Corporate Debt Management & Collections

Fee Structure

Corporate Debt Collections (Consultation Per Hour)
Total : 10000/- INR

Corporate Debt Collection

Debt Collection is the process of pursuing payments of debts owed by individuals or businesses. Debt Collection organizations or agencies specialize in debt collection. Most collection agencies operate as agents of the creditor and collect debts for a fee or percentage of the total amount owed. Some Debt Collectors are debt buyers, these companies purchase debt at a fraction of its face value and then attempt to recover the full amount of the debt.

 Commercial Debts (B2B)                      

  1. Overdue Export and Import Bills                  
  2. Unpaid Service bills/Invoices                   
  3. Unreturned Advance payments / non-shipment 
  4. Breach of Contracts/ Sale & Service Agreement     

Consumer Debts (B2C)

  1. International Credit Cards
  2. International Hospital and medical bills
  3. Unpaid fees and rentals
  4. Unpaid bills/Invoices
  5. Overpaid salaries

White Code Corporate debt collection strategies:

Include tracking and verifying the address and the current status of the Debtors, following up with them regularly, and even arranging face-to-face discussions for an Amicable Settlement by following proven principles of negotiation. 

We do this by:

  1. Bringing Parties to the Negotiation Table.
  2. Identifying the problems.
  3. Establishing Facts.
  4. Clarifying Issues.
  5. Developing Options for Settlements.
  6. Ultimately reaching Agreement by getting written acknowledgment from the Debtor.
  7. Keep clients' relations intact.

 White Code Corporate Debt Collections Procedure:

1.Notices & Demands

  • Notice on adverse impact on Credit Rating with Credit Bureaus
  • Default Intimation Notice
  • Pre-Repossession Notice
  • Guarantor Notice
  • Loan Recall Notice
  • Conciliation Notice
  • Arbitration
  • Managing Entire Arbitration Proceedings from The Date Of Delinquency Till The Award Including:
  • Issue Of Demand Notice
  • Reference To Arbitrator
  • Conducting Arbitral Proceedings

2.Pre-Litigation LokAdalat/Mediation

  • Lok Adalat For Amicable Settlement Of Claim
  • Mediation Under Commercial Courts Act
  • Enforcement Of Interim Awards U/S 17 Of Arbitration Act
  • Filing For Application For Enforcement In Court/S
  • Conducting Attachment Process

3.Insolvency & Bankruptcy Code

  • Issue Of Demand Notice
  • Filing Of Application Before Tribunals
  • Filing Of Claims Before Resolution Professionals
  • Initiation Of Liquidation Proceedings.

4.Proceedings Under Negotiable Instruments Act

  • Issuing Notice
  • Initiating Criminal Complaints
  • Services Of Summons
  • Execution Of Warrants
  • Conducting Conciliation Camps

5.Execution of Awards and Decrees

  • Initiate and File Execution Application For Enforcement Of Final Award
  • Identify Borrower / Co-Borrowers / Guarantors, Moveable / Immovable Properties Belonging to Them
  • Negotiate with Borrower for Settlement
  • Attach the Properties Through the Bailiff/Court
  • Conduct Process of Sale Such as Valuation, Advertisement, Auction Etc
  • Taking All Possible Steps for The Recovery

6.Enforcement of Securities

  • Initiating Application Before District Magistrate for Enforcement of Securities Under SARFAESI.
  • Assistance for Taking Possession of Assets
  • Identify Buyers to Secure Maximum Value of The Assets
  • Conducting Sale Process
  • Follow-Ups and Negotiations

Service Delivery Process followed by White Code Legal:

  • The Client has to register themselves on our website.
  • Once the Client is registered, we raise a Service Request.
  • The Client receives a proforma invoice with an option to confirm and pay now or pay later.
  • Once the Client confirms, our dedicated relationship manager liaisons with our experts, and clients share a list of client information required to deliver the service.
  • Once we receive the information, we take the required steps to deliver the service and the service request is closed.

Service Inclusions

  • Professional Fees

Service Exclusions

  • GST, Government Fee, and other Additional Taxes

Why White Code Legal? 

At White Code Legal we prioritize and always strive to deliver excellence. Keeping a focus on maintaining affordable prices and delivering 100% client satisfaction we aim to make worth every penny our clients spend with us and build a lasting relationship with them.