At clients' request, Huaxia Credit and assisting lawyers can serve as an agent to collect debts for clients by way of litigation or arbitration.
Benefits of litigation collection:
Efficient collection
Huaxia Credit coordinates efforts from clients, law firms designated to go into proceedings and local government agencies that have influence on debtors. With joined efforts and standard services, Huaxia Credit is able to achieve efficient collection results.
Flexible payment
Huaxia Credit works with law firms on risk-sharing basis, so we charge clients no more than only a small amount of pre-litigation fee before debts are collected. In this way, we save clients enormous and unnecessary spending otherwise incurred by unsuccessful litigation collection.
Satisfactory results
By leveraging strength in nationwide reporting network and law firms, Huaxia Credit is able to locate debtors' assets and help creditors to seize.
Litigation collection workflow
Step 1 Claim File Review
Preparation of all pertinent documents and proves
Review of legal evidences
Tentative analysis of cases
Step 2 Litigation or Arbitration
Search for debtor's assets
Attachment and garnishment of assets
Out-of-court settlement with debtors on behalf of clients
Participation of court mediation or hearing
Report of developments
Step 3 Law Enforcement
Press ruling on debtors
Search for seizable assets
Application for court involvement in enforcement
Assistance in appraisal and auction of non-cash assets
Step 4 Case Closure
Full or partial collection
Documents for bad debt write-off
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