- Consulting, representing individuals to work directly with debtors to recover loan debts and debts arising from civil transactions;
- Consulting, representing enterprises to work directly with debtors to recover loan debts and debts arising from business transactions;
- Consulting, representing individuals and enterprises to conduct legal procedures in debt recovery in accordance with the law.
-min.png)
Debt collection in Da Nang is the application of methods, measures to request the debtor to pay debts when they are due, overdue to be paid in accordance with the contract, as agreed between the parties, or as decided by the competent state agency. Phong & Partners would like to send you 7 effective ways to collect debts in Da Nang 2023.
While information about a customer of a financial company committing suicide, suspected of being insolvent and constantly terrorized into repayment, has not yet subsided, recently, the public has been stirred up by the fact that a business “alleged” the bank as debt recovery in the style of “gangster”.
Mr. Truong Thanh Nhat asked: “In July 2017, my company signed a building materials trading agreement which has the value of up to one billion dongs with A company and the time limit for payment is until late December 2017. However, when the time for payment expired, A company only paid 700 millions dongs, then my company requested A company many times to pay but A company did not reply. Actually, my company decided to sue A company for paying the remaining debts, however, I found out that the statute of limitations for lawsuits expired. I wonder if there is any possibility that I sue A company for repayment? If so, are there any disadvantages to my company? What should my company do to defend our maximum rights?”
Debt recovery is an important task that every individual and business needs to equip or understand well in life and manufacturing trading activities. In reality, recovering debts is a hard task which is even more difficult when the debtors have the purpose of misappropriation as well as evasion. In this case, the problem posed to individuals and businesses is how to apply interim emergency measures legally, promptly and effectively. For providing knowledge about the issue of the interim emergency measures application on debt recovery, Phong & Partners would like to give you advice as follows:
Mr. Ngo Van Quan – President of X Company asked: “My company signed a goods trading agreement with Y Company. The agreement was signed by Mr. Phan Hoa – Vice president of Y company. Because of the trust I conducted to directly sign without checking an authorization letter (minutes on debt confirmation was also signed by Mr. Hoa). The agreement had stamps of both companies. Up to now, my company has delivered full of goods and issued VAT invoices but Y company has not paid the remaining debt (only paid 60%) with the reason that the agreement and minutes on debt confirmation are invalid because they were signed by the vice-president who is not authoritative. In this case, are the agreement and minutes on debt confirmation invalid? Can we recover the debt?”
My company is located in Danang, specially manufacturing medical masks. We signed a mask sale contract with a company in Binh Duong province. My company transferred all the quantity of goods under the contract to the company's warehouse in Binh Duong and the staffs received the goods. The company in Binh Duong paid 50% of the purchase price. Then, my company sent a minutes on debt confirmation to the company in Binh Duong but we did not receive a response. I would like to ask you if the company in Binh Duong did not sign the minutes on debt confirmation, could my company recover the remaining amount of goods and if I had to sue, which court should I sue?
Phong & Partners provides all legal services with the highest quality that is the result of professionalism, dedication and cohesion, effective support of the whole team for the highest benefit of clients.
Copyright © 2020 P&P. All Rights Reserved.
Designed and Maintained by 
