New International Debt Collections Handbook for Decision-Makers in International Collections Out Now
31/08/2010 20:28
PR Newswire
AMSTERDAM, August 31, 2010 /PRNewswire/ -- Atradius Collections, the global expert in domestic and international
debt collections, releases the latest edition of the International Debt
Collections Handbook. The International Debt Collections Handbook is an
essential tool for businesses making decisions on international collections,
as well as for any employee working in credit management.
International debt collection and country-specific legal systems create
challenges that affect business. The International Debt Collections Handbook
explains the diversity and complexity of country-specific debt collection
approaches, offering an immense amount of detail. In total the handbook
covers 26 countries and covers the different stages of amicable settlement,
financial regulations around collections, legal proceedings and insolvency
procedures.
With this essential information many companies may even approach their
business overseas entirely differently. "Debt collections and insolvency
cases can take years in some countries and tie up resources," says Rudi de
Greve, Executive Manager Operations from Atradius Collections. "A civil
lawsuit for collecting debts in Italy, for example, may take up to four
years. For many companies having to wait for this long period in order to
collect can threaten their survival. Having access to this kind of
information early on can help businesses make better decisions and even opt
for a different route than the seemingly straightforward judicial one."
"Companies need to know what to expect when dealing with collections in a
foreign country," says Rudi de Greve. "There are also great differences in
handling insolvencies. Looking at the UK there is often little hope for
settling outstanding debt and receiving monies owed, especially when smaller
amounts are involved. In Germany, on the other hand, the effort is made to
pay out all creditors evenly after liquidation."
With levels of insolvencies peaking in most markets in the past year,
maintaining and protecting cash flow is key for all businesses. Having
knowledge of amicable collections as well as the country-specific legal
phases surrounding collections is therefore vital for survival in challenging
times. Only with local expertise can businesses ensure they are following a
professional and successful approach. The Handbook will prove especially
useful to organisations lacking in-house resources in international
collections or credit management.
The International Debt Collections Handbook can be downloaded at
http://www.atradiuscollections.com.
About Atradius Collections:
Atradius Collections, a business unit of Atradius Group, provides
efficient, quick and flexible solutions to recover domestic and international
trade debts. With a global network of collections specialists, lawyers and
insolvency practitioners worldwide, Atradius Collections serves over 14,000
customers handling on average 100,000 cases a year. Over 80 years of
worldwide credit management industry experience uniquely position Atradius
Collections as a global leader in business-to-business debt collections.
For more information, please contact: Corinna M. Lohse, Corinna.Lohse@atradius.com , Phone: +31(0)20-553-3028.
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