Unpaid Invoices and Debt Recovery:
Unpaid Invoices is not a serious matter in UAE only, it is a matter in every developed country indeed. Sometimes people can’t pay and they need time till they generate the cash. Sometimes they need an instalment plan and sometimes they do not want to pay. The status of such companies is not easy to be determined always for the creditor. Debt Collection Services, by the Debt Collection Agencies or directly by the Law Firms, know very well about the status of the debtor and they also know how to recover the outstanding quickly.
Unpaid Invoices are recovered by these service providers. The service is called Debt Collection Dubai or Debt Recovery Dubai. Nowadays these are established Law Firms with collectors cum advocates and advocates cum collectors. These are mostly expatriate advocates who are recruited also as Debt Collectors. What we believe and recommend is that only advocates or law legal consultants should also act as debt collectors. Time is finished when a debt collector by only debt collection agency was enough to cope with financial recovery matters.
Now Collection is not like Before:
UAE Law and business laws have been advanced. It is not like the ’90s or the first few years of the 21st century. Now modern legal organizations known as Law Firms with a team of advocates cum debt collectors are operating in the market. These debt collectors cum advocates have special knowledge and special legal exposure so they can cope with the modern tactics of debtors.
When anything becomes the need of the market then demand is generated. When demand is generated then supply is also generated. Therefore several Law Firms cum Collection Agencies, have already updated their services to an advanced level. Now, these law firms are using:
- Team of Advocates
- Modern Debt Collection Softwares/Desktop
- Modern Debt Collection Applications e.g. Apple, Android etc
- Modern Cloud Management Applications
- Modern Communication Systems
All it creates a speed in the process of recovery. Now the debtor can’t delay like before. The Debt Collection Agencies have been smart enough so they can trace, track and judge the companies better than before. Nowadays they quickly recover the debts or escalate to Court where civil or commercial cases are registered.
Court in Dubai and UAE have also been smart and advanced. The judgment is passed in less time than before. Dubai Courts and UAE Courts have been revolutionised and following the world’s leading and fast court system. One of the examples is Amr Ada. Therefore Collection to Court Cases is much more advanced in Dubai and UAE.