Receivables Management

We recommend the most suitable and legal way of receivables management for you. The process usually begins with an attorney demand letter for the debt owed. This, on most occasions, is enough for the situation to be resolved.


Against sole traders or natural persons, to recover further debts, payment orders, alternatively, legal actions and, later, enforcement proceedings may be initiated. Payment orders are simplified procedures that, in a short period of time, either conclude with enforceable judgments or with further legal proceedings. When a payment order becomes final, the enforcement proceeding may commence. Enforcement is, in principle, the responsibility of a bailiff, however, legal representation is recommended. The competent bailiff, as independent judicial executor, has access to databases neither an attorney or a natural person would be authorized to (e.g. national land registry, the vehicle register and the tax database).


Against a company, if the attorney demand letter proved ineffective, we recommend the initiation of winding-up proceedings. We prefer this method to the initiation of enforcement proceedings because winding-up proceedings can shed light on the solvency of the company in a short period of time. If the Court decides to wind up the debtor company, it may, of course, entail that the debt will not be recovered. However, in case of enforcement procedures, this fact may be revealed only after many years, when the client has already paid a considerable sum for payment orders, legal actions and enforcement proceedings. Unfortunately, winding up of a company at present is extremely frequent owing to the entrepreneurial circular indebtedness in economic life. Naturally, a winding-up procedure may also be initiated after receiving the final judicial decision.


We also offer representation in any other civil proceedings: for example, indemnifications, warranty claims, cases of violation of rights relating to personality etc.