Do you have an Albanian client not paying your company?
In Albania, the trade system and laws vary from those you're used to. Also, this complicates debt collection in Albania.
Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to collect the funds from the moment you turn your debt recovery matter over to us.
As a debt recovery law firm, we have knowledge and expertise available to assist you in recovering your corporate debt in Albania.
1. SUGGESTIONS IF THE ALBANIAN CUSTOMER IS NOT PAYING
1.1. Call the debtor to inquire if your invoice has not yet been paid; send a note immediately; provide a clear description of the invoice in your reminder; and mention a payment period of a certain number of days in this reminder.
2. UNDERSTANDING OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1. Our international debt restructuring experts have experience and knowledge of Albanian laws and regulations. Therefore they are fully aware of Albania's trade traditions and culture. Which makes it easier for your Albanian debtor to get to pay quickly.
3. YOU ARE IN ADVANTAGE WITH A DEBT RECOVERY LAWYER
3.1. Debt recovery attorneys have more control than a debt recovery service or a bailiff to put pressure on your Albanian debtor. We can also support you during both the extrajudicial period and the judicial phase. That saves you both time and money.
4. CUSTOMISED DEBT RESTRUCTURING
4.1. Our business debt recovery strategy is tailored 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 put your needs first; we are endeavouring 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 justice.
6. THE DEBT COLLECTION PROCESS IN ALBANIA
6.1. You should split the debt collection process in Albania into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court. We do include the Court during the legal process in order to make your Albanian debtor pay. Because we are a law firm, we are able to assist you in both processes. Many debt recovery problems in Albania are settled during the extrajudicial process, with no interference by the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1. In theory we often continue with the extrajudicial step of the debt collection method. We are trying to prevent Court interference at this point, as this can be costly. We'll call your debtor in Albania to seek payment.
7.2. In specific cases, we'll also engage with your Albanian 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. In Albania, reporting legal proceedings also persuades the customer to pay.
In the case of an uncontested dispute involving two parties located in EU Member States (except Denmark),
European Order for Payment proceedings may be launched.
The counsel who handles your cases will decide if this form of action is appropriate in your case.
The creditor typically fills out a specific form for European Order for Payment procedures and sends this to the Court.
Then the Court issues a European Transaction Order.
The debtor will then have 30 days to decide if they disagree to the request. If no reaction is received within the 30-day period, you can request the Court to finalize the payment injunction (called a "declaration of enforceability").
This decision is true and enforceable and is recognized in any Member State (except Denmark). The European Payment Order is never acceptable for contested matters (so not in situations where there is a disagreement over the invoice).
The benefit of this process is simplicity and low cost (some Member States don't even demand a filing fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wishes to continue, an ordinary civil procedure will need to be launched
Debt Recovery in Albania. 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 are endeavoring to provide 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.
What To Do When Your Albania Customer is Not Paying
- 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 Albania debtor may try to gain additional time. Persevere, be direct and don't wait too long. - In Albania, a payment period of three to seven days is normal
Our Albanian debt collection experts have comprehensive experience and perspective of Albania laws and policies. Therefore they are perfectly aware ofAlbania's trading values and traditions. Which makes it easier for your Albanian debtor to quickly make payments.
Debt Collection Law Albania
Contact Us and Get our comprehensive article about how to collect a debt in Albania, using the amicable and legal options. This is best debt collection guide on Albania your will ever find.
Get paid Faster: Debt Recovery Albania
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Collect A Debt in Albania 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 Albania
We have prepared for you a comprehensive article about how the debt collection process works in Albania. See the country report on our Blog:
