Debt Recovery: Instructions

Although it is an activity that has now spread throughout a number of concerns still exist for example: what is the difference between debt and out of court

? Well the difference is very simple indeed for debt extrajudicial means all those practices designed to stabilize the debtor, however, refers precisely to all those practices that take place without calling into legally question, but only through prompt and encourage them to settle its debt. For debt recovery proceedings are rather the very practical steps to settle outstanding debts involving the activation of the bureaucratic procedures prescribed by the law existing in the country with the subsequent seizure of property of the debtor till the satisfaction of the debt.

Phase out of court, usually the most common, lasts about 40 days and consists of a payment reminder epistolary a telephone reminder, a reminder by the official agency to which one supports, the second reminder letter, the formal legal and if the debtor had not yet paid the drafting of a report of action and then move on to the stage proceedings .

The phase out of court follows roughly the same stages in Italy and other European countries because of the practices now universally popular in the field of debt collection.

What are the timelines for the practice of debt? The best agencies usually manage to turn the practice over a period of thirty days, then obviously the time will vary based on factors that contribute the most frequent of which is the unavailability of the debtor in question, something that can really stretch much time. But the idea to settle the debt in installments is one of the factors that affect timing, however, giving a much more precise timing and not vague as in the first case.

Also not everyone knows that the cost of debt can be charged to the debtor through the activation of Article 6 of Legislative Decree No. 231 of October 9, 2002.

First of all, but we must ensure that the debtor and therefore the debt is recoverable because now all the agencies before acting hastily draw up a fairly detailed reports on the borrower to be able to understand first the timing necessary for the conduct of this committee and especially if this procedure has the possibility to succeed in the phase out of court or not.

And 'This is a procedure that is becoming popular as a preventative measure to prevent having to go after the debt from their customers. There are indeed debt collection agency providing services to companies reporting on potential customers in order to avoid the unpleasant procedure recovery of unpaid debts.

Usually the cost of activation of debt collection practices are available, it is certain that the final cost of the entire procedure is very variable because, as already noted there are many variables that contribute to the entire proceedings. The ideal is to rely on good reporting agencies that can provide reliable and accurate data on what is the company of our client and his past.

by: Martinapp

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