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Debt Collection in Argentina

Debt Collection in Argentina

Recovering debts in Argentina may be in the attention of companies at a certain point. A debt collection agency in Argentina can deal with the procedures in this matter, but complete legal support is recommended before commencing the debt recovery. Our lawyers in Argentina are at the disposal of foreign entrepreneurs interested in recovering assets or money which regards their company in this country. Also, you can solicit legal assistance for business formation in Argentina and investments.

How is debt recovery made in Argentina?

Our attorneys in Argentina will investigate the debt collection cases and will decide on the suitable approach as soon as the information is gathered. In Argentina, an amicable debt recovery procedure is normally commenced, and it is subject to several steps, such as:

  • the company’s accounts and information about the debts are analyzed;
  • a letter of notification with details about the late payments is issued;
  • the next stage is related to the communication between the debt collection agency and the debtors in Argentina;
  • contacting the debtors via the email or by phone is part of the debt recovery procedure;
  • new payment terms in the contract can be then established.

With an extensive knowledge about the legal terms linked to the debt recovery in Argentina, our attorneys will help companies establish the necessary methods for recuperating the money.

Establishing new agreements for debt recovery in Argentina

Our lawyers in Argentina can propose to companies a series of settlements and legal actions to properly recover the debts. We remind that any decision made in this sense will only be implemented in complete agreement with the parties involved. If for any reason, the amicable procedure for recovering the debts has failed, the case may be presented in the courts of law inArgentina after 90 days.

Negotiation, a good option for debt recovery in Argentina

When there are difficulties in paying debts, companies are involved in debt collection in Argentina. The process can be complicated if no specialized help is requested, either from creditors or debtors. Negotiating new payment terms is the first solution we can offer. We start by analyzing the situation presented, we get in touch with the debtors and we try an open communication about the debts they have.

Thus, we can negotiate new payment data and the respective debt rescheduling, in order to be able to offer alternatives to those who encounter difficulties in this regard. An Argentine lawyer with experience in debt recovery can also help you with legal advice in order to get over this problem. We can explain the negotiation strategies before any action. Plus, those interested in immigration to Argentina can get in touch with  our specialists.

What does the customer contact in debt recovery entail?

Effective debt collection solicits structured and systematic organisation and contact with customers. We mention that our staff is well informed, helpful, and communicative and will keep you up to date with your progress so you know the details.

The format of communication with debtors is important, whether, by official letters, emails, or phone calls, and strategies must be presented in such a way as to understand the intentions and, of course, the problem-solving alternatives. In addition, creditors will be notified of the state of the debt recovery process, with the help of constant communication. Call our lawyer in Argentina for more details on this case.

FAQ about debt collection in Argentina

We often encounter questions from our clients about debt recovery methods and solutions to avoid litigation. Let’s review some of these questions, hoping that the answers will be helpful.

1. How to recover debts in Argentina?

Companies or suppliers that cannot fulfill their payment tasks according to the signed contracts can be contacted by debt collectors. In the first phase, they will propose an amicable procedure by which the new payment terms are discussed. We will develop constant communication between creditors and debtors, with the help of our lawyers in Argentina.

2. What happens if the amicable debt recovery procedure does not work?

If the amicable procedure is not successful and if the debtors do not respond to the letters and proposals for settlement, then the case may be brought to the attention of the court. Specialized help is provided by our legal advisers who can explain the steps to follow and what you should do, as a creditor who wants to get his/her money back.

3. Can new payment terms be established in the debt recovery process?

Of course, if the mediation has served its purpose, then the debtor may agree on a new payment term. Moreover, the debt can be rescheduled, and the collaboration relations can be resumed. It is important to communicate and especially to settle amicably, and for more details, you can call on our lawyers with experience in debt recovery.

4. How quickly can a debt collection recovery case be resolved in a court of law?

It is well known that recovering debts through the courts is time-consuming. Depending on the complexity of the situation presented, the decision of the court can be quick or can last for several years. Do not hesitate to discuss all these issues with our lawyers.

5. How can a debt recovery lawyer in Argentina help you?

We have experience in debt recovery cases and we want to offer the best solutions for those who ask us for legal help. You can count on us if you want to solve your debt problems as soon as possible.

Argentina, a top business destination

Argentina continues to be on the list of foreign investors eager to develop their business in a safe and constantly evolving environment. The business climate is stable and appreciated by foreigners, and in addition, Argentina offers equal opportunities to all those who want to invest in this country, with the help of a permissive legislation. Here are some statistics that show the economic direction of Argentina:

  • Data for 2020 show that the total FDI in Argentina was approximately USD 85,5 billion.
  • Argentina ranked 126th out of 190 of the world’s economies in terms of business conditions and climate.
  • Argentina has rich natural resources and is one of the top exporters of oil, gas, and copper.
  • Argentina’s largest investors include the US, Spain, Brazil, the Netherlands, France, Canada, and Germany.

How can our lawyers in Argentina help you?

With complete focus on your business purposes, our Argentinian lawyers will ensure that the debt recovery methods will generate the positive results you are expecting. Depending on the debts you need to recover, our advisors will determine the suitable approach in your case, focusing on the legal methods and requirements in this sense.

Please feel free to contact our law firm in Argentina and find out information about how to recover the debts in Argentina.