We advise that you refer warnings and all additional steps to a lawyer. The advantage: it immediately makes it clear to all customers in default that you are serious. In many cases, the first warning with our chambers’ letterhead will make customers in default see reason. Those who still don’t understand the seriousness of the situation must deal with the next level of escalation: a court order. Court orders: the legal enforcement proceedings serve to simplify the implementation of claims. The GRP chambers in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart takes care of all of the necessary steps for your company. This includes our lawyers applying for a court order at the claims court. Now the debtor has two options to obey: either they pay or they file a counterclaim. If he or she instead remains silent, your lawyer will apply for an enforcement order. For this we of course keep deadlines in mind. At the same time, the lawyers at GRP will seek out seizable assets and accounts of the debtor. Debt enforcement: debtors can file an appeal against the enforcement order within two weeks. After this period of time the enforcement order is legally binding. Specifically, this means that the lawyers at the GRP chambers initiate the enforcement of debt against the debtors with their application. Dispute proceedings: the legal enforcement proceedings do not always lead to the goal of no opposition. If the debtor opposes the court order the enforcement proceedings are terminated. You must now consider whether you want it to escalate to the next step. Our lawyers will reliably advise you on the best strategies and the prospect of their success. The GRP chambers in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart will also fight for your claims in the courtroom. Expenses: debt collection costs money. In addition to loss of interest, costs will incur for debt collection process itself. These include for example, in addition to warnings, fees for the court order. Outsourcing to chambers such as GRP Rainer in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart has its advantages. As your lawyers, we will invoice the costs for debt collection to your customer who was in default. We advise on Debt Collection in Germany.
The enforcement order procedure can serve to simplify the enforcement of claims
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