The agreement

12

Transcript of The agreement

The agreement

The agreement

Get it in writing!

The invoice

The invoice

Debt collection

• Two options:

– 1. Using a debt collection agency

Or

– 2. Do it yourself

Do-it-yourself debt collection

• The reminder– Unlimited, as long as it is not harassment under

the criminal code– Maximum 3 reminders fees of 100 DKK. Fees are

free of VAT– Minimum 10 days between every reminder that

includes a reminders fee

Do-it-yourself debt collection

• The warning– Before beginning debt collection (outside of

reminders), you need to send a ”warning of debt collection” in accordance with the Danish debt collection law § 10. • You will need to read the §, since the requirements are

quite strict, and you might lose your claim for collection costs, if you do not warn correctly.

Do-it-yourself debt collection

• Bailiffs court- If the debtor still does not pay, you may send the

case to bailiffs court - Bailiffs court charges a fee to handle the case, and

gives you the legal means to try to force payment - NB: Bailiffs court will not handle the case for you,

so you will still need to know the general collection laws

Do-it-yourself debt collection

• Recommendation– Do not attempt the debt collection on your own,

unless you are willing to take the time to understand the rules

– Bad/wrong debt collection can in the worst cases cause you to lose your claim

What not to do

• Do not harass the debtor• Do not threaten the debtor• Do not contact the debtor face-to-face

without prior warning

• Do not take it personal

Any questions?

• Regarding invoice: – www.faktura.dk

• Regarding debt collection:– www.hornskovvindberg.dk