At LegalMasters.bg, we take creditor protection very seriously. We understand how delayed payments can create difficulties for every working business or accurate individual creditor. That is why when it comes to debt collection we offer extensive legal protection to citizens and businesses in the following directions:
- Study of the debtor’s property – we carry out thorough checks and provide an opinion on the possibilities of debt collection. Upon assignment by the creditor, we may also take specific actions for out-of-court collection of the receivable;
- Collection of receivables in court – we initiate legal proceedings for monetary claims based on written agreements or invoices issued. When a risk exists, we always take action to secure the claim in advance. This is done through the attachment of funds to the debtor’s bank account, foreclosure of property, or another appropriate way for the future satisfaction of the claim. This approach often provides satisfaction even before the development of the court case. This saves time and money for our clients.
- Initiate and conduct an execution – if you already have a writ of execution, we may initiate an executive process with a bailiff and take steps to effectively recover the receivable.
- Creditor protection within insolvency proceedings. Depending on the specific circumstances and the creditor’s interests, we assist in initiating insolvency proceedings against the debtor. If such proceedings have already been instituted, we take action on lodging claims, representing clients in proceedings to contest claims and ensuring division and distribution of the debtor’s property are made in compliance with the law.
How we work:
Contact us by mail or phone or request the relevant service from the “Creditor – Debtor” category, providing us with the necessary information about your case. We contact you within one working day. We clarify all facts and circumstances and send you an offer/a quote for the legal service. If you accept the offer, we conclude a contract and start working on your case.
Useful: In the “Calculators” section of the website, you can easily calculate the fees for legal proceedings, as well as the fees for the private bailiff.