Czech Debt Collection Services – No Win No Fee
Creditreform operates a global specialist International debt collection 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.
Once an instruction is received we will send you an immediate confirmation including our terms and conditions so you can see exactly how we operate. You will be allocated an experienced dedicated account manager who will keep you updated of all developments and is available at all times to answer any questions you may have.
– Location of office(s) in Czech Republic
– Number of staff
– How long been operating in Czech Republic
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C)
– Statute of limitation in Czech Republic
3 years in most cases
– How EU laws effect debt collection in Czech Republic?
The possibility of claiming damage through EU Late payment directive; easy enforcement of judgments of EU courts; the possibility of using the European order for payment
– How many registries in Czech Republic for businesses? (i.e. UK just has 1 central registry)
Commercial register (Verejny rejstrik) for companies – https://or.justice.cz/ias/ui/rejstrik and Trade register for all business entities including companies (Zivnostensky rejstrik – http://www.rzp.cz)
– What is the process in Czech Republic?
similar like in other countries; collection of interests and penalties is quite difficult
– Average length of time to collect?
– Can late payment fees / interest be added to claims?
Yes but difficult to recover
very well prepared and functioning insolvency law; possible to monitor online all details of running insolvency processes – https://isir.justice.cz/isir/common/index.do
There are many unique requirements to recovering international debts in all countries including the Czech Republic 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. Our local offices and partners naturally speak the same language as the debtors, know the local laws and specific procedures. They are also operating in the same time zone so are able to contact and liaise with the debtor at the best times of the day. Al these points enable us to achieve a far greater success rate. Also operating on a No Win No Fee basis together with competitive commission rates against monies recovered ensures you get the best quality service.