Debt Collection Bulgaria
If you have a partner in Bulgaria with unpaid invoices, you need a legal support for debt collection Bulgaria.
Having a local lawyer who knows all the ins and out of Bulgarian debt collection procedures and laws can help you recover the payment you are entitled to.
Debt Collection in Bulgaria is a procedure of collecting due payments from debtors and defaulting payers. In this article, we will describe the process in detail.
We are here to help you to get paid and !
Whether a domestic or international debtor, we are able to resolve outstanding debt issues in the local language and in keeping with local laws and practices. Simply the act of outsourcing the debt recovery process to us enables you to focus on your core business.
Support from a debt collection lawyer
A debt collection solicitor has several important features, which present his authorised actions, regulated and granted by law:
A debt recovery solicitor can send juridical letters to the debtor. Such documents can consist of letter before action, letter of demand, etc.
These letters have to be in compliance with different laws according to the country.
Debt collection lawyers can personally visit the debtor in his premises and offer a convenient payment plan to settle the debt.
A debt collection lawyer has the right to forcefully seize part of debtor’s property to clear the debt,
The debt recovery solicitors rarely do so, as negotiation is usually a successful enough debt collection method.
The debt collection attorney can resort to small claims court; advise a wage garnishment from a local court, or even submit bankruptcy proceedings.
Enforcement of wage garnishment with the help of court and law orders are typical events when the debtor rejects the previous reminders, official letters and legal actions.
The administrative wage garnishment represents court’s permission and authorisation of an agency (a debt recovery agency or the original creditor) to obtain a restraint for withholding a certain percentage from the subject of debt’s monthly wage.
This amount varies in countries, but can also depend on the occupation of living and the amount earned per month.
How we can help you with collecting debt in Bulgaria.
The collection/collection of charges/ represents the right of one person, called a creditor, to demand from another person, called a debtor, a certain amount of money, which is required by a contract concluded between them (commercial, bond, etc.).
If the debtor does not pay the claimed monetary claim, the creditor has the only option to collect claims by starting various types of legal proceedings, through which to satisfy his claim against his unscrupulous debtor. In terms of debt recovery in Bulgaria,
Our law office D.Vladimirov & Partners offers various solutions with the aim of maximum client satisfaction. We offer cost-efficient pre-legal debt collection – before involving the court and legal debt collection – starting a lawsuit.
You can represent yourself in a debt collection case, or you can hire a lawyer to represent you.
If you represent yourself, you must follow the same rules lawyers do. Not knowing the rules is not an excuse for not following them.
We provide professional legal services in commercial law and litigation procedures.
We will be happy to represent you and your company, if you require legal actions to be taken regarding outstanding debts.
Debt collection lawyers in a private sector are convincing debtors to pay their debts voluntarily by withholding certain benefits, should they be delayed in repaying their debts.
Our clients work in many different fields and operate on the different countries’ markets.
We, as debt collection lawyers in Bulgaria will advise you how to get your money back. If your debtor refuses to pay we can go to court in consultation with you.
We will conduct a feasibility study to determine whether legal proceedings are beneficial.
We will always inform you on the possible costs and will only start legal proceedings after receiving your consent.
The whole procedures of debt collection in Bulgaria consists of simple steps at the start and might involve legal action, should it be required.
The debt collection lawyer in Bulgaria should require a complete access to all the necessary debtor-related documents.
Stage one of the debt collection procedure in Bulgaria is contacting the debtor
The creditor should clarify the details on the outstanding payment.
Should the debtor fail to make a voluntary payment, the next step is sending an official letter.
Debt Collection procedures
Then our lawyers will first determine the competent court and the applicable law.
Based on these factors, we will determine the most appropriate course of action while assuring you that the best debt collection specialist is assigned to your case.
How to Start a Debt Collection Procedure?
To proceed with debt recovery in Bulgaria, the right of the creditor must be recognized.
Recognition takes place through executive grounds.
These are documents comprehensively provided for in the law, which certifies the right to forced debt collection.
With native Bulgarian-speaking specialists, our lawyers can solve your debt collection cases in Bulgaria.
The regular deadline for response to this letter would be ten days.
If the debtor pay, the parties shall agree on a payment plan and calculate installments.
Should the debtor fail to respond to pre-legal payment, the legal action is the ultimate remaining option.
This process usually involves two phases: pre-litigation and litigation phase.
We, as a debt collections lawyer in Bulgaria support our clients and provide them with complete details for debt collection procedure in Bulgaria
Our Bulgarian debt collection lawyers will be happy to help you solve your payment conflict.
Unlike many debt collection agencies, we do not charge commission or a percentage of any debt we recover.
Everything we recover is yours. We have made our costs as transparent as possible so you are not faced with any unexpected charges or hidden extras.
Please feel free to contact us for more information+359 897 90 43 91, or send us an e-mail to firstname.lastname@example.org.