Articles
Late Payments
According to European Payment Index, 2005, suppliers in Portugal, France and Belgium send the highest number of reminders before commencing legal action. The first stage in any collection process is to issue a final notice to the debtor whereby debtor is requested to pay the principal amount (...)
20.02.2007 | Sergio Catarino | Read more »
Legal Debt Collection
The first stage in any collection process is to issue a final notice to the debtor by registered mail with return receipt requested, whereby debtor is requested to pay the principal amount together with any legal or agreed interest penalties at the current business rate (...)
06.07.2006 | Sergio Catarino | Read more »
Insolvency
The insolvency proceedings can be initiated by the debtor or by his creditors. If the debtor initiates a legal proceeding he should give in details of his assets, including an evaluation, details of the claims and of the creditors, and a report stating the leading cause to the initiation of the proceedings of insolvency(...)