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. All our international offices and partners initial the collection processes by sending the debtors a debt collection letter 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 Bhutan.
Location of debt recovery office in Bhutan
Thimphu. All debt collection letters are sent by the local head office.
Number of debt collection staff?
5-7 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 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)?
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.
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 debt recovery 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.
