Damir Site Enforcement Officer – Serbia
Below is an outline of how our Office will advance the work on recovering your claim.
Stage 1. Free preliminary case evaluation: We review the case to determine if the company/debtor is still operating as a going concern, confirm the current address and location of the debtor, telephone number, real estate holdings, bank accounts, employment, personal property, financial status and overall credit worthiness, and any information that will allow us to establish an expectation of a positive outcome. There are no field calls and site inspections during this Stage. If we determine a positive outcome is not a plausible expectation, we will make our findings known.
Stage 2. Amicable collection: From time to time we can seek and get the voluntary cooperation of the debtor to pay and satisfy the judgment without any enforcement actions being taken. Any money recovered in Stage 2 will be subject to a negotiable contingency fee, based on a lump sum payment. Stage 2 will usually last no more than thirty days (30). If we are not able to achieve a positive outcome we will proceed to Stage 3. Most clients skip Stage 2.
Stage 3. Civil enforcement proceeding (CEP): There is a government-fixed cost for the CEP and those costs will be presented separately for your consideration and approval. With our findings in Stage 1 & 2, we will proceed to seize, attach and sell property, garnish bank accounts and garnish wages or pensions (if we confirm place of employment), file orders for debtor examinations, post judgment discovery, seize, attach and sell the debtor’s company shares, real estate property, and perform all other civil enforcement actions prescribed by the Serbian 2011 Civil Enforcement and Security Interests Act.
The creditor/client is responsible for pre-payment of all Stage 3 related costs. Court cost and administration fees vary depending on the principal sum that is to be recovered.
These costs and fees will be itemized and presented to the client for their approval. All payments made by the creditor during Stage 3 are enforcement procedural costs that are be recovered from the debtor.
During judgment recovery enforcement proceedings, Serbian laws do not allow any stay of execution, or other legal remedies related postponements of civil enforcement actions, proposed by either of the parties (nor the debtor, or the creditor).
For more information please visit our website.
If what we have to offer is interesting to you we would be delighted to engage in further discussion on how we can launch an effective collection platform. Contact us to tell us about your case.