As commercial law attorneys, we often experience that our clients have a significant amount of unpaid receivables, which leads to cash flow problems, carries the risk of other operational disorders, and also erodes the payment discipline of customers, clients, and principals. Different types of insolvency and enforcement proceedings are available for the enforcement of monetary claims in Hungary, however, for the purpose of successful debt collection, it is important to choose the most appropriate type of procedure, to schedule it appropriately and to carry it out in an efficient manner.
As part of our services, we examine the nature of our clients’ claims, the debtor’s financial situation, the history of claim enforcement, and after evaluating all relevant circumstances, we propose the most efficient way to enforce the claim, and then we carry it out. Our services include, in particular, domestic and European payment order procedures, litigation and extrajudicial claim enforcement, representation in insolvency proceedings, collateral advice, and representation in court enforcement proceedings.
We can offer automated services for those who use the accounting services of the Niveus Group, as their outgoing invoice traffic is available to our company group. This means a cost-saving solution for monitoring payment deadlines and efficiently enforcing overdue claims.
If our client’s operation is affected by a situation threatening with insolvency, it is also of great importance that effective legal support accompanies them during negotiations with creditors, and if we can facilitate the conclusion of a settlement agreement with creditors during a potential insolvency procedure.