Collection of Overdue Receivables
As a result of the unfaithful domestic business environment, enterprises are commonly haunted by high figures of overdue receivables, and they have made every effort to collect the receivables. Among them, most enterprises take measures of collection by internal sales people, financial people or by a special collection team consisting of the above two people. However, practice proves that this does not work well. This firm has long been engaged in providing overdue receivables collection business for large and medium scale enterprises since its establishment, and has gained consolidated experience in standardized receivable management. A well-functioned Receivable Management Software, which is independently developed by the Firm, is able to provide complete legal service programs for credit survey before signing a contract, risk warning during execution of a contract, non-contentious collection of overdue receivables, debt litigation, enforcement and etc. A specialized collection team of this Firm is able to provide overdue receivable collection service all over the nation, and is the only law firm capable of sending over 15 debt collection lawyers outside for a single client. Furthermore, this Firm takes the Contingency Fee Arrangement, that is, no win, no pay, and any cost and expenditures occurred including but not limited to travel and accommodations, business spending and etc. occurred during collection shall be borne by the Firm. After a successful collection of debt, retaining fee shall be paid according to a previously negotiated proportion of the collected figure. The Firm is now providing collection service for a number of clients with annual sales exceeding RMB 1000 million. The Firm is responsible for collecting all receivables 6 months or above overdue, which has been well recognized by clients with an annual collection of over RMB 100 million. Collection of overdue receivables has become one of the key businesses and distinguished service brand of the Firm.
|
