Debt collection in The Netherlands

Debt collection in The Netherlands

Debt recovery in The Netherlands

Nearly every company survives on its turnover. If too many invoices go unpaid, a company can go under. This means that collecting outstanding invoices has to be handled carefully. This means the right timing, as well as the right tone. Whether or not the debtor concerned claims that he cannot or does not want to pay, professional debtors’ management can save heaps of trouble.

Debt collection law firm in Amsterdam

Our debt collection attorneys are very experienced in solving cases involving debts that are due and payable, in a cost-effective way. We can advise you on the best approach and strategy, and always tries to prevent problems. But, if necessary, we are not afraid to go to court.

Debt collection lawyer in The Netherlands

If you transfer your claim or accounts receivable portfolio to an AMS debt collection attorney, you know that you are handing over to an experienced debt collection attorney. When you hand over your claim, the debt collection process usually starts with a summons. This summons offers the debtor one last chance to pay his invoice – with interest and costs –. A summons is also called a notification of default. Depending on the agreements between you and your customer, law firm AMS calculates the exact statutory interest owed or the statutory commercial interest, and the extrajudicial collection costs owed. If the debtor fails to pay his debt, there are several possibilities.

Predjudgment seizure in The Netherlands

It has always been fairly easy in The Netherlands for a creditor, even before the court has ruled in a legal action that there is a (due and payable) claim, to have assets of his debtor seized. This is called a prejudgment seizure. After the court has ruled, granting the claim, the creditor can recover his claim from the seized property.

Debt recovery in The Netherlands

While a lawsuit ending in an awarding judgment may offer (a sort of) relief in way of recognition of your rights, what really matters in the end is whether or not the defendant will actually be able to pay its dues. Before spending a considerable amount of time and funds on court fees and lawyers costs, initiating a debt recovery investigation in The Netherlands might be worthwhile.

Compensation of collection costs

If a debtor wrongfully refuses to pay, and does not respond to a summons, judicial demand or notification of default, that debtor can owe, apart from the principal sum and the statutory interest, the extrajudicial collection costs.