TNTP & Associates specializes in debt recovery for individuals and the companies. This is not only a task to request debtors to pay our clients, but also highly qualified skills that TNTP & Associates lawyers with many years of experience and professional work can advise our clients to carry out a debt collection strategy. At the same time, there are many ways to influence the debtor to help pay off the debt quickly.
It is very difficult and very “sensitive” to collect bad debts and delayed post-sale, so that debt collectors are required not only to be aware of legal natures of the debt file but also have professional skills, debt processing and debt recovery skills.
Subject to the nature of each case and based on each specific profile, we will be able to devise appropriate debt recovery plans. Therefore, there will be many different methods and solutions for debt collection. However, the recovery of the debt will be based on two basic solutions:
- Method of mediation and agreement: The method by which lawyers and legal specialists will directly negotiate and negotiate with the debtors so that they can draw up a debt payment plan.
- Method of settlement through court proceedings or coordination with the authorities: This method will apply in the case of debtors are not willing to work, deliberately evade, or plan to pay but pay late, “drip”, and stretch.
Time limit for settlement of debt recovery:
The time limit for settling and recovering debts is influenced by many different factors, of which the two most important factors are the legality of the record and the payment capacity of the debtors.
There are debtors who, after being consulted by lawyers and legal experts, explain the consequences and losses of nonpayment or late payment, they have realized and planned to pay and pay off the debt.
But there are debtors who need support and intervention from the authorities they accept payment. Therefore, the duration of the incident will be dragged on, and affected.