FOREIGN DEBT COLLECTION
With our international debt collection, your receivables are in the best hands worldwide.
Foreign Debt Collection by LIQUIDA
When claims cross national borders, many companies reach their limits: Different legal situations, language barriers and high costs often make enforcement difficult.
Have you sent a shipment abroad but have not received payment? Are you a company that regularly works with international business partners and would like to have outstanding receivables processed professionally? This is exactly where we come in.
Our specialized foreign debt collection service helps you to enforce your claims quickly and reliably – regardless of the country in which your debtor is based. Rely on our experience to secure your liquidity and minimize the administrative effort.
YOUR ADVANTAGES WITH OUR FOREIGN DEBT COLLECTION
WORLDWIDE SUPPORT
No loss of receivables abroad or if your debtor moves abroad. We support you worldwide in enforcing your payment claims.
WORLDWIDE NETWORK
Our local cooperation partners offer you a worldwide network with high quality standards. We are your central point of contact through which you can communicate.
HIGHLY QUALIFIED SPECIALISTS
Our local cooperation partners are very familiar with country-specific jurisdictions, foreign exchange regulations and mentalities.
NO LANGUAGE BARRIERS
With us, you will not suffer any disadvantages due to legal or language barriers – we send reminders for you in the language of the debtor.
HIGH REALIZATION RATE
Our success-based approach means that our local partners are highly motivated to successfully enforce your claims, as they are only remunerated when a result is achieved.
TRANSPARENT ACCESS TO FILES
Our customer portal gives you a complete overview of your receivables abroad at all times – transparently, securely and around the clock.
THE CHALLENGES OF FOREIGN DEBT COLLECTION
Foreign debt collection presents companies with particular challenges, as the legal framework differs from country to country. Different laws and court systems can make it difficult to enforce claims. Language barriers often hinder communication with debtors or authorities abroad. Cultural differences must also be taken into account, as the dunning procedure is perceived differently in other countries. Credit checks or determining a debtor’s whereabouts are also more difficult abroad.
Varying data protection regulations can restrict access to important information. Different currencies and exchange rates also play a role, especially when calculating interest or costs. The enforceability of court rulings is limited in some countries or associated with high bureaucratic hurdles. Most companies lack the experience or resources to handle foreign debt collection independently, which makes processing even more difficult. Cooperation with local partners is therefore essential in order to successfully enforce claims.
LEGAL WAYS TO ENFORCE CLAIMS
Various legal tools are available to facilitate debt collection abroad. An important instrument within the EU is the European Order for Payment Procedure, which offers a fast and cost-effective way of enforcing uncontested claims in other EU member states. This is supplemented by the European Enforcement Order Regulation, which allows court decisions to be enforced without further recognition proceedings.
For cross-border disputes, the European Small Claims Procedure, which is specifically designed for claims up to 5,000 euros, is suitable. International arbitration is also an option, especially if arbitration clauses have been agreed upon in the contract.
Outside the EU, enforceability is heavily dependent on agreements between the countries involved. National legal regulations, such as debt sale regulations or limitation periods, play a key role. In many countries, judicial dunning procedures are also available, which vary depending on the legal system and the duration of the proceedings.
SUCCESSFUL ENFORCEMENT OF OUTSTANDING RECEIVABLES ABROAD
In order to realize outstanding receivables abroad, various requirements must be met. Sound legal knowledge of the legal framework of the respective target country, international agreements and local legislation is required. Language skills, cultural understanding and appropriate communication are also important. Working with the right cooperation partners who meet high quality standards also plays an important role. Professional preparations, such as credit checks, clear contract design and careful documentation of receivables, are also essential. The right measures, including early reminders or, in an emergency, taking legal action, help to quickly realize outstanding receivables abroad.
YOUR PARTNER IN OVER 100 COUNTRIES
Our international debt collection services cover almost every country in the world. From Europe to Asia, Africa, North and South America and Oceania – we ensure that your claims are enforced internationally. Here are some examples of the countries in which we operate:
Europe:
Germany, France, Spain, Italy, Poland, Sweden, Norway, Switzerland, Austria, UK and many more.
Asia:
Japan, India, South Korea, United Arab Emirates, Saudi Arabia, Singapore, Thailand, Vietnam, Malaysia and many more.
Africa:
South Africa, Egypt, Nigeria, Kenya, Morocco, Ghana, Algeria, Tanzania, Ethiopia and others.
