The International Debt Collections Handbook is a key tool for businesses when it comes to making decisions concerning collections in foreign countries.
Atradius Collections' International Debt Collections Handbook is an annual publication that explains the diversity and complexity of country-specific debt collection approaches in detail. This includes the different stages of amicable settlement, financial regulations around collections, legal proceedings and insolvency procedures in more than 48 countries.
Our clients tell us that they regard the Handbook as an invaluable and highly demanded tool for decision-makers in the collections and credit management industry. No business is immune to the risks associated with international trade and can be exposed to poor payment behaviour.
As a result, maintaining and protecting cash flow is especially crucial. Having knowledge of the amicable collections process, as well as the country-specific legal phases surrounding collections, is therefore vital. With local expertise, businesses can ensure that they are following a professional and successful approach. That is why this publication is of great value.
What can you find in this Handbook?
Each country report includes a snapshot of their current local economic situation, including GDP, major industries, import-export growth and Atradius Collections' local success rate.
This chapter explains local debt collections customs such as prescription periods, common payment methods and employment of local agents to make field visits to your debtors in the amicable phase. It also gives an overview of the interest and collection costs that are charged to the debtors.
Valuable insights are given on legal dunning procedures, which significantly differ per country. The Handbook explains the differences and highlights the roles of lawsuits, courts, bailiffs and enforcement measures in the legal debt collection process.
The Handbook describes the collections procedures when your debtors go bankrupt, focusing on minimising your losses. Bankruptcy procedures are often lengthy and cumbersome and can include an added level of complexity when dealing with debtors abroad. You will learn which approaches are the most effective when making claims against domestic and international bankruptcies.
Atradius Collections provides complete service and support to all clients in all cases. We cater to your business's credit management requirements. From collection letters sent on your behalf, one-off debt placement, all the way to fully outsourcing receivables in the name of your business. Our aim is to support you in recovering your overdue debts wherever in the world your invoices are. Find out more about our services or contact us now.