The management level of the employers in Vietnam is still not high, many businesses can not handle well their bad loans. In addition, enterprises do not also have the advantage from the credit support tools. These factors along with the capital appropriation has increased the bad debts which is not easy to collect for the good companies.
Dispute Resolution Methods for Debt Recovery
Update: 4/1/2017 | 4:23:37 PM - Dragon Law Firm
Dragon Law Firm with many experience years in the field of bad debt recovery.
Dragon Law will give some dispute resolution methods for past-due debts as follows:
Bad debt, which is the unpaid debt after the loan period has expired, sales or construction work was completed ......... even mortgaged property is also difficult to deal with debt and handling bad debt issues is an extremely difficult, complicated tasks, even very "sensitive". Therefore, in addition to clearly grasp legality of debt dossier, the debt collectors must also have professional skills and handling skills the debt recovery.
Depending on the nature of each case and specific profile, then we can make plans for dealing with debt collection. Therefore, there will have a lot of methods and solutions in debt collection. However, the debt recovery will apply two basic methods as follows:
1. Conciliation and agreement method:
The method in which the lawyers, legal specialists shall directly negotiate, persuade the debtors to make a debt payment plan.
2. Method through court proceedings or other authorities:
This method will apply in case of debtors unwilling to solve the debt.
Time limit for resolution, debt collection is influenced by different factors in which there are two most important factors: legality of documents and payment ability of debtors.
When the lawyers and legal specialists analyze, explain about the consequences and loss of non-payment or late payment, the debtors are aware and then they do plan to pay debt completely.
However, some debtors that we must need the assistance and intervention of competent agencies, then they accept to pay. Therefore, the time limit of that cases will be prolonged and influence to client’s time, effort as well as finance. So when accepting the cases, the lawyers must be conscientious and responsible, then the cases will be solved effectively.
In specific legal matters will be applied with detail legal consultation plan. For more information, please contact to Dragon Law as below to be supported.
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Dragon Law Firm - Hotline: 1900.599.979
Website: www.dragonlaw.vn
Email: dragonlawfirm@gmail.com
Facebook: https://www.facebook.com/vanphongluatsudragon
Headquarter: FL14.6, VIMECO Bldg, Lot E9, Pham Hung Str., Trung Hoa Ward, Cau Giay Dist., Hanoi
Office: FL4.6, Khanh Hoi Bldg, Lot 2/3C, Le Hong Phong Str., Ngo Quyen Dist., Hai Phong
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