Debt Collection in Liechtenstein

Do you have a customer in Liechtenstein who does not pay invoice for your company?

In Liechtenstein the trade system and laws vary from those you are used to, which often complicates debt collection in Liechtenstein.

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, hav knowledge and experience available to assist you with recovering your corporate debt in Liechtenstein.

Collect A Debt in Liechtenstein. Quickly.
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1. SUGGESTIONS If The LIECHTENSTEIN CUSTOMER IS NOT PAYING

1.1 Call the debtor to inquire why your invoice has not been charged yet Provide a note 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 FOR LOCAL LEGISLATION AND CUSTOMS OF TRADE

2.1 Our debt recovery experts in Liechtenstein have considerable experience and knowledge of the rules and regulations. Additionally, they are fully conscious of business traditions and culture. Which makes getting the Liechtenstein debtor to pay quickly easier.

3. DEBT RECOVERY IN GERMAN LANGUAGE

3.1 Our attorneys know both your english and German so they can quickly solve 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 LIECHTENSTEIN

6.1 The debt collection process may be split into two phases in Liechtenstein. Selection takes place during the extrajudicial process, without the intervention of the Court. We must include the Court during the legal process in order to make the debtor in Liechtenstein pay. Because we are a law firm, we are able to assist you in both processes. Most matters are settled in Liechtenstein during the extrajudicial process, without interference by the Court.


7. EXTRAJUDICIAL DEBT COLLECTION

7.1 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. To seek payment we will contact your debtor in Liechtenstein.

7.2 For specific cases we will also engage with your Liechtenstein trustees in a face-to-face discussion. 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.


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Collect Debt Based in Liechtenstein

8. JUDICIAL DEBT SETTLEMENT

8.1 If your Liechtenstein debtor refuses to pay during the extrajudicial process we can go to the Court in Liechtenstein 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.


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EUROPEAN ORDER FOR PAYMENT PROCEEDINGS

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 claimant typically filled 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 the Liechtenstein. 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.

Collect a Debt In the Liechtenstein

What To Do When Your Customer the Liechtenstein 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 Liechtenstein debtor may try to gain additional time.
Persevere, be direct and never postpone.
- In the Liechtenstein, a payment period of three to seven days is normal

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Our Liechtenstein debt collection experts have comprehensive experience and perspective of Liechtenstein laws and policies.
Therefore they are perfectly aware of Liechtenstein trading values and traditions.
Which makes it easier for your Liechtenstein debtor to quickly make payments.

Debt Collection Law Liechtenstein

Debt Collection Law Liechtenstein

Contact Us and Get our comprehensive article about how to collect a debt in Liechtenstein, using the amicable and legal options. This is best debt collection guide on Liechtenstein your will ever find.

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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.

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Collect A Debt in Liechtenstein 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 Liechtenstein

We have prepared for you a comprehensive article about how the debt collection process works in Lichtenstein.
See the country report on our Blog:

Debt Recovery in the Lichtenstein