DEBT COLLECTION
Debt collection is an essential component of business management, and our professionals are ready to assist you throughout the process, offering friendly and legal solutions.
Collection Services
Friendly Dialogue: We implement effective tools to ensure a successful friendly debt resolution dialogue. If the friendly process fails to achieve the recovery goal, our office will offer to take legal action against your city.
Legal proceedings: In case of unsuccessful friendly attempts, we propose to initiate legal proceedings against the debtor.
Collection Steps
Communication: We organize meetings between lenders and debtors to establish effective communication.
Professional negotiations: Our debt collection specialists negotiate professional solutions to recover unpaid amounts.
Strategic advice: Depending on the amount of the debt and the circumstances, we advise you on the most appropriate and profitable procedure.
Debt collection procedures
• Follow-up of financial and legal claims within and outside the UAE that the client must pay all debts
• Collect, settle or schedule all types of debts by return cheques or by contracts or purchase orders confirming this debt.
Collection of corporate debts with individuals
Large companies that provide services and products with credit facilities face cash flow problems due to late payment of contributions by some consumers. These companies seek to raise their funds at a minimum cost and without exposing their reputation to the market. Here we begin our effective role in developing integrated solutions for the recovery of these debts by a selection of experts specializing in debt recovery in a friendly manner and trained to deal with such issues.
Inter-company recovery
Our office is active and experienced in debt collection for most companies that provide credit facilities to other companies in order to compete and increase their market share. These companies do not pay the corporate donors. Our office collects these amounts and returns them to the corporate donors as soon as possible.
Tracking and prosecution of fugitives
Al Itezan advocates & Legal Consultants has a team trained in the latest research mechanisms to track and pursue debtors inside and outside the country through our international branches and partners, we organize effective participation of Interpol, if necessary, and persuade them to pay amicably or to use legal methods.
• Initiate legal action under corroborating documents to verify the authenticity of creditors through police stations, the public prosecutor’s office and state courts.
• Draft all types of commercial and civil contracts for businesses, institutions and individuals.
• We advise you on strategies adapted to your specific situation.
If you are facing debt recovery difficulties, contact us for confidential and professional advice.