Having drawn from the expertise of the Atradius Collections' local offices, the International Debt Collections Handbook explains the different stages, regulations and procedures for Argentina.
Atradius Collections Argentina provides debt recovery services all over the country through our network of correspondents in each province until obtaining a payment agreement that improves the conditions, terms and legal position of the client against the debtor.
Our offices, located in the city of Buenos Aires, operate as the local headquarters for debtor appointments, but, if necessary, visits to debtors are made to their own local address. Our correspondents in each province work in the same way under our supervision from Buenos Aires.
Usually during the amicable phase, debtors are charged a default interest with a rate that is subject to negotiation. The default interest rate is generally 1% per month.
During the amicable phase, Argentine debtors are generally reluctant to face costs such as professional fees due to the disparity between currencies like USD or EUR versus the Argentine Peso. However, this is also a matter of negotiation.
The Debt Collections Handbook presents a snapshot of Argentina's local economic situation and it covers the following topics:
- Legal procedures
- Interest and costs in the legal phase
- Insolvency proceedings
- Timeframe and outcome
To read more about steps and procedures undertaken in the field of debt collection: