Amsterdam, August 31, 2010 (ots/PRNewswire)
- Atradius Collections, the
global expert in domestic and international debt collections,
releases the latest edition of the International Debt Collections
Handbook. The International Debt Collections Handbook is an essential
tool for businesses making decisions on international collections, as
well as for any employee working in credit management.
International debt collection and country-specific legal systems
create challenges that affect business. The International Debt
Collections Handbook explains the diversity and complexity of
country-specific debt collection approaches, offering an immense
amount of detail. In total the handbook covers 26 countries and
covers the different stages of amicable settlement, financial
regulations around collections, legal proceedings and insolvency
With this essential information many companies may even approach
their business overseas entirely differently. "Debt collections and
insolvency cases can take years in some countries and tie up
resources," says Rudi de Greve, Executive Manager Operations from
Atradius Collections. "A civil lawsuit for collecting debts in Italy,
for example, may take up to four years. For many companies having to
wait for this long period in order to collect can threaten their
survival. Having access to this kind of information early on can help
businesses make better decisions and even opt for a different route
than the seemingly straightforward judicial one."
"Companies need to know what to expect when dealing with
collections in a foreign country," says Rudi de Greve. "There are
also great differences in handling insolvencies. Looking at the UK
there is often little hope for settling outstanding debt and
receiving monies owed, especially when smaller amounts are involved.
In Germany, on the other hand, the effort is made to pay out all
creditors evenly after liquidation."
With levels of insolvencies peaking in most markets in the past
year, maintaining and protecting cash flow is key for all businesses.
Having knowledge of amicable collections as well as the
country-specific legal phases surrounding collections is therefore
vital for survival in challenging times. Only with local expertise
can businesses ensure they are following a professional and
successful approach. The Handbook will prove especially useful to
organisations lacking in-house resources in international collections
or credit management.
The International Debt Collections Handbook can be downloaded at
About Atradius Collections:
Atradius Collections, a business unit of Atradius Group, provides
efficient, quick and flexible solutions to recover domestic and
international trade debts. With a global network of collections
specialists, lawyers and insolvency practitioners worldwide,
Atradius Collections serves over 14,000 customers handling on
average 100,000 cases a year. Over 80 years of worldwide credit
management industry experience uniquely position Atradius
Collections as a global leader in business-to-business debt
ots Originaltext: Atradius N.V.
Im Internet recherchierbar: http://www.presseportal.ch
CONTACT: For more information, please contact: Corinna M.
, Phone: +31(0)20-553-3028.