Receivables management

Efficient receivables management for businesses of every size

Liquidity is the foundation of business success. Outstanding receivables tie up capital, increase administrative effort and can cause considerable economic risk.

For over 70 years we have supported businesses of all sizes in the professional enforcement of their receivables. From individual payment arrears to the ongoing management of larger receivables portfolios, we develop economically sensible and practical solutions for our clients.

Handling bad debts yourself often takes considerable time and cost. At the same time, debtors do not always treat out-of-court payment demands from the creditor with the seriousness required. This makes professional receivables management all the more important, one that takes legal, economic and tactical considerations equally into account.

In doing so, we deliberately differ from debt collection agencies. Our aim is the individual realisation of your receivables, taking into account your economic interests and your business relationships.

Instructing our law firm has the advantage that a lawyer is entrusted with enforcing your claim from the outset. This means there are no additional costs for first engaging a debt collection service provider.

The specialisation of our staff and lawyers in receivables management, together with their handling of a large number of proceedings, enables efficient and targeted enforcement of your receivables.

Not every receivable should be pursued at any price. Besides the legal position, we always consider the economic prospects of success and work with you to develop the right strategy.

What we do for you

We support you in particular with:

• out-of-court payment demands and dunning procedures;
• applying for payment orders and enforcement orders;
• enforcing claims in court proceedings;
• concluding and drafting instalment payment and settlement agreements;
• securing receivables by attachment orders, preliminary injunctions and security mortgages;
• attachment of bank accounts, receivables and wages;
• instructing bailiffs;
• obtaining permissible information from third parties, for example on employers or bank details;
• registration of compulsory mortgages;
• enforcement of eviction orders;
• monitoring receivables for which an enforceable title exists;
• advising creditors on insolvency law questions, in particular on registering and enforcing receivables in insolvency proceedings and on assessing insolvency-related default risks.

Preventive receivables management

The best receivable is the one that never defaults in the first place. That is why we advise businesses even when they are drafting their contract terms, payment arrangements and security mechanisms. Legally sound contract drafting can reduce default risks and considerably improve the later enforceability of receivables.

You will receive a clear overview at all times of the status of proceedings, the prospects of success and the costs involved.