Greenland 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:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Greenland
– Location of office in Greenland:
– Number of staff:
11 employees, hereof four attorneys and two assistant attorneys.
– How long been operating in Greenland:
– What type of debts do you recover?
We recover both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Greenland:
Greenland has incorporated the Danish statute of limitations of 1908 (Law no. 274 of 1908-12-22 on the limitation of certain claims). General claims have a limitation period of 5 years. Enforceable claims have a limitation period of 20 years.
– How EU laws effect debt collection in Greenland?:
As Greenland is not a member of the EU, EU law does not apply directly in Greenland.
– How many company registries in Greenland for businesses? (i.e. UK just has 1 central registry):
Greenlandic companies are registered in the Danish business register (CVR – The Central Business Register). Denmark has 1 central registry.
– What is the collection process in Greenland?:
When initiating a collection case, the first step is to send a demand letter whereby the debtor is given the opportunity to pay the full amount due or to agree on a repayment arrangement. If the debtor fails to respond to the letter, the next step is filing a debt collection claim for the purpose of obtaining judgment. Once judgment is obtained, a notice of the ruling is sent to the debtor with a 14-day time limit to pay the claim. If the debtor does not respond to the notice, the next step is to initiate the enforcement proceedings, and it is a prerequisite for the proceedings in the enforcement court that the creditor has a foundation in the form of a judgment, enforceable instrument of debt etc. The purpose is to have the enforcement court enforce the claim by making disbursements in the debtor’s cash or property. Disbursements in real estates can be used by the creditor to start sale by order of the court proceedings.
If the debtor is unable to pay, and doesn’t own any properties of any worth, the options to enforce the claim are exhausted and the creditor may choose to close the case or to postpone the case for some time. If the creditor postpones the case, it can be brought before the enforcement court every 6 months, in which case the limitation period of 20 years starts over.
– Average length of time to collect?:
The average length of processing time in court and enforcement court is 9-12 months in all, depending on the complexity of the case.
– Can late payment fees / interest be added to claims?:
Upon recovery of claims, interest can be added pursuant to the Interest Act. Also collection and litigation costs as well as late payment fees can be added.
– Details on legal service / legal process in Greenland:
There are a number of law firms in Greenland that offer legal assistance and counselling. Furthermore, it is possible to obtain legal advice through an independent legal aid institution which offers free and anonymous counselling.
The Greenlandic legal system is based on the principle that everyone has the right to a fair trial and to be counselled, defended and represented, just as the individual has the right to go to court without the assistance of a lawyer.
All civil proceedings start in the Court of Greenland and can be appealed to the High Court of Greenland.
There are many unique requirements to recovering international debts in all countries including Greenland 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 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.