How to carry out the collection of defaulters in old invoices

Understanding the problem

Some companies with unpaid arrears of years ago, have not yet claimed the recovery of these bills and still do not collect these balances in favor and that have not been liquidated to date. The collection of defaulters of old invoices is conditioned by several factors.

It often happens that misinformation in these cases plays a crucial role since assiduously these old defaults are not claimed due in large part to the few expectations of collection of the debt with which the creditor has.

What is an old debt?

When we talk about old debt that this debt in the first place exists, it is in force and that in turn is legitimate. The collection of debt defaulters of this type comes approximately fixed in defaults with an age superior to 5 years.

As of this date, many creditors simply pass on these balances to losses and leave these balances for lost without taking them to claim.

collection of defaulters

We always advise you to carry out the collection procedures of relevant defaulters and oriented to the recovery of these assets since in many occasions, we can obtain a title that allows us to execute and seize assets to our debtor as soon as it has liquidity available or patrimony with which to face the payment of our debt.

Is its collection feasible?

To claim a debt there are a series of basic requirements that allow us before the law to claim the balance owed to us today.

Once we have fulfilled these requirements, our debt can be processed without problems. Initially through the friendly way and later making use of the judicial route if friendly it is not reached an agreement of payment of the debt.

The problem comes when the old debt makes it difficult for us to have an accurate knowledge of the current whereabouts of the debtor or if this is a company, if at present it has a commercial activity or not.

In any case, it is always advisable to try to collect the debt as it may be that although it is not immediately and we take a while, we may in the future have a collection right in our favor through a final court ruling.