Debt Recovery in a Tough Economic Climate

At Canadian Corporate Legal Services we take a kinder gentler approach to negotiating for debt recovery. Our method is to avoid alienation when working with people and companies who owe our clients money and try not to alienate them. Due to the current economical crisis people who owe money are generally nervous about unfair debt collection. Hostile phone call and letters is not an affective method and can be emotionally draining for both parties. Our approach is to appeal to their morals and good nature while of course pointing out the additional cost and consequences of not clearing the outstanding balance. Our negotiations for debt recovery are often effective but if not we have the option of court to find the best way to proceed.

Many of our long-term clients come from companies that we have previously negotiated with successfully for debt collections. A proof that our kinder gentler to negotiating for debt recovery approach can work for your company as well. We like to work with our clients internationally to help them manage their account receivables and bad debt load. Here are some things to consider. Consider your CREDIT:

C ash Flow

Do you have the necessary cash flow?

R eceivables

Do you have a system?

E valuation

How do you assess your customers ability to pay?

D ebt

How do you collect overdue accounts?

I ncome

Does your price reflect the price of granting credit?

T erms

What terms are normal for your industry?

If you have a question about an outstanding debt or your accounts receivable issues please call at: 416.784.3770 or email us at .