Debt collection is a very wide area of activity in trade, commerce and transport where usually an unpaid amount of money is legally not in dispute, but simply not paid by the debtor for various reasons.
Typical cases may be:
- Unpaid trade invoice
- Outstanding insurance premiums
- Unsettled arbitration award or court decision
- Unsettled amicable out of court agreement
- Insolvent and/or bankrupt debtor
A valuable tool to increase pressure on the debtor is to trace and if necessary attach assets such as, real estate, bank accounts, insurance proceeds etc.
In cases involving fraud, pressure may be increased by threatening criminal proceedings.