Do you have a client from Hungary who doesn't pay your invoice?
In Hungary the trade community and laws vary from those you are used to, which often complicates debt collection in Hungary. 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 your debt recovery matter over to us. We, a debt recovery law firm, have knowledge and expertise at our fingertips to help you with your accumulation of corporate debts in Hungary.
1. SUGGESTIONS IF THE HUNGARIAN CUSTOMER IS NOT PAYING
1.1 Call the debtor to inquire why your invoice has not been charged yet Provide a reminder instantly In your reminder, provide a clear description of the invoice Also, mention in this warning, a payment period of a fixed number of days.
2. DEBT RECOVERY IN HUNGARIAN LANGUAGE
2.1 Our lawyers know both the English and Hungarian, which allows them to quickly transcend language barriers.
3. CUSTOMISED DEBT RESTRUCTURING
3.1 Our business debt recovery strategy is customized to every single case, and we provide tailored advice.
4. STRAIGHTFORWARD GUIDANCE
4.1 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 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. THE DEBT COLLECTION PROCESS IN HUNGARY
5.1 In Hungary the debt collection process can be divided into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court. They do include the Court during the legal process in order to make the Hungarian debtor pay.
5.2 Because we are a law firm, we are able to assist you in both processes. Many issues are resolved in Hungary during the extrajudicial process, with no interference by the Court.
6. EXTRAJUDICIAL DEBT COLLECTION
6.1 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'll call your debtor in Hungary to seek payment.
6.2 In specific cases, we'll also engage with your Hungarian 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 pay.
7. JUDICIAL DEBT COLLECTION
7.1 If your Hungarian debtor refuses to pay during the extrajudicial process, we can go to Court in Hungary after negotiation with you. We will always give you preliminary details about the likelihood of success in your debt recovery case. We will also remind you of the potential costs in advance, and will only continue with your permission.
In the case of an uncontested dispute between two parties residing in EU Member States (except Denmark)
European order for payment proceedings may be initiated
In your case, the prosecutor who manages the case will decide whether this kind of action is acceptable.
The claimant typically fills 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 timeframe, you can require the Court to finalize the payment order called :
declaration of enforceability
This decision is true 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.
Debt Recovery in Hungary. 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.
What To Do When Your Hungarian 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 Hungarian debtor may try to gain additional time. Persevere, be direct and never postpone. - In the Hungary, a payment period of three to seven days is normal
Our Hungarian debt collection experts have comprehensive experience and perspective of Hungarian laws and policies. Therefore they are perfectly aware of Hungary trading values and traditions. Which makes it easier for your Hungarian debtor to quickly make payments.
Debt Collection Law Hungary
Contact Us and Get our comprehensive article about how to collect a debt in Hungary, using the amicable and legal options. This is best debt collection guide on Hungary your will ever find.
Get paid Faster: Debt Recovery Hungary
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 Hungary 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 Hungary
We have prepared for you a comprehensive article about how the debt collection process works in Hungary. See the country report on our Blog:
