However in Romania we are faced

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with many debtors delaying or refusing to repay their debts. This is a common practice that creates problems for businessmen, banks, state institutions, and the entire national economy. When you end up in an undesirable situation where the client refuses to repay the debt, we are already talking about "debt recovery". Before taking legal action to recover your funds, try to resolve the issue amicably. You can usually get your money back by calling or emailing a representative from the partner company. Depending on the situation, you can accept an installment amount, renegotiate payment terms, or offset the debt with products or services.

This is the easiest way to recover a debt, and if there is good faith on both sides, you can maintain a long-term relationship with that partner - if, of course, the reason for the late payment is objective and acceptable to you. If you fail to reach an agreement with your debtor partner, you Hong Kong Phone Number Data may pursue legal recourse. Ways you can pursue your claim through legal means: Normal proceedings This is the usual approach to court, where one person asks the court to force another person to respect a right that has been infringed. This is a long-term form of debt recovery that should theoretically be completed within 6-12 months, but in practice, in more complex disputes, the process can take several years.

        

Special Procedures There are two special procedures that can be applied at a much lower cost and resolved faster by the courts than ordinary litigation: The payment order process is only available if you have a definite, current, enforceable debt and you have You should only apply this procedure when a substantial amount of money needs to be recovered (as opposed to a service or product). Another condition for being able to benefit from this procedure is to have a written contract to make a claim. The process involves two stages: 1. The creditor issues a payment notice, called a summons, to the debtor, informing the debtor to pay within 15 days.