EFFECTIVE DEBT RECOVERY SERVICE

Van Phuc Loc Law Firm has more than 10 years of experience in debt collection for businesses and individuals.

ARE YOU HAVING A HEADACHE WHEN COLLECTING DEBT?

The debtor does not cooperate

For many reasons, the debtor does not cooperate such as: Inability to repay debt, unwillingness to repay debt, unwillingness to face creditors, not understanding the legal risks of debt.

The debtor evades

Some debtors may evade creditors by changing addresses, phone numbers, or even running away.

Lack of legal basis

In some cases, creditors may face difficulties in collecting debts due to a lack of legal basis. For example, the parties only agree orally, without papers.

Lack of experience and legal knowledge

Many creditors do not have the experience and legal knowledge of debt collection. This can make the debt collection process more difficult and expensive.

Unauthorized debt collection

Many creditors have confiscated the debtor’s assets on their own to pay off debts or hired illegal rental debt collection services, causing injury to the debtor, leading to the creditor being criminally prosecuted for forfeiture of property, intentional injury, etc.

STAGES OF DEBT COLLECTION IN VIET NAM

The law does not have separate regulations on the order of debt collection but is still the same as the usual types of paintings as prescribed in the civil code, commercial business law, etc. In general, the provisions of the law still have many obstacles and inadequacies, making it very difficult for creditors to collect debts. Many times when the debt is lost, the creditor becomes entangled in jail. Below, VPL offers a debt recovery process that combines negotiation and the use of legal tools to collect debts legally, quickly and effectively.

Stage 1: Classification of debtors

Enterprises should classify debtors into two groups: Important debtors and debtors that can terminate cooperation. The classification of debtors is an important step for enterprises to effectively manage debts. At the same time, it helps enterprises determine the importance of each debtor, thereby offering appropriate handling measures.

For important debtors, enterprises need to keep a good relationship, and at the same time find out the reasons why debtors are late in paying debts. From there, enterprises can offer appropriate solutions to support debtors to pay debts on time.

For the group of debtors who can terminate cooperation, enterprises need to be tougher in debt collection.

Stage 2: Selection of debt collectors

First, enterprises should choose someone who is directly interacting with the debtor before collecting debts. This person has the advantage of understanding the debt and understanding the debtor. From there, they can choose the right approach to persuade the debtor to repay the debt.

For customers who are not willing to pay debts, enterprises transfer debt documents to specialized debt collection departments or hire law firms. The law has prohibited rental debt collection services, so enterprises do not use the services of rental debt collection companies of a gangster nature to avoid legal risks.

Stage 3: Negotiations

To save time and costs, businesses should do well in the negotiation stage to settle the debt. Here are the steps businesses need to take in the negotiation and negotiation stage.

Negotiation preparation: Research and evaluate documents, find out the debtor’s situation in terms of financial situation, business activities, assets. Set negotiation goals: Enterprises need to clearly define the objectives of the negotiation, such as recovery of the entire debt, recovery of part of the debt, interest, fines for violations …
Contact the debtor: Make phone calls, send texts, emails to make an appointment directly with the debtor. Create sympathy with the debtor: Negotiators need to show a professional attitude and goodwill to create sympathy with the debtor.
Visitation: Gentle reminder and sympathy for debtors’ delays. Businesses can extend specific payment periods.
Reminder: The enterprise requires the debtor to cooperate to settle the debt by negotiation method. However, enterprises should still show goodwill and trust that the debtor will fulfill payment obligations.
Negotiation: Enterprises need to use negotiation skills to persuade the debtor to repay the debt.
Agreement signing stage: If the negotiation is successful, the enterprise and the debtor will sign an agreement on the debt. This agreement needs to be in writing and contain all necessary contents.

Stage 4: Dispute Resolution

If the parties fail to reach the negotiated results, the creditor may apply dispute settlement measures, such as mediation centers, arbitration centers, initiating lawsuits in court according to the previous agreement of the parties.

Stage 5: Execution Request

The creditor submits a dossier requesting the civil judgment enforcement agency to enforce the arbitral award, decision or court judgment to recover the debt.

WHY CHOOSE VPL?

Expertise and experience

VPL’s lawyers are highly qualified and experienced in the field of debt collection. A lawyer will help you collect your debt efficiently and lawfully.

Save time

Debt collection goes through many stages over a long period of time, making you tired of letting go of the debt. The ability of VPL will help shorten the resolution time.

Reasonable cost

VPL always understands that debt collection is something no one wants. Therefore, VPL always considers making the most reasonable fee for customers.

Keep good relations with customers

VPL will represent you to work with debtors and competent authorities. Saves you from having to face the debtor yourself. VPL always strives to keep your profile information confidential so as not to affect your business operations.

Prestige and dedication

With 10 years of providing services, VPL is always highly appreciated by customers for the dedication and professionalism of lawyers in the process of providing debt recovery services.

There is a wide selection of services

Depending on your needs, you can choose from a number of services provided by VPL: negotiation and negotiation, debt reminder notice of lawyers, lawsuits, judgment enforcement requests…

SERVICE FEE QUOTE

The debt recovery service fee is calculated based on many factors: where the debtor is, whether the debt is clear, whether there are legal documents, the attitude of the debtor, the financial ability of the debtor. Below VPL offers the most general report for customers’ reference. Note that VPL will quote accurate prices for each customer’s specific profile. The debt recovery service fee consists of 2 items: (1) lawyer’s remuneration is a fixed fee payable by customers; (2) Rewards for successful debt collection.

(1). LAWYER REMUNERATION

Giai đoạn công việc	Job Description	Thù lao
Giai đoạn đàm phán	VPL represents the debtor, conducting negotiations on the payment of the debt. In case the debtor does not cooperate in negotiating, the lawyer shall issue a written reminder of the debt.	Từ 10 triệu đồng
Giai đoạn xét xử sơ thầm	VPL receives an authorized representative to participate in the settlement on behalf of the client during the first-instance proceedin	Từ 20 triệu đồng
Giai đoạn xét xử phúc thẩm (nếu có)	If one of the parties appeals the first instance judgment, VPL represents the client in the appellate proceedings.	Từ 10 triệu đồng
Giai đoạn thi hành án	VPL receives an authorized representative on behalf of the client to request the civil judgment enforcement agency to carry out the execution of the decision or judgment.	Từ 20 triệu đồng

(2). REWARDS FOR SUCCESSFUL DEBT COLLECTION

Rewards for successful debt collection are calculated as a percentage of the debt paid by the debtor to the client. Customers only pay VPL upon receipt of payment from the debtor.

Debt from 200 million dongs or more: Successful bonus is 15% of the amount recovered.
Debt from one billion dongs or more: Successful bonus is 8%-14% of the amount recovered.
Debt from three billion dongs or more: Successful bonus is 3%-7% of the amount recovered.