Credit Management
We provide debt collection in Germany, legal debt recovery, debt management and debt restructuring,
credit information services
and skip tracing services. We also organize courses for credit management and debt collection services and
our staff assists you during legal proceedings in Germany.
International debt collection
Our international debt collection service for Europe and Germany allows you to solve debt
problems and improve collection ratings. We do commercial and
consumer debt recovery
for customers. A key part of our strategy is litigation with the aim to resolve or settle disputes or issues
in a financially satisfactory manner for our client, and where possible and if it makes senses commercially,
to re-establish the relationship.
Assistance with legal debt recovery
Our team can also assist you in
legal proceedings
all over Germany, if feasible and once it is clear that we have run out of amicable options for debt
collection.
As every situation is different, and every debtor has its own particular legal forms, each time a file and
documentation analysis will be done together with our
German law firm,
and you will be provided with an estimated budget for legal proceedings, prior to any legal actions being
initiated.
Debt management
German law firms offer debt management and debt restructuring. They can negotiate on behalf of distressed
companies who deal with creditors from multiple countries, for example from Germany, Romania or Austria to
provide damage and
risk management,
to avoid escalation, and to find long lasting and sustainable solutions.
In this instance, the circumstances may require the creditor to initiate separate proceedings in each country
and to file the respective claims. By way of example,
insolvency proceedings
in Germany indeed cover the company's assets worldwide. However, it is not possible to start insolvency
proceedings in relation to the assets of the German subsidiary. This is because
German law
lacks the necessary international provisions. Therefore, proceedings initiated in Germany will solely be
subject to German law.
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