When exporting environmental technology to Taiwan, ensuring timely payments is crucial for the success of your business. In this article, we will discuss a 3-phase Recovery System for Company Funds that can help you recover payments efficiently and effectively. By following these phases, you can navigate the process of recovering funds from debtors in Taiwan.
Key Takeaways
- Implementing a structured Recovery System can streamline the process of recovering company funds from debtors in Taiwan.
- Phase One of the Recovery System involves sending letters to debtors, skip-tracing, and attempting to contact debtors for resolution within the first 24 hours.
- Phase Two of the Recovery System entails forwarding the case to affiliated attorneys for legal action if initial attempts to resolve the debt fail.
- Phase Three provides options for either closing the case if recovery is unlikely or proceeding with litigation, with associated costs and rates for collection services.
- DCI offers competitive collection rates based on the number of claims submitted and the age and amount of the accounts.
Recovery System for Company Funds
Phase One
Within the first 24 hours of initiating Phase One, we spring into action. Our team dispatches the initial letter to the debtor and undertakes comprehensive skip-tracing to secure the most accurate financial and contact details. We leave no stone unturned in our pursuit to resolve the matter swiftly.
Our approach is multi-faceted:
- Daily attempts to reach the debtor through calls, emails, and texts
- Persistent follow-ups for the first 30 to 60 days
- A robust strategy combining traditional and digital communication methods
Should these efforts not yield the desired outcome, we seamlessly transition to Phase Two, engaging our network of affiliated attorneys to escalate the matter.
Our commitment is to resolve the issue promptly, ensuring that your environmental tech exports to Taiwan are not hindered by payment delays.
Phase Two
As we escalate our efforts in Phase Two, the focus sharpens on enforcement. Our affiliated attorneys, armed with the case details, initiate a series of targeted actions. First, a demand letter, bearing the weight of legal letterhead, lands on the debtor’s desk. This serves as a clear signal of our intent to recover what’s owed.
Simultaneously, the attorney’s team engages in persistent outreach. Phone calls and letters become the drumbeat of our pursuit, each contact a reminder of the debtor’s obligation. Despite these intensified efforts, some cases resist resolution. It’s at this juncture we prepare a comprehensive report, outlining the challenges and our recommended course of action.
Our commitment to recovering debts in the USA-Taiwan chemical industry trade is unwavering. The structured approach we’ve honed, complete with legal recommendations, ensures that enforcing payment terms in renewable energy exports to Taiwan remains a cornerstone of our strategy for financial stability.
If the impasse persists, we stand ready to transition to Phase Three, where decisive legal steps await. Our approach is methodical, our resolve unyielding. We navigate the complexities of international trade with a singular goal: to secure your company’s financial health.
Phase Three
At the culmination of our recovery efforts, we face a decisive moment. We assess the viability of recovery and provide clear recommendations. If prospects are dim, we advise case closure, sparing you further expense. Conversely, should litigation appear promising, a choice emerges.
You may opt to cease legal pursuit, incurring no fees, or empower us to persist with standard collection tactics. Choosing litigation necessitates upfront costs, typically $600-$700, based on the debtor’s location. These funds enable our attorney to seek full recompense through the courts.
Our fee structure is straightforward and competitive, rewarding successful collections with a fair percentage. The rates vary, reflecting the age and size of the claim, as well as the number of submissions.
Here’s a quick glance at our rates:
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For 1-9 claims:
- Under 1 year: 30%
- Over 1 year: 40%
- Under $1000: 50%
- With attorney: 50%
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For 10+ claims:
- Under 1 year: 27%
- Over 1 year: 35%
- Under $1000: 40%
- With attorney: 50%
Our approach is designed to navigate the complexities of debt recovery, ensuring your environmental tech exports to Taiwan are compensated timely and justly.
Ensuring the recovery of company funds is crucial for maintaining financial stability and growth. At Debt Collectors International, we specialize in providing tailored debt collection solutions that are simple, effective, and risk-free with our ‘No Recovery, No Fee’ policy. Our experienced team is ready to assist you across various industries, utilizing state-of-the-art skip tracing, dispute resolution, and judgment enforcement tactics. Don’t let unpaid debts affect your bottom line. Visit our website today to get a free rate quote and learn how we can help you recover what’s rightfully yours.
Recovery System for Company Funds
What is Phase One of the Recovery System for Company Funds?
Phase One involves sending letters to debtors, skip-tracing, contacting debtors via various methods, and attempting to resolve the matter within 30 to 60 days.
What happens if recovery is deemed unlikely in Phase Three?
If recovery is deemed unlikely, the case may be recommended for closure, and there will be no fees owed to the firm or affiliated attorney.
What are the options if litigation is recommended in Phase Three?
The options include proceeding with legal action by paying upfront legal costs or withdrawing the claim with no fees owed if legal action is not pursued.
What are the collection rates for accounts in Phase Three?
The collection rates vary based on the number of claims submitted and the age and amount of the accounts, ranging from 27% to 50% of the amount collected.
What actions are taken in Phase Two of the Recovery System?
Phase Two involves forwarding the case to an affiliated attorney, who will draft letters demanding payment and attempt to contact the debtor to resolve the account.
What happens if litigation fails in Phase Three?
If attempts to collect via litigation fail, the case will be closed, and there will be no fees owed to the firm or affiliated attorney.
