2023-11-05
Debt collection and encashment
An important field of activity of the German lawyers is the encashment of claims.
In this connection, they are specialised as much in the assertion and the implementation of claims of Indian
clients in Germany as in there alisation and
collection of open claims
of companies and private persons
in Europe. Primarily, they enforce claims judicially, accomplish various forms of debt collection and enforcement
measures in Germany and then manage the
entire legal process
on behalf of the client. This includes the money squeezing procedures of movable properties as well as of real
estates, to the point of purchasing the assets by execution or sequestration and the resale in the name of the
debtor. In case of measures of forced sales in Germany, they arrange the
collection and cashing of entitled claims.
Unlike collection agencies, they manage the outstanding receivables by their own law-firm. They handle an entire
collection process including enforcement, litigation and out of court compromise agreements or settlements.
The Indian creditor can rely on the experience in telephone collections. The employees of the law firm will track
down the debtor by phone to expedite the collection process.
There is no better way to capitalize all outstanding receivables: a debt collection process should always be
managed by legal experts.
Information
Most clients want
more information about debt collection,
and it is obvious that a party to a contract who has performed his obligations will be discharged from further
liability. He will also normally be
discharged
if he makes a valid offer (or 'tender') of performance which the other party rejects. Mere tender of a
money debt
will not, however, operate as a discharge. In order to escape liability a debtor must show, not merely that he
tendered the correct sum upon the date on which it was due, but also that he was ready and willing to pay up to
the time that the creditor brought his action for the recovery of the debt.
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