Chat with us, powered by LiveChat

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 Cayman Islands

Cayman Islands is a British Overseas Territory in the Caribbean made up of 3 islands: Grand Cayman, Cayman Brac and Little Cayman. Our local office is on Grand Cayman which is far by the post populous of the 3 islands.

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 Cayman Islands English is official language as well as Spanish been widely spoken. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.

4. Statute of Limitation in Cayman Islands

6 years but there are 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:

PLEASE CALL US ON 0121 442 5330 FOR FURTHER DETAILS

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

 




Cayman Islands 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 Cayman Islands

Location of debt recovery office in Cayman Islands

Camana Bay, Grand Cayman

Number of debt collection staff

We have about 25 fee earners, plus about the same again in support staff across the group

How long been operating a debt recovery service in Cayman Islands

Since 2005.

Statute of limitation in Cayman Islands

General statute of limitations for contract is 6 years in each island.

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

EU laws do not affect debt collection.

I would also add that there is no equivalent of the Enterprise Act 2003.  The jurisdictions are creditor friendly, with no administration regimes and creditor remedies are available.

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

1 company registry in each jurisdiction.

General comments regarding process in Cayman Islands for debt collection and how differs from UK / other European countries:

What is the debt collection process in Cayman Islands?

If debts are not disputed then you can proceed with a statutory demand and insolvency remedy.  UK judgments can be domesticated and enforced locally.

Can late payment fees / interest be added to claims?

Late payment and interest fees can be included if there is a contractual entitlement.  Service is typically on the registered agent (we can arrange this).

Basically if you are coming offshore it is essential to carry out entity checks (to confirm that you have the right jurisdiction and if the entity is in good standing).  There is no public record of shareholders or directors, and no accounts are filed.  Discovery relief is sometimes available, but the key thing is to contact us in each instance to discuss remedies and whether the matter is likely to be worth pursuing.

Specialist Debt Recovery Experts

There are many unique requirements to recovering international debts in all countries including Cayman Islands debt collection services which differ from the UK debt collection agency  services 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.

Logo
“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
Logo
“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
Logo
“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
Logo
“I have worked with Creditreform for many years and always received a first class service. Keep up the good work”
Russell Hardwick, MSC Industrial
Resources