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  Debt collection conditions for the debtor company registered in the territory of Baltics, Russia and other CIS countries, Central and Western Europe and other countries
Debt collection conditions for the debtor company registered in the territory of Baltics, Russia and other CIS countries, Central and Western Europe and other countries
  1. Amicable Collection

    The working process is the following:

    1.1. Placement of the order and handing over of documents.

    1.2. Confirmation of order.

    1.3. Evaluation of the documents in regard to the possibility of recovering the claim

    1.4. Verification of the debtor (preparing of a credit report if necessary).

    1.5. Letter of claim with fixed payment – deadline.

    1.6. Contacts by phone and written correspondence.

    1.7. Personal visits to debtor.

    1.8. Debtor tracing.

    1.9. Updated reports on new developments as well as a monthly report of case status.

    First contact with the debtor in 24 hours after the case is registered!
    No Result – No Fee in all countries!


    Rates

    Latvia, Lithuania, Estonia, Russia, Ukraine, Belarus.

    Amount of recovered claim, EUR Rate
    0 … 50 000 10%
    50 000 … 250 000 8%
    250 000 and more 6%

    Moldova, Armenia, Azerbaijan, Georgia,Kazakhstan, Kirghizia, Tajikistan, Turkmenistan, Uzbekistan, Mongolia.

    Amount of recovered claim, EUR Rate
    0 … 50 000 12%
    50 000 … 250 000 10%
    250 000 and more 8%

    Poland, Czech, Slovakia, Slovenia, Hungary, Romania, Bulgaria, Croatia, Serbia, Montenegro, Bosnia &Herzegovina, Macedonia, Western Europe.

    Amount of recovered claim, EUR Rate
    0 … 50 000 12%
    50 000 … 250 000 10%
    250 000 and more 8%

  2. Legal Collection

    If the pre-legal stage of the debt collection process is not successful, by the agreement of the client, we will then proceed with legal action. To help the client to make his decision we will provide a list of costs necessary for bringing the claim to court. Our company’s lawyers will then present the client’s case in court. In turn, the client is obliged to provide IGK Group with all necessary documents required for a successful suit.

    Legal action procedure algorithm:

              Filling a suit against the debtor
              Obtaining judgment
              Execution of judgment

    The client must meet the expenses for the lawyer, court fees etc., according to the account set up by the IGK Group . As far as possible (according to the respective law) these costs will be shifted to the debtor. Our commission rate does not depend on costs for legal proceedings.

    Approximate costs for legal proceedings around this region are as follows:

    State tax, usually about 5 – 10% of the debt amount (as an exception the state tax in Ukraine is 1%). The bigger the debt amount, the smaller the state tax if compared proportionally.

    The lawyer’s fee also depends on the complexity of the case; usually it ranges between 5 – 12% of the debt amount. In a majority of the cases these sums have to be paid in advance, except the lawyer’s fee. In the event of a successful court case, court costs will be paid by the debtor except the lawyer’s fee. These calculations are approximate, concrete costs can only be given after a complete analysis of the documents related to a particular case.


IGK AG Germany
Tel. +371 67186999
office@igk-group.com
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