Recovery of Unpaid Invoices
Many corporate clients comes to our office with the legal inquiry to support for Recovery of Unpaid Invoices.
Recovering unpaid invoices can be a frustrating and time-consuming affair for any business, especially when dealing with international clients.
At our firm, we recognize the critical importance of swiftly and effectively pursuing outstanding debts to maintain your cash flow and business stability.
We have tailored our Debt Recovery Service specifically to meet the needs of our commercial clients in Bulgaria, ensuring a vigorous yet cost-effective approach to debt collection.
Why choose our debt Recovery of Unpaid Invoices service ?
Our Debt Recovery Service is not an automated system;
it’s a comprehensive solution operated by a specialist team of solicitors with extensive experience in Bulgarian law.
We understand the unique challenges businesses face in debt recovery.
- Expertise: Our team comprises highly skilled solicitors who are well-versed in Bulgarian debt recovery laws and practices.
- Efficiency: We aim to recover debts of any size quickly, minimizing the impact on your business operations.
- Cost-Effective: We provide transparent and competitive pricing to ensure that the cost of recovery does not outweigh the benefits.
Our proven debt recovery process
The legal debt recovery process is streamlined to maximize results while minimizing the time and effort required from your side.
1. Initial Step – Suprizing the debtor with freezing his assets
The process begins with the claim in the court.
The urgency and seriousness conveyed in the letter often prompt a quick response from the debtor, leading to the resolution of the debt without the need for further action.
2. The issue of legal proceedings
If the debtor fails to respond to the ‘letter before action’, we proceed by issuing a County Court claim form.
This formal legal action includes claims for the original debt, court fees, costs, and interest.
The initiation of legal proceedings often serves as a significant motivator for debtors to settle their accounts promptly.
3. Interest debt collection
We understand the importance of recovering not just the principal amount but also any interest that is due. Interest can be claimed in several ways:
- Statutory Interest: Currently 10% from the due date of the invoice until Judgment.
- Contractual Interest: As stipulated in your terms and conditions.
Tailored Solutions for Bulgarian Debt Recovery
We pride ourselves on providing more than just a computerised system.
Our debt recovery service is personalized to meet your specific needs, and we are committed to providing the highest level of client service.
Whether you are dealing with a single large debt or multiple smaller ones, we support you in Bulgaria.
We have the tools and expertise to ensure you recover what is owed to you, with minimum hassle and expense.
How Can We Help You?
If you are facing challenges with unpaid invoices, don’t let them drag on.
Contact us today to discuss how we can assist you in recovering your debts in Bulgaria.
Our team is ready to act swiftly and decisively to protect your interests and improve your cash flow.
Get in Touch Today
Fill out our online form, and we’ll get back to you as soon as possible. Alternatively, speak directly to one of our debt recovery experts by calling
