Banking law & Debt recovery
In detail…
A claim is defined as a debt owed by a natural or legal person to another person or company. This amount of money becomes a receivable when the product or service is consumed before payment.
One who owes a debt to a person or organization is the debtor. The one expecting payment from the debtor is the creditor. In case the debtor does not pay the debt to the creditor, it is an unpaid. This is where a debt collection process begins.
Cabinet KLEIN intervenes at all stages of the collection process, from protective measures (mortgages, pledges, precautionary seizures, etc.) to execution methods (real estate seizures).
As part of an amicable collection, the debtor repays his debt after one or more reminders mentioning his obligation to pay the debt.
If necessary, the firm intervenes to then proceed to a contentious collection. The procedure then takes a legal route with the intervention of a bailiff.
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