Debt Collection Bhutan

Bhutan 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.

Main reasons why a local country debt recovery agency is so important rather than trying to recover from the UK are as follows:

The local International Debt collection Partners know:

1. The local cultures
2. The languages
3. The laws
4. Are in the same time zones

Herewith details of our debt collection service Bhutan

Location of debt recovery office in Bhutan

Thimphu

Number of debt collection staff?

5-7 staff

How long have you been operating a debt recovery service in Bhutan

Over 10 years

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?

Both B2B and B2C.

Statute of limitation in Bhutan

3 years

How EU (European Union) laws effect debt collection in Bhutan?

No real effect

How many registries in Bhutan for businesses? (i.e. UK just has 1 central registry)

Thimphu, Bhutan, P.O. Box # 141

General comments regarding process in Bhutan for debt collection and how differs from UK / other countries in Europe

What is the debt collection process in Bhutan?

Similar process to the UK.

Average length of time to collect a debt in Bhutan?

Upto 3 years including legal processes. Legal proceedings are lengthy and of poor quality. Out of court settlements are always recommended

Can late payment fees / interest be added to claims?

In view of the weak court system not likely to be successful

Details on legal service / process in Myanmar

Upto 3 years in a District Court and upto 12 years in a High Court

Specialist Debt Recovery Experts

There are many unique requirements to recovering international debts in all countries including Myanmar 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 the UK office. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK office base 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.