A company’s credit management is one of the essential elements of a successful commercial activity. It is therefore crucial for creditors to obtain the right advice at the right time in order to protect debts due to them.
The number of court cases dealing with debt collection has diminished drastically over the years as the use of judicial letters proved to be incredibly useful in the saving of both time and money. In fact, when the debt is decisive and clear, the creditor may make claims for amounts not exceeding €23,300 as per Article 166A of the Code of Organisation and Civil Procedure. Otherwise, Article 253 allows judicial letters to be filed for unlimited outstanding debts. Court cases before the Superior Courts may be instituted where the amounts due vary and are not liquidated.
At Mifsud & Mifsud Advocates we have the necessary expertise to assist companies with their individual needs in relation to debt collection. The firm can assist from pre-litigation stage up to the execution of a judgment. Moreover, the firm is affiliated to a number of international debt collection companies through which it can assist local companies in chasing debts on an international level.