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Managing international debt collection in the United States is unlike anywhere else. The U.S. operates under a dual legal framework that governs debt recovery: the federal Fair Debt Collection Practices Act (FDCPA) and a complex web of state-specific regulations. For any non-U.S. Credit Manager, understanding this system isn’t optional—it’s essential to avoid compliance risks, financial […]

Doing business in Spain can be a great opportunity, but what happens when a client doesn’t pay? Understanding the Spanish legal and commercial landscape for debt recovery is crucial, especially for exporters. This post will walk you through the key aspects of amicable and judicial debt collection in Spain and how they compare to the […]

Doing business in Italy can be a great opportunity, but what happens when a client doesn’t pay? Understanding the Italian legal and commercial landscape for debt recovery is crucial, especially for exporters. This post will walk you through the key aspects of amicable and judicial debt collection in Italy and how they compare to the […]

A winding up petition (WUP) is one of the most serious legal threats a company can face in the UK. Often seen as a creditor’s final step to recover unpaid debts, a winding up petition can quickly result in compulsory liquidation and the closure of a business.

Hello Sekundi.eu readers! Are you a financial director, credit manager, or debt collection agency dealing with international debt recovery? Then you’re probably aware of how challenging and complex it can be, especially when navigating a foreign legal system. In the UK, the process is governed by a strict set of rules, and understanding them is key […]

In the world of international commerce, late payments and unpaid invoices are a universal challenge. However, the process of recovering these debts can vary significantly from one country to another. For businesses with outstanding claims in France, understanding the legal landscape is not just a benefit—it’s a necessity.  At Sekundi, we specialize in navigating these complexities […]

Debt collection is essential but sometimes complex for companies, especially when operating internationally. Germany, an economically efficient country, has a number of specific features that you need to be aware of in order to deal properly with local debtors. Sekundi presents the main features of German debt collection, as well as effective strategies for dealing […]

For a business operating internationally, assessing the solvency of foreign clients is of crucial importance. While obtaining information about the solvency of domestic companies is relatively straightforward, it becomes more complex when dealing with foreign entities. It is essential to note the existence of “International Credit Reports,” documents that provide information about individuals or businesses […]

These guidelines have been prepared to provide an overview of how open/unpaid international claims in Autria against companies, but also private individuals/consumers, can be efficiently and effectively enforced. The following criteria must be generally observed Statute of limitations for claims in Austria The statute of limitations in Austria, which applies to all claims arising from […]

To provide you with all the information and advice you need about collecting your invoices, we have asked our partners to produce a practical guide to debt collection in Switzerland. In Switzerland, debt collection is governed by the Federal Law on Debt Collection and Bankruptcy (SchKG). This law allows creditors to initiate debt collection proceedings, […]

GS has a specialized debt collection in Spain, both nationally and internationally. We have partners all over the world as member of the international SEKUNDI network to help you recover your debts. As in many European countries, debt collection in Spain consists of two distinct phases. An out-of-court phase known as amicable debt collection. A […]

In order to provide you with all the information and advice you need to collect your invoices, we have asked each of our partners to provide you with a guide to effective debt collection in their country. Today we look at debt collection in France for a creditor abroad (Europe or outside Europe). Advice on […]

As a first step, an official warning letter will send to the debtor. If there are no response from the debtor, in the first stage of the debt collection procedure in Croatia, the creditor commences the appropriate execution procedure by forwarding to the debtor the so-called Motion on the Execution Based on the Reliable Documents (reliable documents […]

This guide has been designed to provide you with essential information and practical advice on the debt recovery process in Italy. Whether you are a business or an individual looking to recover debts, this guide will take you through the key stages of debt recovery in Italy, informing you about the relevant laws and regulations, […]

Sekundi’s network of international debt collector professionals solves this problem efficiently. Pappila Penkkala Group Oy is the only Finnish member of the organization. Debt recovery from a foreign country can be a frustrating experience. In Finland, our debt recovery service works by first sending a note of complaint. If this doesn’t work, a collection letter […]

KPAG Kosmidis & Partners Law Firm approaches each case carefully and chooses the fastest and most cost-effective way to secure debt recovery. Our team starts the extrajudicial recovery proceedings by sending a written demand of payment to the debtor by First Class recorded delivery, followed by phone calls. In certain cases, the demand of payment […]

At first an important aspect for debt collection in Switzerland: unlike many other countries in Europe in Switzerland it is not allowed to put the debtor in account for the cost if the debt collection service providers. The have to be adopted completely by the creditor. Procedure of BURG Inkasso AG : Receiving a collection order […]

Read our comprehensive guide to debt collection in the UK to understand all the steps involved in international debt collection in the UK. Pre-action protocols explain the conduct and set out the steps the court would normally expect parties to take before commencing proceedings for particular types of civil claims. Objectives of pre-action conduct and […]

Debt collection as a separate industry is a new concept in Turkey.  Until the 1990s, it has been only the law firms who were involved in collections with the notion of administrative follow-up (idari takip) by hiring young people who are not lawyers but capable of negotiations. With the development of debt purchase industry in Turkey […]