Debt Collection and Decree Execution
Debt Collection:
The firm takes the following steps to ensure the full collection of the debt:
- Judicial warning to the debtor.
- On failure to comply with the warning to settle the debt, a Court decree is obtained pursuing a lawsuit at the court.
- Precautionary measures are taken against the debtor.
Decree Execution:
The Firm maintains substantial influence over various parties to facilitate the execution process. If the situation requires the firm’s involvement in inquiries that reveal the financial status of the debtors, the firm actively pursues such inquiries. The procedure for enforcing the Court’s judgment is as follows:
- Dispatch of the court’s decree promptly to the debtor.
- Avail the option of seizure, sequestration, apprehension, arraigns detention, and obstruction from travel.
- Incapacitate debtor’s bank accounts and assets.