Contingency is an innovative approach to debt management, which allows to optimize processes and increase the efficiency of work with debtors. This scheme involves cooperation between two parties: the creditor and a debt collection organization (agent). The agent acts as an intermediary, representing the creditor’s interests and performing all necessary actions to recover the debt.
Pre-legal collection of debts from legal entities is a convenient and quick way to settle a dispute between companies without lengthy court proceedings.
The process starts with collecting all the necessary documents confirming the existence of the debt. Then an official notice of the debt is sent with requirement for it to be repaid within a set period of time. This is followed by negotiations with representatives of the debtor company.
EOS receives remuneration only after successful debt collection in favor of the client. Debt assessment and consultation with a personal manager are free of charge.
Analyzing documents, conducting negotiations, sending a pre-trial claim.
Appealing to the court to recover receivables. Preparation of documents for issuance of a court order.
Complying with the execution of the court judgment. Seizure of the debtor’s property. Recovery of funds from accounts.
Pre-trial settlement of debt from a legal entity involves the stage of peaceful settlement of the dispute without recourse to the court.
EOS analyzes the debt, examines the documents provided by the client and sends a claim to the debtor with the demands.
The EOS then conducts negotiations and, if necessary, enters into an installment or debt restructuring agreement.
When an amicable settlement is not possible, the creditor has the right to go to court.
Applying to court to recover a debt from a legal entity is a serious step that requires a professional approach and thorough preparation. EOS submits a statement of claim with the necessary evidence to the court on behalf of the client.
The court reviews the case and issues a judgment, which may include requiring the debtor to repay the debt, penalties, and possibly reimbursement of court costs.
Recovery under a court judgment from a legal entity involves the enforcement of obligations established by a judicial act.
The bailiff-executive starts the collection procedure using such measures as seizure of property or debiting the debtor’s account.
The purpose of foreclosure is to ensure that the judgment is enforced and the creditor is fully compensated.
EOS has successfully worked with debts of more than 3 million individuals and 20 thousand legal entities.
We are leading experts in debt management and are represented in 24 countries.
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