Need a money-back guarantee? Start a legal debt recovery and obtain a seizure of the debtor's assets
If your debtor is unable to pay an invoice, this usually means that they have several creditors seeking debt recovery or, even worse, they are going bankrupt. For this reason, you might have very little time on your hands!
- The earlier you seek legal debt recovery and ensure seizure of the debtor’s assets, the easier it is for you to recover the money you are owed. A seizure of assets (blocking the debtor from selling or transferring assets) prevents the debtor from using these assets until they pay the money they owe you.
- Contrary to popular belief, there is no requirement that says debt recovery must first be addressed on an out-of-court basis or through a debt collection agency before a claim is submitted to the court, a dispute committee or an enforcement agency, i. e., the bailiff’s office, and in cases where a money claim is disputed, there is no point whatsoever in seeking debt recovery with the assistance of a debt collection agency because the case must first be submitted to a dispute committee or a court of first instance either way.