How to Choose Best Law Firm in Debt Recovery for Sales Contract?

Famous company in debt collection in Vietnam would like to answer the client’s question about the best way to choose prestigious company in debt collection.

Legal Advice Hotline on Debt Collection: 1900.599.979

The best law firm in Vietnam in debt collection has received an question from our client through debt collection Call Center 1900.599.979 as follows:

Question:

“Dear Dragon Law, I have signed in the international sales contract with our partner in Vietnam. For some reasons, they denied to pay for us the recent ships. I intend to find a famous and prestigious law firm in Vietnam in debt collection. Can you introduce me how to choose the best? Thank you so much.”

Answer:

One of best law firm in debt collection would like to thank Client in interest in our legal services.

For your question, Dragon Law will introduce in short the solution how to valuate one company is good at debt collection.

You should consider some below point:

What is Debt Collection?

Debt collection is the requirement of debtors to pay to their creditors the sums of money, other assets which is due or overdue to pay to the creditors under the contract or the agreement between the creditors and the debtors or according to the decision of the competent authorities.

What to Do to Effectively Recover Debt:

- Learn carefully, evaluate debt recovery records

- Thoroughly examine debtors before proceeding with debt recovery

- To fully perform the obligations of creditors towards debtors in the signed documents

- Choose the right debt collector

- Select the method of debt recovery suitable for each stage

What Documents Will be Asked to Prepare?

- Contracts or papers of equivalent value evidencing the right to reclaim debts or records, video recordings ...

- Documents proving that the creditor has fulfilled other obligations before the right to reclaim the debt arises

- Written acknowledgment of debt between the two parties (if any)

- Letters and documents exchanged between creditors and debtors related to debts to be recovered.

EFFECTIVE DEBT COLLECTION METHODS:

1. Negotiation in Debt Recovery

By all means we should be collect the debt in this stage because if the parties negotiate and successfully negotiated, the parties will continue to maintain good relations, to avoid damage to health, psychological, spirit, help the parties to financial savings, time for other things.

2. Lawsuit and Denunciation in Debt Collection

Lawsuit: This measure is used when negotiating efforts failed. This measure will result in lost time, effort and finances of both creditors and debt collector, therefore it should be carefully considered.

Denunciation: For the method to denounce, this as an extremely effective method is the double-edged sword for the use of this method because if the accusations are correct, the debtors will be dealt the criminal liability that will pay for our debts.

For more detail, clients can easy contact directly to our best lawyer in Vietnam in debt collection for sales contract via the below information.

Sincerely!

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Dragon Law Firm - Hotline: 1900.599.979

Email: dragonlawfirm@gmail.com

Website: www.dragonlaw.vn

Facebook: https://www.facebook.com/hanoilawfirm/

HQ: 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