Frequently asked questions about debt collection and Legal Recovery answers

What is the difference between extrajudicial debt collection and judicial debt recovery?

Out-of-court recovery consists of carrying out activities without the establishment of a case, while instead, the judicial recovery provides for the establishment of a court case.

How long can credit be recovered / can a file be defined?

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In the case of extrajudicial activities, the recovery of the credit can take place within a few weeks (or in the most difficult cases within a couple of months).

In the case of judicial activity, the recovery of the credit can take place after a long time: from a minimum of 6 months (for the most virtuous Courts) to 15/18 months (for the slower Courts).

What happens in the event of bad debt?

In the event that your credit is bad debt (and if the credit is claimed by a company), you can request our website to issue a declaration of irrecoverability and use it to pay less tax.

How much does it cost to start a lawsuit with Legal Recovery?

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Legal recovery carries out judicial activities according to the forensic parameters contained in the Ministerial Decree  Thanks to our innovative agreement you recover a sum greater than that spent.

If the debtor does not pay out of court, is it possible to take legal action?

If the debtor does not make the payment out of court, it is possible to start the legal action for the recovery of the credit.

This choice depends on the amount of the credit and the economic conditions of the debtor.

The Legal Recovery professionals, through the RRD service, will tell you if it is appropriate to initiate the legal action avoiding making you bear unnecessary costs if there are no conditions for recovery.

After the debtor makes the payment, what happens?

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Once the payment has been made, the creditor will release a release form.

Legal recovery professionals will also follow you at this stage by providing you with a complete and fast service.

Can a credit recovery assignment be managed simultaneously by multiple entities?

Legal Recovery manages the assignments exclusively, if you decide to entrust us with the assignment, it will not be possible to request the intervention of another professional.

What kind of interests are calculated for a dispute?

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The calculation of interest depends on the type of contract from which the credit is born. Default interest is usually applied in commercial transactions (ECB rate increased by a few percentage points).

What is the difference between a warning and a precept?

The warning is an act by which payment is made to the debtor. The precept, on the other hand, is an act which intimates payment to the debtor before initiating an enforcement action. In order to make an attachment (from third parties, property, real estate) it is necessary to first notify an act of precept.

How much do legal recovery services cost?

The prices of the services vary according to the type of consultancy carried out and are expressly indicated on the site at no additional cost.

Which legal recovery service should I request?

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Before choosing one of our paid consultations, you should take advantage of the free ” CREDIT ” service.

After providing you with free legal opinion, our professionals will suggest the most suitable service for your case.

What happens after a third party attachment?

At the end of the attachment to third parties, the creditor obtains an assignment order; with this provision, the judge orders the third attachment to pay the amount due.

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