Albania Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter template to introduce their involvement.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The best methods of initiating debt recovery letters and processes
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Albania
Location of debt recovery office in Albania?
Tirana. All debt letters are sent from the local office or partners’ main address
Number of debt collection staff?
Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Albania?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Albania?
According to the Albanian law, the statute of limitation period for the recovery of debts is 10 years.
How EU (European Union) laws effect debt collection in Albania?
The EU laws do not affect debt collection in Albania.
How many companies registries in Albania for businesses (i.e. UK has just 1 central registry)?
1 registry; the National Business Centre.
What is the debt collection process in Albania?
Generally, the debt collection process in Albania includes two stages, (i) the out of court procedures (i.e. written debt recovery letters warning to the debtor, phone calls and/or meeting with the debtor for payment of the debt) and (ii) court procedures, in case the out of court procedures result unsuccessful.
The debt collection process is performed through debt collection agencies or lawyers who act in the name of the creditor toward a fixed fee or percentage of the total amount recovered.
Average length of time to collect a debt?
The out of court procedures for the debt collection may last approximately two – three months.
The court procedures in first instance court may last from 6 to 8 months. The first instance court’s decision is not final and enforceable in case is appealed by any of the parties to the Court of Appeal.
The examination by the Court of Appeal would take place approximately (1) one-year time from the filing of the appeal. The decision of the Court of Appeal is final and enforceable. The parties can appeal against the decision of the Court of Appeal to the Supreme Court. However, the appeal does not suspend the enforcement of the decision unless specifically decided so by the Supreme Court.
Normally, the enforcement procedures of the court’s decision may last from 4 to 6 months.
Can late payment fees / interest to be added to claims?
Yes fees can be added.
Details on legal service / process in Albania?
Our legal services during the legal process consist in representation of the creditor in all levels of Albanian courts. We, without being limited to, prepare and submit lawsuit, submissions, motions, evidences and appeals if necessary. We assist also during the enforcement procedures of the court’s decision.
The legal process takes effect by filing the lawsuit against the debtor and the relevant evidences with the first instance court.
The court serves the lawsuit and the evidences of the creditor to the debtor, who should submit its statement of defense and evidences against the lawsuit within a maximum term of 30 days, from the date the lawsuit has been served.
The case is heard by the court through a normal trial. It is standard practice for the court to appoint an independent financial expert for the calculation of the debt value, interests and costs.
During the court procedures, the creditor may require as securing measure seizure of the debtor’s movable or immovable assets prior the court renders its decision on the merits.
Albania Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are over 160,000 active companies in Albania. Over 48,000 companies operated in retail and wholesale trade. We provide freshly investigated Albanian business credit reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Albania debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.