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What is Debt Collection Consultancy?
In commercial life, receivables are subject to exchange notes (check notes, policies) or invoices arising from the sale of products and services. Due to the nature of relationships between individuals or legal entities, debts may sometimes not be collected in commercial life. The collection of these receivables may be the subject of litigation or enforcement proceedings. The collection of these receivables, which are subject to legal remedies, may be extended due to reasons arising from the debtor or aggravating the follow-up process. For this reason, the receivables that are subject to follow-up must be evaluated within the scope of the debt collection consultancy. So, what is debt collection? How does debt collection work?
What is Debt Collection?
Debt collection, unpaid receivable by the debtor, is a comprehensive concept that includes the processes and procedures of negotiation, mediation, litigation and enforced enforcement. The collection of receivables is possible by negotiation and reconciliation before resorting to legal remedies.
The collection of receivables that the debtor cannot collect in this way is only possible through legal means, enforcement offices, execution proceedings initiated by the creditor himself, or a lawyer assigned by proxy.
How Does Debt Collection Work?
A warning can be sent to the debtor by the creditor in debt collection, primarily to put the debtor in default. If the debtor does not make the payment within the period given after the warning, enforcement proceedings are initiated. Before applying for legal remedies for the collection of the receivable;
- In addition to the information given by the creditor about the debt and the debtor, research is made from open sources.
- If it is not possible to collect it from the debtor by negotiation, it is collected through enforcement proceedings.
- The debtor is notified via PTT or Registered Electronic Mail (KEP) if the enforcement proceedings are initiated.
- In case of objection to the enforcement proceedings, the objection made with the action for the annulment of the objection or the action for the removal of the objection is cancelled/removed, and the enforcement proceedings are finalized.
- If the debtor does not make payment upon the finalized enforcement proceedings, the process of foreclosure and sale of movable and immovable assets begins.
- If the debtor has collusive transfers, the cancellation of these transfers is requested.
What Are The Services Provided in The Scope of Consultancy For Receivable Collection?
Services provided within the scope of debt collection consultancy are as follows;
- Investigation of ways to collect the debt before the court or execution,
- Searching for means of reconciliation or resolving disputes between the creditor and the debtor,
- Pre-trial collection of receivables,
- Preparing the documents of the receivables in the execution proceedings,
- Following the procedures of receivables in execution proceedings,
- Collection of receivables through court,
- Providing legal support according to the demands of the creditor,
- Analyzing the receivable case and creating a road map,
- Taking initiatives to resolve disputes before, during and after the court,
- Performing the debt collection service within the framework of laws or regulations.
What Are MGC Legal Debt Collection Services?
MGC Legal provides services with a dynamic team in debt collection. It provides support to its clients with lawyers who are experts in their fields to collect their due receivables as soon as possible. All kinds of technological opportunities are used in these debt collection services.
A result-oriented process is operated in the debt collection attorney service, which is provided within the framework of commercial intelligence, economic borders and current legal decisions. Support is provided to creditors in line with their needs and expectations in processes such as developing a strategy for debt collection, mediation and claims, court and enforcement proceedings.