debtcollection - Payward Auction

PAYWARDAUCTION

Where are us - LUXEMBOURG

Where are us - SPAIN

International law firm and specialized entity

Payward Auction
International Law Firm and Specialized Entity

142 Bd de la Pétrusse, 2330 Gare Luxembourg

Payward Auction
International Law Firm and Specialized Entity

142 Bd de la Pétrusse, 2330 Gare Luxembourg

Payward Auction
International Law Firm and Specialized Entity

Calle de Génova, 21, 28004 Madrid

Payward Auction
International Law Firm and Specialized Entity

Calle de Génova, 21, 28004 Madrid

WhatsApp: +12292007370

info@paywardauction.com

Debt collection in Spain

WhatsApp: +33745583037

WhatsApp: +34631716668

How does debt recovery in Spain work? The main steps for debt collection

How to collect a debt in Spain? There are two mechanisms for debt recovery in Spain: out-of-court and in-court. The vast majority of creditors operate debt collection in Spain by contacting the debtor before initiating any type of legal proceedings, in order to try to reach an agreement and settle the debt.

Defining The Strategy for Debt Recovery in Spain

Once the team are agreed on what the facts are and the available remedies (both pre and post legal), to initiate the procedure of debt collection from a debtor in Spain, we will agree on how we will approach the debtor, the type of communication, to whom it will be addressed.

For example, this might take the form of a straight forward recovery process or it might take the form of reaching out to start a dialogue in a more “dispute resolution” type of approach.

So as there are many different options for debt recovery in Spain, it is important to define the strategy and get it right from the outset. It is also really important that the strategy reflects the potential legal action which might occur in the future.

As lawyers specialized in legal and accounting advice, we will always make the best decision for our clients.

Receiving Payment in Spain

Usually, once Paywards has set out the case as to why the debt is owed, providing the debtor has funds and realises that if it doesn’t pay then the consequences of legal action would potentially impact its business, the debt is paid.

It can take time to arrive at this point, the Lawants team are patient and resilient realising that sometimes debtors have good reasons why they can’t pay.

Other Services

LITIGATION & DISPUTE RESOLUTION

Our passionate team has an extensive experience in providing legal assistance in Asset Recovery, Fraud, Insolvency, Civil & Commercial cross-border disputes, Debt Collection, and Enforcement matters. By means of a complete and exhaustive case analysis, we define the legal strategy to be followed to achieve the best possible result for our clients.

ASSET RESEARCH AND INVESTIGATION IN SPAIN

PAYWARD has extensive experience in the practice of Asset Research, Investigation & Recovery in Spain. Our skills in locating and tracing assets in the pre-litigation phase allow us to determine beforehand the feasibility of initiating legal proceedings and to define the best litigation strategy to be followed,

DEBT COLLECTION IN SPAIN

There are two mechanisms for claiming a debt in Spain: out-of-court and in-court. The vast majority of creditors contact the debtor before initiating any type of legal proceedings. In order to try to reach an agreement and settle the debt.

ENFORCEMENT

PAYWARDS is also a leading firm in the enforcement of foreign judgments in Spain and provisional measures granted by foreign courts, such as worldwide freezing orders. When enforcement is needed, our team can offer you a highly specialized legal assistance. We represent our clients in complex enforcement proceedings, ensuring the protection of their claims and focusing on obtaining the recovery of their debts.

INSOLVENCY

PAYWARDS offers not only significant and consolidated experience and expertise in insolvency proceedings, but also professional advisory services to both individuals and companies that find themselves in situations of liquidations and corporate restructuring.

CROSS-BORDER DISPUTES

At PAYWARDS we have consolidated experience in complex cross-border litigation connected with Spain. By having a wide network of collaborators in different countries and being part of professional associations with international presence, we can provide legal assistance to our client in practically all jurisdictions, offering them a complete legal advice.