Debt collection lawyer Antwerp
Are you suffering from overdue payments? That’s where a lot of administration creeps in.
Moreover, they can weigh on your own bottom line.
Therefore, have your defaults followed up by a specialized collection lawyer! Our Antwerp law firm ensures efficient recovery.
The procedure of a debt collection lawyer
First, a debt collection attorney must receive the invoices and billing terms. Then the collection procedure consists of the elements below.
1. The collection lawyer starts an amicable collection process
The collection attorney sends the first demand letter to the debtors. Our office follows up on all responses. The returned reminders are processed and all responses are responded to.
2. The debt collection lawyer evaluates
If the amicable procedure is unsuccessful, the collection lawyer evaluates the case. The outcome of this evaluation is either a recommendation to close the file or a recommendation to subpoena. This advice is determined solely by an objective analysis of the chances of success of the recovery. This allows you to achieve the maximum result with a minimum of costs.
3. The collection lawyer sues
If, in light of the advice, you decide to proceed, the collection lawyer initiates the legal proceedings.
The collection lawyer prepares the summons and has it served by the bailiff, unless the situation on the ground offers little hope of recovery.
With the positive judgment, the legal execution is initiated.
4. Signification – Command
The first step of judicial execution is the service of the judgment, usually along with the Order to Pay.
From the time of service, the opposition or appeal period (one month) begins to run.
The “Order to Pay” also states that non-payment will result in garnishment.
All proposals for repayment are handled in consultation or compliance with your directives.
5. Movable Attachment, Third Party Attachment and Real Property Attachment.
The information regarding the debtor’s financial condition and the impressions of the on-site visit make it possible to decide whether it is useful to seize the movable property of the person concerned.
In addition, the debt collection lawyer can proceed with garnishment of your debtor’s debtors.
For large claims, the debtor’s immovable property can be seized.
6. Sale / Distribution
Sometimes there is no adequate response after an attachment. When the proceeds of the property can cover a substantial portion of the outstanding debt, the debt collection attorney proceeds with charging and selling. The proceeds are used to pay the debtor’s debts.
Cost of debt collection lawyer
A debt collection lawyer can have two types of fee arrangements:
A debt collection attorney may use a lump sum amount equal to ten percent of the invoice plus interest owed by the debtor and statutory court fees.
In addition, an hourly rate can be opted for. This is always done when the claim is substantively disputed.