Debt Collection Monaco

Does your company have to deal with a debt collection case in Monaco because a French customer does not pay your invoice? Our debt collection specialists and attorneys will be happy to help you. We ensure that your outstanding invoice is paid quickly.
Read here what we can do for you if you want to engage a debt collection agency in Monaco.
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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. Find out everything you should know for a successful debt recovery in Monaco.
Submit your case before 4:00 P.M. and we will act today!

What are the benefits of hiring Bierens Collection Attorneys?

  • Specialists and attorneys in European debt collection
  • Knowledge of local customs and business traditions
  • Debt collection on a contingency basis
  • High-quality ISO-certified (27001 and 9001) services
  • 24/7 access to our online portal

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. Our international debt collection attorneys have extensive experience and knowledge of legislation and regulations in Monaco. We ensure to have your debtor approached by phone and in writing in French.
As a 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 on contingency basis?

During the extrajudicial phase, we work based on a contingency fee. That means our fee is directly proportional to the amount we recover. We also aim to recover the interest and collection costs from your debtor as much as possible in order to maximize your profits.
In the highly unlikely event that we do not collect anything, you will not have to pay us any fees. You can find a full overview of our fees on our fees page.
With our contingency-based debt collection in Monaco you can expect the following:
  • Customized approach for your debt collection in Monaco
  • Personal contact with your caseworker
  • Personal contact with your debtor by phone
  • Customized demand letters and written communication in French
  • Comprehensive understanding of local business culture and payment behavior
  • Knowledge of international judicial procedures
Submit your case before 4:00 P.M. and we will act today!

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 organization to maintain a long-term relationship. Because the debt collection specialist or attorney assigned to your case is familiar with the local culture and business customs, we can deploy a customized 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

Rated 8.9 / 10 | 1188 reviews

Debt collection in Monaco

The debt collection process in Monaco can be divided into two stages. During the extrajudicial phase, collection takes place without Court intervention. During the judicial phase, we do involve the Court in order to make your Monaco debtor pay. Because we are a law firm, we can assist you during both stages. In Monaco, 95% of the cases that we solve, can be collected without any court intervention.

Extrajudicial debt collection in Monaco

In principle, we always start the debt collection process with the extrajudicial phase. At this stage, we try to prevent Court intervention, as this can be expensive. We will contact your debtor to demand payment.  In specific cases, we will also engage in a face-to-face conversation with your debtor in Monaco. If the debtor does not pay within a set period of time, we can commence legal proceedings on your instruction. Announcing legal proceedings often convinces your customer in Monaco to pay.

Judicial debt collection

If your debtor in Monaco refuses to pay during the extrajudicial phase, after discussion with you, we can go to Court in Monaco . We will always provide you with information in advance regarding the likelihood of success in your debt recovery matter. We will also inform you in advance about the potential costs, and we only proceed with your permission.

European order for payment proceedings:

  1. In the event of an undisputed claim between two parties based in EU Member States (except Denmark), it is possible to commence European Order for Payment proceedings. The attorney handling your case can assess whether this kind of procedure is suitable in your case.
  2. For European Order for Payment proceedings, the creditor usually completes a standard form and submits this to the Court. The Court then issues a European Order for Payment. The debtor then has 30 days to state whether they object to the claim. If there is no response within the 30-day period, you may ask the Court to make the order for payment final (called a “declaration of enforceability”). This is a valid and enforceable judgment which is accepted in any Member State (except Denmark). The European Order for Payment is never appropriate for disputed matters (so not in cases where there is an argument about the invoice). The advantage of this procedure are speed and low costs. 

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  • Fast solutions for your cases
  • Real measures to recover your payments
  • The best results for the lowest costs

Start your debt collection in Monaco today!

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

If you prefer to speak directly with a debt collection specialist, feel free to contact us by phone at +1 929-202-4352.

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  • Fast solutions for your cases
  • Real measures to recover your payments
  • The best results for the lowest costs

Find out how we have helped other clients with international collections including debt collection in Monaco

From simple debt collection cases to complex legal matters, from small businesses to multinationals across different industries, our specialists have assisted over 24.000 companies worldwide, including Monaco. Find out how our international specialists and lawyers have helped other companies in a similar situation and find the solution for debt collection in Monaco.
From months of silence to immediate payment within days
A not so absent managing director
€30.000,- is no chicken feed!

Frequently asked questions about debt recovery in Monaco

How does debt collection work in Monaco?

Debt collection in Monaco always starts in the extrajudicial phase where we send your debtor customized demand letters and contact them by phone. If your debtor disputes the claim or fails to respond, then we can proceed by taking legal action in consultation with you.

How will you recover my debt in Monaco?

We will always contact your debtor by sending an initial demand letter, which we also follow up with a phone call. That way we avoid any form of miscommunication. Our approach is always firm and respectful, and you will always be informed of the status of your case.

What are the costs for debt collection in Monaco?

We handle all out-of-court cases on a contingency fee basis, also for debt collection in Monaco. We aim to recover the principal amount including interest and costs from your debtor. If we do not collect, then you pay no fee. If you decide to take legal action against your debtor, then we move to an hourly or fixed fee. We do not have any hidden costs and will always consult you before proceeding with any kind of legal action.

How long does an average debt collection procedure in Monaco?

This depends on each situation and debtor. We always start in the amicable debt collection phase. This process takes a relatively short time because we provide your debtor with limited time to complete the payment. When starting your case, your case worker will provide an estimate of the duration of your case. Should your debtor fail to respond, then our specialists and lawyers can provide you with an expected outcome or course of action within 4 weeks. If legal proceedings are necessary, the debt collection process takes longer. The duration depends on the legal proceedings and on whether the debtor raises a defence.

What chances do I have for successful debt recovery in Monaco?

The chance for a successful recovery depends on the nature of your debt collection case. We solve 95% of all cases on a contingency basis. Our specialists and lawyers always do their utmost to ensure to collect your claim as fast and efficiently as possible. We always make sure to give you honest and practical advice that will deliver you the best results.

When is a debt collection case taken to court?

Our preference is to collect your claim without court intervention. Therefore, we always start a collection in the amicable phase. If this has no effect, then we will discuss your judicial options with you. We will never intiate court proceedings without your explicit consent.

How much does it cost to go to court?

The court fees depend on the value of the claim and the country in which litigation takes place. In some cases, the amount is fixed, but it may also depend on litigation procedure.

How long do legal proceedings take in Monaco?

The duration of legal proceedings in Monaco depends on the complexity of your case and ON whether your debtor raises a defence.

How long before a debt is written off in Monaco?

Payment claims in Monaco have a limitation period that differs compared to other countries. There are, however, several ways to interrupt this limitation period. For more information, it is best to contact our specialists.