Debt Collection in Monaco
Debt collection in Monaco does not have to be a complicated process. With Bierens by your side, we can help you overcome the language, cultural and legal differences that arise when dealing with debt collection in Monaco. As specialists in international debt collection, our experts can tell you everything you should know when dealing with cross border collections and foreign debtors to successfully recover your payments. Because we start cases in the extrajudicial phase on a No Cure No Pay basis, you receive the quality of a debt collection lawyer at the price of a regular debt collection agency in Monaco. Find out everything you should know for a successful debt recovery in Monaco.
How can I transfer my debt collection in Monaco
Starting a debt collection in Monaco is fast and simple. You can upload your claim via our online transfer form. All you must do is enter some details on your organisation, your debtor’s company and relevant documentation or invoices. You can then upload your case through a secure network here.
How will you pressurise my debtor in Monaco to recover my outstanding invoice?
We are committed to resolving your debt collection in Monaco as quickly as possible. Once you have submitted your case, we will do everything we can to contact your debtor in Monaco. We ensure to have your debtor approached by phone and in writing in French.
As the leading cross-border debt collection law firm, we have access to global business databases and credit reports. Within these databases, we can view your debtor’s credit status, determine why the invoice was not paid and refine our strategy accordingly.
Can you accept my debt collection in Monaco based on No Cure No Pay?
In principle, yes, we can! Our starting fee for No Cure No Pay for debt collection in Monaco is €150. Our aim is to collect the additional interest and costs from your debtor; however, this depends on the nature of your case. With No Cure No Pay debt collection in Monaco, you can expect the following:
- Customised approach for your debt collection in Monaco
- Personal contact with your caseworker
- Personal contact with your debtor by phone
- Customised demand letters and written communication in French
- Access to the largest national and international B2B debt collection databases
- Real knowledge of local business cultures and payment behaviour
- Knowledge of international judicial procedures
- Honest advice if legal action is necessary
How can I track the process of my debt collection in Monaco?
You can follow the correspondence with your debtor in Monaco via our web portal 24/7. In addition, your caseworker will always contact you by phone or in writing to keep you informed on the progress of your debt collection in Monaco.
“Bierens is a highly effective and professional partner. Not only do they have a good debt collection procedure, they also give solid advice.”
Manuel Maas, Eneco
What if I want to continue my long-term relationship with my debtor in Monaco?
In some cases, recovering your payment by deploying extensive measures may not be the most suitable course of action. We understand that with certain customers, it is important for your organisation to maintain a long-term relationship. Because the debt collection specialist or lawyer assigned to your case is familiar with the local culture and business customs, we can deploy a customised approach that is suitable for maintaining a strong business relationship with your trading partner. When transferring your case, you can always make a note of this.
We have collected debts for over 24.000 companies all over the world
Which legal measures can you take?
Almost 95% of the cases that we solve, can be collected without any court intervention. However, if your debtor in Monaco still does not pay, then we can initiate legal proceedings. These come with their own set of complex challenges. For example, some of the questions that are important to consider are:
- Which rules and regulations are applicable for my debt collection case?
- Which country do you have to litigate?
- Which law is applicable?
- Which legal procedures are applicable for my debt collection case?
- What is my limitation period?
Our international debt collection lawyers and your assigned caseworker can help you further and explain everything you need to know for a successful debt collection in Monaco.
What are the benefits of hiring Bierens Debt Recovery Lawyers?
- Specialists in international debt collection
- Knowledge of local customs and business traditions
- No Cure No Pay debt collection in Monaco
- High-quality ISO certification (27001 and 9001)
- 24/7 access to our online portal
How long will I have to wait for my payment from my debtor in Monaco?
The duration of your debt collection in Monaco depends on the complexity of the claim. In most cases, it can take several weeks to retrieve your payment for a regular debt collection case. Our debt collection lawyers will always keep you up to date.
Free advice from the best debt collection specialists
Start your debt collection in Monaco with a consultation
When dealing with debt collection in Monaco, you can count on Bierens. While our experts find the solution you need, you can resume business as usual. We can help you with the following situations:
- Delivered goods or services are not paid for
- Purchased goods or services are not delivered
- Money loans are not paid for
- Advice on improving your debtor management
- And much more
If you prefer to speak directly with a debt collection specialist, feel free to contact us by phone at +44 (0)20 3808 5878.