Attorney, bailiff or debt recovery company?

When you are confronted with 

debts

, different channels are available to you to 

recover

 your 

debts

. For example, you could call upon the services of either an attorney, a 

bailiff

 or a 

debt recovery company

. In order to choose the right one, we recommend you analyse the roles and limitations of each of these three debt recovery parties.

Debt recovery company

The main role of a 

debt recovery company

 is to manage relations between 

creditor

 and 

debtor

. They usually 

recover debts 

by favouring 

amicable

 solutions. These debt recovery professionals will guide you during the entire process by establishing a global strategy for managing your debts and planning regular 

reminders

 and different orders for 

payments

. However, the secret of their success isn’t a secret: it’s about systematic, structured and positive communication with the debtor. The real limitation of the 

debt recovery company

 starts when the recovery process requires 

legal

 action, which concerns one per cent of the debts managed by TCM. In such cases, companies such as TCM collaborate closely with attorneys and bailiffs specialised in debt recovery, which means you don’t have to involve more parties and can leave debt management to the debt recovery company during the entire process. As well, the debt recovery company usually works on a 

no cure, no pay

 basis. This means that you will only pay a percentage of the actual amount collected and only when recovery has been successful.

Bailiff

The bailiff is a court officer, or rather a kind of independent official, specialised in court-ordered debt recovery. Their job gives them the monopoly on summons and other attachments of debts. But they can also handle an 

amicable recovery

, that is, without needing a judge’s decision. However, to call a spade a spade, communication with a bailiff is rarely perceived as smooth and positive by the debtor, your client. His intervention will more than likely tarnish your commercial relationship with this client. And it is known that one unhappy client will tell 10 other people of their mishap, while 10 happy clients will only tell one other party. Moreover, a bailiff has a duty of impartiality. They cannot defend you, as they must remain neutral.

Attorney

An 

attorney

 is the 

only

 representative of your legal actions in court. Of course, before recommending that you go to 

court

, they will try to solve the problem directly with the debtor. Nevertheless, they will surely recommend going to court, as this is their core business.

Conclusion

In order to settle your debts, calling upon a debt recovery company is probably the best way to go. However, keep in mind that the 

debt recovery company 

will systematically favour 

an out-of-court solution

,sothat you and your debtor will not have to pay unwelcome legal fees.   If you would like more information about what we can do for you, feel free to contact TCM. Visit our 

website

 or 

contact us

!

When you are confronted with 

debts

, different channels are available to you to 

recover

 your 

debts

. For example, you could call upon the services of either an attorney, a 

bailiff

 or a 

debt recovery company

. In order to choose the right one, we recommend you analyse the roles and limitations of each of these three debt recovery parties.

Debt recovery company

The main role of a 

debt recovery company

 is to manage relations between 

creditor

 and 

debtor

. They usually 

recover debts 

by favouring 

amicable

 solutions. These debt recovery professionals will guide you during the entire process by establishing a global strategy for managing your debts and planning regular 

reminders

 and different orders for 

payments

. However, the secret of their success isn’t a secret: it’s about systematic, structured and positive communication with the debtor. The real limitation of the 

debt recovery company

 starts when the recovery process requires 

legal

 action, which concerns one per cent of the debts managed by TCM. In such cases, companies such as TCM collaborate closely with attorneys and bailiffs specialised in debt recovery, which means you don’t have to involve more parties and can leave debt management to the debt recovery company during the entire process. As well, the debt recovery company usually works on a 

no cure, no pay

 basis. This means that you will only pay a percentage of the actual amount collected and only when recovery has been successful.

Bailiff

The bailiff is a court officer, or rather a kind of independent official, specialised in court-ordered debt recovery. Their job gives them the monopoly on summons and other attachments of debts. But they can also handle an 

amicable recovery

, that is, without needing a judge’s decision. However, to call a spade a spade, communication with a bailiff is rarely perceived as smooth and positive by the debtor, your client. His intervention will more than likely tarnish your commercial relationship with this client. And it is known that one unhappy client will tell 10 other people of their mishap, while 10 happy clients will only tell one other party. Moreover, a bailiff has a duty of impartiality. They cannot defend you, as they must remain neutral.

Attorney

An 

attorney

 is the 

only

 representative of your legal actions in court. Of course, before recommending that you go to 

court

, they will try to solve the problem directly with the debtor. Nevertheless, they will surely recommend going to court, as this is their core business.

Conclusion

In order to settle your debts, calling upon a debt recovery company is probably the best way to go. However, keep in mind that the 

debt recovery company 

will systematically favour 

an out-of-court solution

,sothat you and your debtor will not have to pay unwelcome legal fees.   If you would like more information about what we can do for you, feel free to contact TCM. Visit our 

website

 or 

contact us

!