Corporate | Debt-collection

Debt Collection

Getting paid as agreed – most often it works smoothly. But what to do if no payment follows the invoice for the delivered goods and services? When payment reminders are repeatedly ignored?

Most individuals and businesses do pay their outstanding bills eventually. Perhaps past the due date, but they pay. And still, there are the ones who don’t. In these cases it is essential to act fast and expeditiously. Clients are most willing to pay within three months after delivery. Waiting for payment six months or longer is unwise, as the service or product you have delivered as agreed will probably be long forgotten or used up.

Cost structure

In the case of overdue payments GMW Advocaten can act on your behalf in a swift and targeted manner. Before starting any legal action all costs involved with the collection procedure will be discussed with you. Eventually, this will save you time and money since a lawyer has far more legal means available to enforce payment than a bailiff or a collection agency. We will quickly start legal proceedings, perhaps even interlocutory proceedings, if payment reminders go unanswered. Repayment schedules are possible. Experience shows that starting legal proceedings is effective in most cases. However, prevention is better than any cure, especially if the outstanding amount is big enough to jeopardize the financial stability of your business.

Information

Please contact René Willemsen for more information.