North America:
USA, Canada, Mexico, Cuba, Jamaica and other countries.
South America:
Brazil, Argentina, Chile, Colombia, Peru, Uruguay and others.
Oceania:
Australia, New Zealand, Papua New Guinea, Fiji, Samoa and other island states.
OUR FOREIGN DEBT COLLECTION AT A GLANCE
EXAMINATION OF THE DEBTOR
Once your claim has been handed over to us, we begin with a thorough check of the debtor’s details. This check ensures that all relevant information is complete and correct so that the case can be processed efficiently.
HANDOVER TO PARTNER
We then hand over the claim to our reliable partner in the debtor’s country. Our partner specializes in the local legal and cultural conditions and handles direct communication with the debtor. During this process, he keep us regularly informed of all developments.
TRANSPARENT ACCESS TO FILES
As our customer, you can view the entire process in real time at any time via our portal. This portal is available to you around the clock and offers maximum transparency regarding the progress of the debt collection process.
PROGRESS REPORT
As soon as our partner reaches a solution, we will inform you immediately. It does not matter whether the result is positive – i.e. a successful payment – or negative. In either case, you will receive a notification with all the relevant details.
INCOMING PAYMENTS
If we are successful, we will prepare a detailed invoice that gives you clarity about the payment flow. The amount received is then paid out to the creditors quickly. Our structured procedure ensures that you are always well informed and can follow the process simply and easily.
WHY LIQUIDA
We offer you competent advice from highly qualified debt collection specialists and support you worldwide in enforcing your payment claims. Our local cooperation partners are very familiar with country-specific jurisdictions, foreign exchange regulations and mentalities. We are your central point of contact through which you can communicate. With us, you will not suffer any disadvantages due to legal or language barriers – we will send reminders in the language of the debtor.
Our customer portal gives them an insight into the current status of their cases abroad at all times. Full transparency and complete access to files ensure that you are always well informed. Another decisive advantage is our success-based approach abroad. For you, this means that our local partners are highly motivated to successfully enforce your claims, as they are only remunerated if a result is achieved. This motivation ensures maximum chances of success. Rely on our international expertise to successfully enforce your outstanding receivables!
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Further informationOUR NETWORK
HOW YOU CAN WORK WITH US
REQUEST A QUOTE
Click on the button and request your individual offer. This is of course free of charge and without obligation.
01
ANALYSIS MEETING
We will then get in touch with you. You can tell us about your current situation and we will clarify with you what makes sense for you.
02
REALIZE DEMANDS
If you are satisfied with our offer, you will receive your access data, can upload your cases quickly and easily and realize your claims.
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FREQUENTLY ASKED QUESTIONS
How long does debt collection take abroad?
The processing time depends on the country of destination and the complexity of the case. Undisputed claims can often be settled quickly, while legal proceedings or enforcement can take longer.
Can I also have small claims collected abroad?
Yes, we also take on small claims. Our efficient system enables us to process them cost-effectively.
What are the costs of foreign debt collection?
The costs depend on the target country and the amount of the claim. Thanks to our success model, the creditors generally only have to pay if the claim is successfully realized.
What documents do I need for foreign debt collection?
We need all relevant documents such as invoices, contracts, reminders and the debtor’s contact details. The more complete the documents are, the faster we can act.
What happens if the debtor does not pay?
If the debtor does not pay, we will examine the possibility of legal proceedings. We take into account the prospects of success and coordinate the next steps with him.
Can I also have claims from the past collected?
Yes, as long as the claim is not yet time-barred. The limitation periods vary depending on the country, so we will check this for you individually.
What happens if the debtor cannot be found?
In such cases, we use special address tracing procedures to locate the debtor. Our local partners have access to relevant data sources to increase the chances of success.
What happens if the debtor objects to the claim?
If a debtor raises an objection, we will examine the situation and discuss the next steps with him. In many cases, the dispute can be resolved through negotiation or court proceedings.
CONTACT US
Do you have any questions or need a customized offer? Let's work together to find the best solutions for you - contact us today!
If you as a debtor have any questions about the paying of your bills or if you would like to arrange a payment plan, we would be happy to assist you in resolving the matter. Please visit this page:
ADDRESS
LIQUIDA Inkasso GmbH
Lise-Meitner-Straße 23
74074 Heilbronn
Lise-Meitner-Straße 23
74074 Heilbronn
CONTACT
info(at)liquida.de
+49-7131-58206-0
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