Debt Collection Services by Leading Law Firm in Kenya
Welcome to Benjamin Bogongo and Associates Advocates, your premier destination for debt collection solutions in Kenya. Our esteemed firm specializes in providing comprehensive debt recovery services tailored to meet the diverse needs of our clients. With years of experience and a stellar track record, we are committed to delivering efficient and effective debt-collection strategies that yield results.
Our seasoned legal team specializes in debt collection services, offering tailored solutions to efficiently recover outstanding debts. With a proven track record of success, we employ strategic approaches to ensure prompt and effective debt recovery for our clients. Trust us to navigate the complexities of debt collection with expertise and dedication.
Our Approach
At Benjamin Bogongo and Associates Advocates, we recognize that each debt collection case is unique. Hence, we adopt a personalized approach, meticulously evaluating every client’s circumstances and devising a bespoke strategy for optimal outcomes. Whether you’re grappling with individual or corporate debts, our seasoned team of lawyers will leave no stone unturned in ensuring the recovery of owed funds.
Key Services
Debt Recovery: Employing a multifaceted approach, we diligently pursue outstanding debts owed to our clients, employing various legal strategies to secure prompt payment.
Legal Action: Should the need arise, we are fully equipped to take legal action to enforce debt repayment, including initiating lawsuits and obtaining court judgments.
Negotiation: Leveraging our adept negotiation skills, we engage with debtors to negotiate favorable repayment terms, facilitating the recovery process sans litigation.
Asset Tracing: In instances where debtors attempt to conceal assets, we utilize sophisticated techniques to trace and locate their assets, ensuring maximum recovery for our clients.
Expertise and Experience
Backed by a team of seasoned legal professionals, we possess the knowledge and expertise to tackle even the most intricate debt collection matters. From negotiating repayment plans to pursuing legal recourse, we boast the skills and resources necessary to safeguard your interests and enhance your recovery.
At Benjamin Bogongo and Associates Advocates, client satisfaction is paramount. We prioritize clear communication, transparency, and responsiveness, ensuring our clients are kept informed and involved every step of the way. With our unwavering commitment to client-centricity, rest assured your case will receive the utmost attention and dedication it merits.
Understanding the Basics of Debt Recovery in Kenya
What is Debt Recovery?
Debt recovery represents the lawful process or the ways to get the amount you have given to someone. Simply put, it directs to the fair modes of recovering the money you gave. It is essential to state whether you can carry interest or not the funds provided.
What are the legal Methods of Debt Recovery?
1) Out of Court concession:
Arbitration, Mediation, and conciliation are efficient and fast ways to fix recovery disputes beyond the Court.
2) Civil Remedy:
A civil suit can be filed in any Court which has the appropriate jurisdiction by any aggrieved party against the defaulter
What is the terminology of Debt Recovery:
Debtor: A debtor is a person who is bound to pay back the amount that was borrowed.
Creditor: A creditor is a person who extends credit with a deal that the required amount will be paid back.
Third-party collector: A third-party collector is a person or service that is hired to get debts for a creditor.
What are the steps we take in settling down the debts you have taken?
Step 1 – Primary Consultation
The initial step is to thoroughly understand your present situation, especially if you’re facing debt-related issues, and need assistance from a Debt Recovery lawyer. We can provide you with advice on the next steps to follow. If you want to have a suggestion from our side, feel free to text or call us.
Step 2 – Perform Due Diligence
At this step, we examine the debtor in detail. We mainly want to comprehend if they have the economic capability to settle the debt, especially when the situation needs court documents to be filed.
Step 3 – Case a Letter of Demand
In this step, a Letter of demand is created to warn the debtor of possible lawful actions if the debt is not settled. It can encourage a response from the debtor if that step is to come to the negotiating plan.
The demand letter can also be presented in court, indicating that shots were made to get the debt before any step was made.
Step 4 – Look for a Response & Negotiate
After that, it is advised to wait for a response from the debtor. Commonly, a time restriction will be involved in the request letter, alerting the debtor of the next steps. In numerous cases, the debtor will answer, and we resolve to support our clients in negotiations if the debtor asks for a price plan.
Step 5 – Filing Court Papers
If the demand letter proves unsuccessful or the parties can’t reach a joint agreement on payment terms, we can then file a claim with the appropriate court. The amount and type of claim will depend on the route taken.
Step 6 – Enforcement of the decision of the court
Post any thriving court decision. The debtor may still not pay up. We will urge on the proper next steps to implement the collection
To contact Benjamin Bogongo and Associate Advocates, send us an email at info@benjaminadvocates.com or call +254 793026449 or WhatsApp at your convenience. Our legal team consists of experienced employment lawyers in Kenya and will be happy to help you.