Debt collection plays a crucial role in maintaining financial stability and ensuring the ongoing operation of businesses. In the transport and logistics sector debt collection can arise from unpaid freight charges, unpaid services, incorrect deduction from invoices, etc. Transport and logistics companies rely on timely payment to cover operational costs. Effective debt collection is thus of utmost importance, especially in transport related cases due to the applicable statutes of limitations for freight claims.

ITL Attorneys can assist in this invoice recovery process throughout the whole of Europe and even beyond. The debt collection process commences with an assessment of the solvency and payment capabilities of the debtor. The debtor will be hold in default with a formal notice, in which the debtor receives a last possibility to pay the debts in amicable manner. If a voluntary payment is not reached, an enforceable title will be pursued. This may consist in a classic court procedure, a European payment order procedure or other local judicial or extra-judicialprocedure.    

A comprehensive understanding of legal frameworks, industry-specific regulations and commercial practices are ITL Attorney’s added value.  

A punctual follow-up of every step of the debt recovery procedure and transparent reporting to the client are key elements of the invoice collection. As a debt collection has to be cost efficient, specific and result based legal fees apply and the aim is to recover a maximum of costs from the debtor.