Have you had a Czech customer that doesn't support the invoice? In the Czech Republic the trade system and laws vary from those you're used to, which often complicates debt collection in the Czech Republic.
Our debt recovery attorneys have the means to make restitution to your creditors.
We will do our best to raise the funds from the moment you turn the debt relief matter over to us.
We, a debt recovery firm, have knowledge and practice at our fingertips to help you with your accumulation of corporate debts in the Czech Republic.
1. SUGGESTIONS IF THE CZECH CUSTOMER IS NOT PAYING
1.1 Call the debtor to inquire if your invoice has not yet been paid; provide a notification immediately; provide a clear description of the invoice in your reminder; even mention a payment period of a certain number of days in this reminder.
2. UNDERSTANDING OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our Czech debt recovery attorneys in the Czech Republic have considerable experience and knowledge of the rules and regulations. Furthermore, they are fully conscious of business traditions and culture, which makes it easier for your Czech debtor to quickly make payments.
3. DEBT RECOVERY IN CZECH LANGUAGE
3.1 Our attorneys know both the language and Czech, so they can easily overcome the language barriers.
4. CUSTOMISED DEBT RESTRUCTURING
4.1 Our company debt recovery strategy is customized to every single case, and we provide tailored advice to you.
5. STRAIGHTFORWARD GUIDANCE
5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to place your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and fairness.
6. THE DEBT COLLECTION PHASE IN THE CZECH REPUBLIC
6.1 The debt collection phase may be split into two phases in the Czech Republic. Selection takes place during the extrajudicial process, without the involvement of the Court. They do include the Court during the legal process in order to make the Czech debtor compensate. Because we are a law firm, we are able to assist you in both processes. Some cases are decided in the Czech Republic during the extrajudicial process, without the involvement of the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1 In theory we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be expensive. We must contact your debtor in Czech to seek payment.
7.2 For specific cases, we'll also engage with your Czech debtor in a face-to-face chat. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. The declaration of legal proceedings also persuades the customer to compensate.
In the case of an uncontested dispute between two parties located in EU Member States (except Denmark).
European Order for Payment proceedings may be initiated.
In your situation, the prosecutor who manages your case will decide whether this kind of action is acceptable.
The claimant typically filled out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Community Transaction Notice. The debtor then has 30 days to decide whether they object to the charge.
If no response is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except Denmark).
The EU Payment Order is never useful for contested issues (so not in situations where there is a disagreement over the invoice).
The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.
Debt Recovery in Czech Republic. Fast.
Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you. We will always give our objective advice on the likelihood of your debt recovery being successful. It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.
- Contact your customer and demand why no payment has been and when exactly it will be. Always request the payment copy sent to you. - Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment. - Be conscious that with ambiguous payment terms or arguments, your Czech debtor may try to gain additional time. Persevere, be direct and never postpone. - In the Czech Republic, a payment period of three to seven days is normal
Our Czech debt collection experts have comprehensive experience and perspective of the Czech Republic laws and policies. Therefore they are perfectly aware of the Czech Rep. trading values and traditions. Which makes it easier for your Czech debtor to quickly make payments.
Debt Collection Law in the Czech Republic
Contact Us and Get our comprehensive article about how to collect a debt in Czech Rep, using the amicable and legal options. This is best debt collection guide on Czech Rep your will ever find.
Get paid Faster: Debt Recovery Czech Republic
Because we can start collecting today. Our technology enables us to give you best in class collection services so we can locate the individual debtor quickly, and get you paid today.
Collect A Debt in Czech Republic using our local Network
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
Debt Collection Process in Czech Republic
We have prepared for you a comprehensive article about how the debt collection process works in Czech Republic. See the country report on our Blog:
