Do you have a client from Greece who doesn't pay your invoice?
In Greece, invoices often do not get billed within the payment period. Greece has experienced some tough economic times in the last couple of years.
Financial administration is likely to take up a lot of your Greek customer's time because of capital constraints at Greek banks. Because of the situation, the goal of your Greek trading partner is not to pay off your invoices.
Our Greek debt settlement attorneys have the means to make payments to your creditors.
We will do everything we can to raise the funds from the moment you turn your debt recovery matter over to us.
1.1 Contact your Greek customer to inquire why payment has not yet been received Sending letters regularly that threaten your business relationship Provide a thoroughly substantiated note with a detailed description of all invoices Specify a payment period of 7 – 15 days for the remainder.
1.2 Oral arrangements are common in Greece; the terms need to be explicitly articulated and ideally written and signed.
2.1 Our Greek debt settlement attorneys have deep knowledge and experience of the Greek rules and regulations. However, they are fully aware of the Greek trading traditions and culture, which makes it easier for your Greek debtor to make payments fast.
2.2 DEBT RECOVERY IN THE GREEK English Our lawyers know both the english and Greek, which allows them to quickly transcend language barriers.
3.1 Our commercial debt recovery approach is customised to each unique case, and we provide you with tailor-made advice.
4.1 We will always offer our honest advice on the chances that your debt recovery will be successful. It is vital to us to put 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 justice.
5.1 In Greece the debt collection process can be split into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court. We include the Court during the legal process, in order to make the Greek debtor bill.
5.2 Because we are a debt collection firm, we are able to assist you in both processes. Many disputes in Greece are settled during the extrajudicial process, without the intervention of the Court.
6.1 In theory we often continue with the extrajudicial step of the debt collection process. We're trying to avoid the need to go to Court during this process, as this can be costly. We must contact your debtor in Greece to seek payment.
6.2 We have the following options at this stage: written request letters and telephone calls: we send a written request letter to the debtor and contact them by telephone, asking that they pay the claim within a few days, together with interest and costs; settlement agreement: in Greece, setting up a payment arrangement is often successful.
6.3 It is important to show respect to your Greek trading partner in order to achieve results in negotiations; announcing legal action: if there is no invoice, launching legal proceedings will often convince the Greek customer to pay for it. Greeks will do whatever they can to avoid a legal claim.
7.1 If your debtor refuses to pay during the extrajudicial process we can go to the Court without negotiation with you. We will always provide you with information about the possible costs in advance and we will only continue with your permission. There are a number of legal processes in Greece which you can start collecting your claim.
7.2 The most relevant steps are explained below: request for payment litigation ("Diatagi Pliromis"): if your allegation is undisputed (there is no discrepancy with the invoice), then the proceedings "Diatagi Pliromis" will begin.
7.3 Such prosecutions will lead to a fairly quick and effective enforceable title. Our counsel may apply the appropriate means to enforce the title after the Court has issued its ruling. Of example, by putting a fee on the bank accounts of your debtor;
7.4 Ordinary civil litigation ("Agogi"): if the payment is contested (the debtor mentions the reasons why they will not pay), then the counsel will make a claim against the debtor ("Agogi"). We will then have to present their case to both sides. Sometimes the judge will summarily decide the case and sometimes they set a date for a court hearing. Depending on the details of your situation, your counsel will decide whether the charges are appropriate;
7.5 Emergency remedies ("Asfalistika Metra"): in urgent cases, for example, to avoid the risk of wealth dissipation, a motion may be submitted for temporary legal action, or "Asfalistika Metra" This is a temporary defense of your legal rights, for example in the case of a recovery of the bias. To order to prevent the law from being repealed, legal proceedings must be opened within a time set by the judge.
8.1 In the case of an uncontested dispute between two parties based in EU Member States (except Denmark).
European order for payment proceedings may be commenced
In your case, the prosecutor who manages the 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 European Transaction Order.
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 real and enforceable and is recognized in any Member State (except Denmark).
The EU Transaction Order is never appropriate for contested matters (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 charge 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.
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 Greek debtor may try to gain additional time.
Persevere, be direct and never postpone.
- In the Greece, a payment period of three to seven days is normal
Our Greek debt collection experts have comprehensive experience and perspective of Greek laws and policies.
Therefore they are perfectly aware of Greece trading values and traditions.
Which makes it easier for your Greek debtor to quickly make payments.
Contact Us and Get our comprehensive article about how to collect a debt in Greece, using the amicable and legal options. This is best debt collection guide on Greece your will ever find.
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.
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.
We have prepared for you a comprehensive article about how the debt collection process works in Greece.
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