Macedonia Debt Collection – 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.
– Location of office in Macedonia:
– Number of staff :
5 Attorneys at law
– How long been operating in Macedonia:
-What type of debts do you recover?
Both commercial (B2B) and consumer (B2C) debts
– Statute of limitation in Macedonia:
Claims shall become time barred in five years.
Mutual claims of contractual parties arising from contracts for exchange of goods and services become time barred within a period of three years.
The claim of rent becomes time barred within a period of three years.
A claim of compensation of damage becomes time barred in a period of three years after the damaged party has found out about the damage or the party causing the damage. In any case this claim becomes time barred within five years after the damage has been caused.
– How EU laws effect debt collection in Macedonia?
European laws are effective only if Macedonia is a signatory and has ratified them.
– How many company registries in Macedonia for businesses? (i.e. UK just has 1 central registry)
One Central Registry
– What is the collection process in Macedonia?
The collection process usually starts with sending warning letter to the debtor and startling negotiation for out of court settlement of debt. In case, the debtor agrees with the terms and conditions proposed by the creditor, is to be prepared an Out of court agreement for settlement, signed by both parties. In case not to be achieved out of court agreement for settlement of the debt, the creditor has a right to initiate a court procedure in front of the competent court and after bringing the final and effective decision for the case the debtor does not react positively, the creditor can initiate an execution procedure for debt collection in front of the competent executor.
– Average length of time to collect?
Approximately 3 (three) years
– Can late payment fees / interest be added to claims?
Yes they can be added.
– Details on legal service / legal process in Macedonia:
The legal services is to be initiated by side of an authorized person/attorney at law with submitting an appropriate power of attorney
In the extrajudicial debt collection procedure it can be agreed recovery of the debt to be with or without interest, dependently of the consensus achieved by the both sides. In the execution procedure the recovery of the debt is always with interest.
There are many unique requirements to recovering international debts in all countries including Macedonia 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.