Management of the receivables

Receivables management is a difficult and long process. Whether you have decided to represent yourself in the recovery of receivables or you are represented by a lawyer, the recovery of all receivables can be technically demanding. The debtor whether an individual or legal person, appears in different registers and they are the subject of various proceedings.  The debtor may even dispose of their property in order to prevent the payment of their debts. All this information is data scattered in different places.

If receivables are supposed to be managed at a professional level, all relevant information must be provided. Information about the debtor and the character of your claim is the most important part of the whole recovery process. However, the information you provide to us is only relevant to the actual recovery of your claim. While this may seem to be the only fact that matters, in reality, it may just be one of the many facts that need to be ensured.

The public mistakenly considers that the administration of claims consists only in the recovery process. Unfortunately, this view is also shared by some debt management companies as well as lawyers. Receivables management must always be performed comprehensively; otherwise the risk of non-recovery of receivables will increase. For this reason, receivables management also consists of monitoring the economic behavior of the debtor.

After or before the court proceedings, the debtor may want to dispose of their property. However, getting rid of property is not as easy as it might seem. We constantly monitor the economic behavior of the debtor.

You can say to yourself that watching the movement of real estate is not complicated at all and you can handle it by yourself. However, what you can no longer manage yourself is the identification of the cadastral area (currently there are more than 3 500 of them in the territory of the Slovak Republic) where all the debtor’s real estate is located nor will you be able to contradict a legal act by which the debtor has already disposed of his property. For these reasons, it is necessary to constantly monitor changes in the movement of such assets on a daily basis.

The above-mentioned information is only for the monitoring of the movement of real estate, but for the successful recovery of receivables, it is necessary to obtain much more information. Our company finds out if the debtor has foreclosure, whether they are a subject of litigation,  their actual residence, contact details, and other information that are important for the recovery process. The recovery of receivables itself, as well as the monitoring of the economic behavior of the debtor, also form only a part of the management of receivables.

We are currently the only company on the market that can effectively monitor the movement of debtor´s assets at various levels as well as their other operations in the company, mainly thanks to the unique software we own. We are also aware that our employees can’t perform all tasks; therefore, we have designed and created a program that provides all the essential information for the recovery process.

If the debtor wants to overwrite the property, we will prevent it. If the debtor has already transferred the property, we will oppose such a transfer and obtain the annulment of the legal act by which they transferred such property. If the debtor declares bankruptcy, we will immediately file the claims in the bankruptcy proceedings. If the debtor financially “steals” in their own company in order to avoid their obligations, we derive personal liability of managers in commercial as well as criminal law. And if the debtor devises a way of getting rid of their obligations that we don’t know yet, we will adapt and prevent such a way.

All of the actions and procedures described above contribute to comprehensive receivables management. What we offer you, and why we are so different from the competition and lawyers, can be attributed to advanced technical efficiency at a level that currently has no competition.

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