A short video presentation on the most important steps to follow by companies and individuals who need to collect debts. For more information, please contact our lawyers in Belgium: lawyersbelgium....
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1 The debt collection process in Belgium
A presentation brought to you by LawyersBelgium.com
2 Debt collection is the process through which a natural or legal person pursues the needed steps to claim undue payments.
3 Debt collection issues can be challenging for a business, and the collection process can aim to preserve the relationship between the creditor and the debtor.
4 Debt collection in Belgium can be amicable, and take place without a court ruling, or it may occur as a result of court proceedings.
5 Amicable debt collection
Is preferable in many cases, and it takes place through negotiation and sometimes alternative dispute resolution methods.
6 Court debt collection
It is required when the amicable collection has not produced results.
It is assisted by one of our specialized debt collection lawyers in Belgium.
7 Court proceedings
In Belgium, court proceedings for debt collection are subject to EU standards, however, they are costly in comparison with the amicable collection and more time consuming.
8 A Belgian company can consider collecting when the average payment term of 35 days is exceeded. In practice, the applicable term can be different, as per a signed agreement.
9 The most suitable debt collection strategy is determined on a case-by-case basis, depending on the due amount and the relationship between the two parties.
10 Debt collection assistance
Our Belgian lawyers can assist you with amicable debt collection negotiations, as well as with the enforcement of a court ruling for collection.
11 Thank you for watching!
Contact us at:
www.lawyersbelgium.com
clients@lawyersbelgium.com
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