Would you like to know details about debt collection in Bulgaria? Take a look at this concise presentation.
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1. DEBT COLLECTIONIN BULGARIAA presentation brought toyou by
BridgeWest.eu
2. Changes for the process ofdebt collection in Bulgaria The
process of debt collection in Bulgaria has beenchanged in the last
years, because of the economiccrisis. In the present, the National
Revenue Agency is thelegal entity responsible with debt recovery in
Bulgaria. 3. Changes for the process ofdebt collection in Bulgaria
The National Revenue Agency has taken theresponsibility from the
State Receivables CollectionAgency regarding the matter of debt
collection. As the debts have been growing lately, NRA is tryingto
make the debtors pay the claims voluntary. 4. The procedure of
debtcollection The procedure is based on the belief that the
entitieswill finally pay their dues if they are aware that
legalactions may be established against them. For example, a debtor
will no longer receive thenecessary documents to obtain bank loans
if she/herefuses to pay the outstanding taxes or the fees. 5. The
procedure of debtcollection Most of the outstanding debts don't
have a high value, sothe procedure of recovery mustn't be
expensive. The National Revenue Agency's representatives areusing
the new technologies (the email or mobiletelecommunication), in
order to establish a connection withthe customers. 6. The steps for
debt collection First stepThe concerned person is called and asked
to comeand pay the duty. Second stepIf the person is not coming
voluntary to pay thedebt, an official letter is sent. Third stepIf
none of the methods above have results, then theNRA is hiring a
specialized debt collection agency. 7. The debt collection agency
Usually, the debt collectioncompanies action in two stages: a non
litigation phase, when the debtorreceives a notification regarding
the liabilities a litigation phase, when the agency is filinga
petition to the authorized Court 8. The debt collection agency In
the first phase - the non litigation phase - theagents are also
investigating the debtor assets. They file claims regarding the
freezing of theseproperties, for the event that a future process
occurs. 9. The debt collection agency Usually, the concerned
persons are paying thedebts in the first stage, because of the fear
of apossible litigation process. For assistance with the issues
regarding debtcollection in Bulgaria, you can ask our lawyers
inBulgaria. 10. Thank you for yourattention!Please contact us for
more information
at:[email protected]://www.lawyers-bulgaria.com/(+44)203-287
0408
