In cases where out-of-court debt recovery has not been successful and there is no agreement with the debtor on the voluntary fulfilment of obligations, we provide recommendations on the next steps to be taken in the specific case, as well as possible legal proceedings. In this situation, the information gathered during the recovery process, the communication with the debtor, its attitude towards the debt obligations and other relevant factors must be taken into account. By agreement of the parties, we represent the client's interests before all judicial authorities. It is important to assess whether the involvement of a court is appropriate in a given situation. The documents supporting the debt, the amount of the debt, available information about the debtor, such as place of work, income, ownership and other information, should be taken into account. In cases where debt recovery requires the involvement of the courts, our specialists will advise on all the issues involved. We can prepare documents, file them with the court and represent the company in any legal proceedings. Including notice procedures, small claims, general procedures, arbitration. We prepare and send documents to sworn bailiffs for the enforcement of court decisions. Debt collectors also monitor and control cases, providing reports and communicating results. If necessary, we will calculate the penalty, late payment or statutory interest. 

If a company does not want to use debt recovery specialists and handles the situation itself, the time spent and the results may not meet expectations. More often than not, it is lack of knowledge, lack of time and other constraints that will prevent you from fully focusing on debt recovery. Using professional debt collectors will be much more productive. While the debt collectors work on efficient and timely debt recovery, the company can take care of its development and operations without spending extra energy and time on debt settlement with the debtor. Our specialists will carry out all the reminder procedures and, when a late payment is detected, will alert the client by sending reminder letters and text messages, as well as by making reminder calls and following up on payments, significantly speeding up the payment of the overdue invoice. Throughout the process, our specialists work closely with the creditor and keep them informed of changes. Debt recovery specialists also prepare all the necessary documentation and draw up a repayment schedule if needed. 

It is very important for companies to not only take care of their employees and the way they work, but also their clients. When a client becomes a debtor, the situation can become tense and emotions can run high. Our specialists look for the best approach in every situation. We look after the creditor's interests responsibly, providing efficient and professional legal solutions. In our work, it is important to find an individual approach to each debt situation, choosing the legally correct debt recovery methods. Our specialists work in compliance with the laws and regulations of the Republic of Latvia and the rules of the Latvian Association of Extrajudicial Debt Collectors; therefore, we ensure the fair treatment of debtors in the debt collection process. Our experienced and knowledgeable debt recovery specialists will ensure the fast and efficient recovery of your debt, complying with all regulatory requirements in communication with your client. This is how you will be able to maintain the long-term existing cooperation between you and your client even after repayment of the debt. We are successfully improving the payment discipline of our debtors, thus stabilising our financial position and cash flow.

Every invoice that is not paid on time can have a negative impact on the performance and development of a company, which is why it is important to facilitate the recovery of money in the shortest possible time. Every debt situation is individual, so debt recovery specialists will carefully investigate and find the best approach to help you recover your money faster. Before collecting a debt, we gather as much information as possible about the debtor, analyse its behaviour, circumstances and available resources, and apply individual debt recovery methods. Our aim is to motivate debtors to settle their debts in the shortest possible time, thus minimising the financial consequences and losses for the company.

In cases where a company or service provider wants to keep up to date with the solvency of its clients, monitoring or surveillance of natural and legal persons can be used. In this case, debt recovery specialists constantly check the situation of the debtors in question and any changes that might affect payment of the invoice or other obligations. Changes such as declaration of insolvency, suspension of operation by the governing body, liquidation of the company, change of officers, registration of new stakeholders, changes in the company's share capital, litigation data, information on licences, bans, VAT status changes, information from the CSDD on company vehicles, information on the company from the SRS, media, internet and other information found in public registers and databases. If, as a result of the monitoring, the declaration of insolvency, suspension of operation by the governing body or liquidation of the company is detected, this information is immediately sent to the contact person indicated. This process will help if you need to file a creditor's claim in time. It is also possible to check the public registers of natural persons to see whether a person has been declared insolvent, whether there have been any other changes or whether the person has died. 

In cases where out-of-court debt recovery has not been successful and there is no agreement with the debtor on the voluntary fulfilment of obligations, we provide recommendations on the next steps to be taken in the specific case, as well as possible legal proceedings. In this situation, the information gathered during the recovery process, the communication with the debtor, its attitude towards the debt obligations and other relevant factors must be taken into account. By agreement of the parties, we represent the client's interests before all judicial authorities. It is important to assess whether the involvement of a court is appropriate in a given situation. The documents supporting the debt, the amount of the debt, available information about the debtor, such as place of work, income, ownership and other information, should be taken into account. In cases where debt recovery requires the involvement of the courts, our specialists will advise on all the issues involved. We can prepare documents, file them with the court and represent the company in any legal proceedings. Including notice procedures, small claims, general procedures, arbitration. We prepare and send documents to sworn bailiffs for the enforcement of court decisions. Debt collectors also monitor and control cases, providing reports and communicating results. If necessary, we will calculate the penalty, late payment or statutory interest.