Law firm KRALIK & PARTNERS has its own know-how and unique system of debt recovery. This debt recovery system guarantees effective and fast recovery of unpaid debts.
Law firm KRALIK & PARTNERS has its own know-how and unique system of debt recovery. This debt recovery system guarantees effective and fast recovery of unpaid debts.
Debt recovery system is divided into two stages:
1. extrajudicial recovery of a debt and
2. judicial recovery of a debt.
Phases of a debt recovery:
- sending reminder of a debt and the call for a payment to debtor. According to our experience approximately 20 to 30 % of debtors voluntarily pay their debt after receiving the call for payment from the Law firm.
- Lodging the claim to the court. Law firm has the right to legally represent its client in front of the court, which follows, if debtor did not voluntarily pays his debt after receiving the call for payment.
- In case debtor would not pay his debt after the decision of the court becomes final Law firm initiate execution process against debtor. Law firm successfully cooperates with many executor across the whole Slovak republic so the execution can be even more effective.
The main advantage of the debt recovery system of the Law firm KRALIK & PARTNERS is minimizing the costs and determine fee to the successful debt recovery. According to our experience 10 to 15 % of debtors pay their debts after lodging the claim to the court. Another 30 to 35 % of debtors pay their debts after the decision of the court becomes final.
We will gladly provide any other information in our Law firm.