Methods of Debt Recovery – 3. Payment Order Fast debt recovery procedures can be useful when used correctly, in cases that allow for it. Used incorrectly, these procedures, instead of speeding up and minimizing costs, can lead to a loss of time and money. Specific criteria for various debts must be taken into account to...
Methods of Debt Recovery – 2. Low-Value Claim When extrajudicial efforts to voluntarily execute debts have been ineffective, a creditor can enforce their rights using both fast and efficient procedures, as well as standard procedures. The specific criteria for different debts are taken into account to identify the best and safest solution for their...
Debt Recovery Methods – 1. Payment Demand Debt recovery strategies need to be tailored based on specific criteria, such as the debtor’s profile, the debt amount, the debtor’s attitude, solvency, the nature of the debt, and so on. Therefore, both judicial methods (through the courts) and extrajudicial methods must be considered, taking into account the...
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