Do you have a Serb customer who does not pay the invoice for your company?
In Serbia the trade system and laws vary from those you are used to, which often complicates debt collection in Serbia.
Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to raise the funds from the moment you turn your debt recovery matter over to us.
We, a debt recovery firm, have knowledge and practice at our fingertips to help you with your list of corporate debts in Serbia.
1. SUGGESTIONS IF THE SERBIAN CUSTOMER IS NOT PAYING
1.1 Call the debtor to inquire why your invoice was not charged yet. Provide a note instantly In your reminder, provide a clear description of the invoice. Also, in this notification, state a payment period of a given number of days.
2. KNOWLEDGE OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our Serbian debt recovery experts have vast experience and knowledge of Serbian laws and regulations. Additionally, they are fully conscious of business traditions and culture. Which makes getting your Serbian debtor to pay fast easier.
3. DEBT RECOVERY IN SERBIAN LANGUAGE
3.1 Our attorneys know both English and Serbian, so they can easily overcome the language barriers.
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 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.
6. THE DEBT COLLECTION PROCESS IN SERBIA
6.1 The process of debt collection in Serbia can be broken down 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 Serb debtor pay. Because we are a debt collection firm, we are able to assist you in both processes. Many disputes in Serbia are settled 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 method. We are trying to prevent Court interference at this point, as this can be expensive. We must contact your debtor in Serbia to seek payment.
7.2 We'll also engage in a face-to-face chat with your Serb debtor in specific cases. 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.
8.1 If your Serbian debtor refuses to pay during the extrajudicial process we can go to the Court in Serbia 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 located in EU Member States (except Denmark)
European order for payment proceedings may be initiated.
In your situation, the prosecutor who manages the case will decide whether this kind of action is acceptable.
The creditor usually fills out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Local Transaction Notice. The debtor then has 30 days to decide whether they object to the charge.
If no notice 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 appropriate 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 Serbia. 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 Serb debtor may try to gain additional time. Persevere, be direct and never postpone. - In Serbia, a payment period of three to seven days is normal
Our Serb debt collection experts have comprehensive experience and perspective of Serb laws and policies. Therefore they are perfectly aware of Serbia trading values and traditions. Which makes it easier for your Serb debtor to quickly make payments.
Debt Collection Law Serbia
Contact Us and Get our comprehensive article about how to collect a debt in Serbia, using the amicable and legal options. This is best debt collection guide on Serbia your will ever find.
Get paid Faster: Debt Recovery Serbia
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Collect A Debt in Serbia using our local Network
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Debt Collection Process in Serbia
We have prepared for you a comprehensive article about how the debt collection process works in Serbia. See the country report on our Blog:
