1. Costs – No Win No Fee!

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only.

2. Coverage in Bulgaria

Bulgaria is divided into 28 provinces with Sofia the capital city having the biggest population. Our local office is in Sofia enabling us to recover debts throughout all of Bulgaria.

3. Local Experience

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors’ language, in the case of Bulgaria the most widely spoken language is Bulgarian spoken by 85% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Bulgaria

5 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim

How to Instruct Us

We simply require the following details:

  • Full name & address of the debtor
  • All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
  • Amount owed (Invoice(s) or Statement will help)


Or ask us to call you – just leave us your details:


    Bulgaria 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 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:

    1. The local cultures
    2. The best methods of initiating debt recovery letters and processes
    3. The languages
    4. The laws
    5. Are in the same time zones

    Herewith details of our debt collection service Bulgaria:

    Location of debt recovery office in Bulgaria?

    Sofia. All debt collection letters are sent by the local head office.

    Number of debt collection staff?

    56. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.

    How long have you been operating a debt recovery service in Bulgaria?

    Since 1993

    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 Bulgaria?

    In general: 5 years for principal, 3 years for interest, damages, liquidated damages, rent, etc., 1 year for freight claims (CMR Conv.). Exceptions may apply

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

    The GDPR has greatly impacted the B2C collection, personal insolvency law is expected based on the new Directive

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

    1 central commercial register which include NPLE

    What is the debt collection process in Bulgaria?

    Depends on the debtor, in general includes debt collection letters, calls, e-mails, text messages, etc.

    Average length of time to collect a debt?

    Depends on the parties and the due amount – usually between 4 and 6 months.

    Can late payment fees / interest to be added to claims?

    Yes, but debtor rarely pays such. Exception is when the debtor tries to remain a customer of the client

    Details on legal service / process in Bulgaria?

    Legal collection (claim, not insolvency) takes between 1 and 2 years for the first instance. Legal fees (court taxes, attorney fees, translation and travel fees, etc.) are due for its initiation and must be prepaid. The judgment can be appealed before the High court and the Supreme court, the legal fees are roughly the same for each instance. If successful, a Writ of execution can be obtained and enforcement initiated. Other fees apply for the enforcement

    It is recommended that the client presents copies of the outstanding invoices, as well as a statement of account, especially if partial payments or interest is added;

    Bulgarian Business Credit Reports

    Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. Total businesses registered (number) in Bulgaria is in excess of 1.5 million. Through our online databases you can download Bulgarian business credit reports instantly. This 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.

    Bulgaria Business Credit Reports

    Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Bulgaria Company Searches 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 Bulgaria 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.

    “We are pleased with the friendly and efficient service of Adrian Harding and staff at Creditreform in collecting outstanding overdue debts on our behalf. Some accounts, especially those located overseas have been difficult customers but we are pleased with the high rate of success. We also appreciate that they keep us informed and constantly updated on the progress of the collection”
    Bryan de Beer, Phoenix Fragrances
    “Within 48hrs of Creditreform being involved a resolution was agreed and within the week paid in full. The professionalism of the Creditreform team was second to none and I would and indeed do recommend them to colleagues in a similar difficult position This situation was the first time we have had to employ a company for debt recovery and it was good to feel that you have someone else ‘on your side’.”
    Dean Lake, Lake Contracts
    “We have been using Credit Reform for a number of years now and we have always been dealt with in a professional and friendly way. Over time, Creditreform have managed to achieve good results for us. Would definitely recommend.”
    Anna Zhakrova, Catering Hygiene Specialists Ltd
    “I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
    Russell Hardwick, MSC Industrial