Debt settlement
Negotiation and settlement of overdue balances
A settlement that is actually paid is worth more than a demand that is ignored. We negotiate within the limits you set and document every agreement.
Who it is for
- Creditors with balances the debtor acknowledges but cannot pay in full
- Companies seeking to close long-outstanding accounts
- Parties who want an agreement without litigation
What the engagement covers
- Assessment of the debtor’s position and realistic capacity
- Settlement and payment plan proposals within your mandate
- Negotiation meetings and correspondence
- Written settlement agreements and payment schedules
- Monitoring of compliance with the agreement
How we approach it
- 1
Mandate
You define the minimum acceptable outcome, timing and any conditions before we open discussions.
- 2
Negotiate
Fact-based negotiation focused on what the debtor can actually deliver and when.
- 3
Document
Every agreement is put in writing with dates, amounts and consequences of default.
- 4
Verify
We monitor performance and report any deviation immediately.
FAQ
Questions we are asked most
Do we have to accept less than the full amount?
No. You set the mandate. A settlement can be full payment over time, a discount for prompt payment, or another structure you approve.
What happens if the debtor breaks the settlement?
Agreements include clear default terms. If a payment is missed we inform you at once and recommend the next step.
Related services
Payment Monitoring
Ongoing monitoring of payment plans and settlements, with reminders before due dates and immediate action on missed instalments.
Service detailsBank & Finance Settlement Support
Support for individuals and businesses negotiating settlements or restructured repayment with banks and finance companies.
Service detailsLegal Follow-Up
When amicable recovery is exhausted, we prepare the file and coordinate the appropriate next step with licensed professionals.
Service detailsHave receivables or a transaction that needs following up?
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