Debt collection and purchasing

The activities of Law Office Coin Consult related to debt collection and purchasing focus mainly on debt recovery from debtor entities.
In this regard, we take all necessary out-of-court as well as court action to recover the debt as quickly and as efficiently as possible.
All collection related costs, including stamp duties, lawyers’ fees, etc. are borne by Coin Consult.
The advantage of working with us is that our customers are not burdened with any additional costs.
  • Tracking debtor’s assets and finances

Debtors’ financial circumstances including assets and liabilities are essential for successful debt recovery. Therefore, before taking any individual case we conduct a thorough research into the debt origin as well as all supporting documents which certify the debt and prepare a detailed analysis and assessment of the debtor’s solvency and assets.

Our report includes information on the debtor’s current status, i.e. domicile and registered office; area of business activity; managers, partners, owner(s) and amount of equity; attachments of corporate shares; statutory declaration of insolvency, liquidation; participation of the debtor entity or its owners, respectively, in other companies; affiliates; ownership of real property; registered encumbrances, foreclosures, mortgages; tangible fixed assets incl. machinery, plant and equipment, motor vehicles, materials and finished goods, receivables, payables and liabilities to suppliers, financial institutions, the revenue service, social security, etc.*

* At the client’s request, this service is offered also separately in exchange for payment in cases where we are not tasked with the debt collection.

  • Out-of-court debt collection/recovery

We endeavour to preserve good trade relations with debtors. Before filing a lawsuit, we try to settle out-of-court. Therefore, we take all necessary actions to reach an extrajudicial settlement with the debtor.
  • Court-ordered debt collection

In case of a failure to reach an out-of-court settlement, we file a lawsuit against the debtor and perform all necessary actions to have a charging order issued and put in place. We launch and carry out enforcement proceedings to enforce the claims.

All legal costs, lawyers’ fees and bailiffs’ fees are borne by Coin Consult. We receive our remuneration only after a debtor has paid their debt.

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