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Debt Management Service and Debt Collection
LETT has long-standing experience in handling bad debts on behalf of our clients. We are thus fully acquainted with all the implications, whether practical, financial or legal, that follow in the wake of bad debts. To provide high-quality assistance and advice as regards bad debts, we have set up a debt management service offering specialist knowledge within this area that is, in practice, so important.
The debt management service provides assistance to our clients in specific debt collection proceedings. LETT’s debt management service assists our clients in preparing well thought-out and written debtor policies. LETT’s debt management service is, of course, always up-to-date on the most recent knowledge within the debt area and continues to keep our clients updated.
The debt management service specialises in all aspects of the debt area, including post-due invoice collection. LETT’s debt management service assists a wide range of businesses and authorities exposed to debtors that fail to pay invoices in time. Usually the invoices relate to payment of sold or delivered goods or services or payment of membership fees, back rents, service charges or repayment of faulty salary or wage payments.
Moreover, LETT provides assistance in terms of collection of debt instruments/banking collection to a number of banks, pension funds and other professional lending institutions faced with debtors that fail to pay their instalment and interest in time. Generally, there will be a so-called enforcement basis in the form of a debt instrument and we will thus be able to proceed with the debt collection more quickly than in e.g. post-due invoice collection.
LETT provides assistance in terms of mortgage document collection/mortgage credit collection to mortgage credit banks faced with debtors that fail to pay their instalment and interest in time. Usually there will be a so-called enforcement basis in the form of a mortgage document secured on the debtors’ real estate and mortgage document collection is characterised by us being able to proceed with the debt collection more quickly than in e.g. post-due invoice collection and by us arranging for a subsequent forced sale.
LETT provides assistance in terms of leasing collection to leasing companies faced with debtors that fail to pay their leasing fees in time. Usually, there will be no so-called enforcement basis in these matters and, if necessary, the leased equipment will have to be retrieved through the enforcement court. Leasing collection is thus often characterised by us having to arrange for collection of the non-paid leasing fees and/or retrieval of the leased equipment.
