Do you have a Slovak customer who doesn't pay invoice for your company?
In Slovakia the trade community and laws vary from those you are used to, which often complicates debt collection in Slovakia.
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 expertise at our fingertips to help you in recovering the corporate debt in Slovakia.
1. SUGGESTIONS IF THE SLOVAK CUSTOMER IS NOT PAYING
1.1 Call the debtor and 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. UNDERSTANDING OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our Slovak debt recovery experts have vast experience and knowledge of the Slovak laws and regulations. Additionally, they are fully conscious of business traditions and culture, which makes it easier for your Slovak debtor to get to pay quickly.
3. DEBT RECOVERY IN THE SLOVAK AND ENGLISH
3.1 Our attorneys know both your English and Slovak, 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 SLOVAKIA
6.1 Slovakia's debt collection process can be divided into two phases. 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 Slovak debtor pay. Because we are a debt collection firm, we are able to assist you in both processes. Many disputes in Slovakia 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 Slovakia to seek payment.
7.2 In specific cases, we'll also engage with your Slovak 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.
8.1 If your Slovak debtor refuses to pay during the extrajudicial process, we can go to Court in Slovakia after negotiation with you. We will always give you advance 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 Slovakia. 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 Slovak 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 Slovak debtor may try to gain additional time. Persevere, be direct and never postpone. - In Slovakia, a payment period of three to seven days is normal
Our Slovak debt collection experts have comprehensive experience and perspective of Slovak laws and policies. Therefore they are perfectly aware of Slovakia trading values and traditions. Which makes it easier for your Slovak debtor to quickly make payments.
Debt Collection Law Slovakia
Contact Us and Get our comprehensive article about how to collect a debt in Slovakia, using the amicable and legal options. This is best debt collection guide on Slovakia your will ever find.
Get paid Faster: Debt Recovery Slovakia
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Collect A Debt in Slovakia 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 Slovakia
We have prepared for you a comprehensive article about how the debt collection process works in Slovakia. See the country report on our Blog:
