Receivables management  during the litigation stage

ULTIMO also offers comprehensive services connected with account management during the litigation and enforcement stages. Legal debt collection is managed by the Kancelaria Prawna I.Szmydka, K.Buczek i Wspólnicy Spółka Komandytowa (Law Firm), one of the ULTIMO Group companies.

The legal debt collection process is composed of two stages. During the first stage the debtor is sent a final demand for payment. During stage two, the Law Firm providing legal services for ULTIMO represents the Client at court until an enforcement clause is appended to the court’s ruling (order for payment, judgment) or to the Bank Enforcement Title, and then – based on the enforceable document obtained – it starts enforcement proceedings with the competent court bailiff.

If the debtor evades voluntary performance of the court’s decisions, the debt is referred for enforcement by a court bailiff. At this stage a motion to the court bailiff is prepared together with the remaining legal documentation.

The Law Firm working with ULTIMO can provide its services across Poland.

BENEFITS

• comprehensive service both during the stage of amicable collection and legal collection
• the burden connected with the institution and monitoring of law suits is transferred to a specialised entity experienced in legal debt collection

ACTIVITIES

• proceedings before courts of all instances in proceedings by writ of payment, summary proceedings and in ordinary proceedings aimed at obtaining the enforceable document
• filing of applications for appending the enforcement clause on the Bank Enforcement Title
• management of proceedings by writ of payment on the basis of excerpts from the bank’s books of account
• management of proceedings by writ of payment in connection with obligations under bills of exchange
• management of proceedings by writ of payment for a lesser value in connection with loan agreement obligations
• drafting of enforcement motions and filing of documents with the relevant court bailiff’s office
• ongoing monitoring of the work of court bailiffs and gathering information about the progress of the enforcement pending

The scope of the above activities also includes:

• preparation of procedural writs
• filing of the required documents with the competent court
• supervision over the progress of judicial proceedings
• management of appeal proceedings
• drafting responses to court summons.