Default, liquidation or lack of assets on the part of the debtor may result in the complete obstruction of satisfying the creditor.
It is therefore appropriate to take preventive and ongoing measures to avoid the accrual of irrecoverable receivables. Timely and effective recovery is often precipitated by filing a respective lawsuit.
Within the recovery and management of receivables, we focus particularly on the following areas:
- communication with the debtor
- requests to pay off the debt
- securing of receivables
- assignment of receivables
- settlement agreements
- preparation of lawsuits and petitions to issue payment orders
- representationin court or arbitration proceedings
- preparation of petitions for distrainment
- representationin distrainment proceedings