What bulk debt management means
Consistent management of a large number of similar overdue claims under a predefined process. Every matter follows the same documented path with traceable deadlines.
Debt management
Bulk debt management
Consistent, documented and traceable legal management of a large number of overdue claims for businesses.
Who it is for
Businesses that regularly have many smaller debts involving numerous customers, including service providers, landlords, education and healthcare providers, webshops and condominium managers.
Process steps
Data transfer and clarification, verification of the legal basis, demand for payment, settlement offer, payment-order proceedings, litigation where necessary and enforcement. The outcome of every stage is recorded.
Data transfer and processing
The claim list is transferred through a secure channel in an agreed format. The purpose, legal basis and retention period are recorded in writing, and data are processed solely for the recovery process.
Reporting and transparency
Regular reports cover each matter’s stage, amounts recovered, settlements and claims classified as unrecoverable. Data can be exported for accounting.
Fees
Fees reflect volume and process depth and combine a base fee with a success fee under pre-agreed terms. Recovery depends on debtors’ ability to pay, so no result is guaranteed.
How to begin
The first step is to review a sample list and documents proving the legal basis. I then prepare a written process proposal and fee quote; the first round starts after engagement.