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Debt Collection in Spain
A presentation brought to you by LawyersSpain.eu
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The Economic Context in Spain >>
• Lately, there has been an increase of the number of debts because of the economic crises that hit Spain brutally.
• A foreign investor who is doing business in Spain may have problems with debt collection.
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>> The Economic Context in Spain
• In order to recover a debt, a foreign investor may contact a law firm in Spain or he can act on his own trying to recover the amount from the debtors.
• Our Spanish lawyers can help you collect a debt in this country.
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The Main Steps for Debt Collection in Spain >>
• When you have a debtor who doesn’t respect his payment commitment, the first step for debt recovery in Spain is sending him a claim for payment.
• This claim must contain:
your direct request; the bill for the service/product for which
you expect payment; the invoice; the term for payment etc.
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>> The Main Steps for Debt Collection in Spain
• The claim must respect the Spanish regulations related to debt recovery and it may include the consequences of a denial.
• You may specify that, if your business partner doesn’t pay the amount due, you will sue him for debt recovery.
• After the debtor receives the claim, you may negotiate with him the installments or the terms for debt collection.
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The Legal Procedure for Recovering a Debt in Spain
• After you send the claim and you don’t receive any answer from the debtor or he doesn’t agree to your request, you may contact a Spanish attorney who will continue the legal procedure.
• The lawyer in Spain may try to recover the debt by trial or by convincing the debtor to make the payment in the terms and conditions agreed by both parties.
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Types of Debt Collection in Spain >>
• For recovering a debt in Spain, you may use an extrajudicial procedure or a court-ordered collection.
• The first procedure can be applied when both parties agree on the payment, with or without the help of a law firm in Spain.
• If an agreement can’t be reached, the lawyer
will start the judicial procedure.
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>> Types of Debt Collection in Spain
• If your debt to be recovered exceeds 2,000 euro and you will sue the debtor, you need to contact a law firm in Spain who will handle the trial.
• Our Spanish attorneys will represent you in front of the local court.
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Legal Assistance in Spain
• If you need more details about the debt collection, you may contact our law firm in Spain.
• Our Spanish lawyers will explain you the steps to be followed and the documents you need for debt collection.
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Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408
www.lawyersspain.eu
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