General Debt Collections Section in Greece – My Terms and RatesGeneral Debt Col
B2B Debt Recovery in Greece: A Surgical Approach
No call centers, no scripts. Just a targeted, data-driven strategy to reclaim what’s yours.
TL;DR: We provide specialized B2B debt collection services in Greece, targeting businesses and personal guarantors of commercial debt. Our process escalates logically from direct contact to pre-legal pressure and, if necessary, court action. We operate on a transparent, “no-collection, no-fee” contingency basis for viable claims over $10,000, ensuring our success is tied directly to yours.
Chasing unpaid invoices in Greece often feels like an exercise in futility. It’s time for a reality check. We don’t employ armies of agents reading from scripts. We use a scalpel, not a sledgehammer. Each case is dissected and analyzed to determine the most effective strategy, maximizing the probability of recovery. Our focus is singular and absolute: collecting from businesses and their personal guarantors. We do not handle consumer debt.
The Recovery Process: A Phased Escalation
Our methodology is a disciplined, multi-stage process designed to apply increasing pressure while minimizing your upfront costs.
Phase 1: Direct Engagement
The first step is always direct and professional contact. We attempt to reach the debtor by phone. If they are unresponsive, we immediately escalate to formal communication via mail, fax, and email, dispatching a Final Notice Form. For debtors located in the Athens and Piraeus areas, we can program a personal visit to their place of business or residence to underscore the seriousness of the matter.
Phase 2: Pre-Legal Pressure
What happens when a debtor outright refuses to pay or stalls after making initial payments? We don’t immediately rush to court. The next logical step is a strategic escalation.
We advise serving an Out of Court Notice and Demand via a court bailiff. This action formally elevates the dispute, creating significant psychological and legal pressure on the debtor to comply without the immediate cost of a full lawsuit.
The cost for this service is a direct pass-through of the bailiff’s fee, typically ranging from €50 to €120. In cases where the debtor is deliberately absent and cannot be served directly, Greek law requires public notification through newspaper publications, raising the bailiff’s cost to approximately €400-€550.
Phase 3: Surgical Legal Action
If pre-legal pressure fails, we don’t proceed blindly. We demand data. Before advising legal action, we conduct critical due diligence to ensure you aren’t throwing good money after bad.
- Asset Verification: We initiate a search to confirm the debtor owns property or assets that can be foreclosed upon. This prevents costly and fruitless legal pursuits against insolvent entities.
- Bankruptcy Check: We verify the debtor’s current legal status, including any bankruptcy filings.
Only with this intelligence in hand do we provide a clear recommendation on whether to file for an ex parte court order (a swift, one-sided hearing) or a comprehensive lawsuit, drafted with meticulous care.
Due Diligence & Transparent Costs
Success in collections is built on information. To arm ourselves effectively, we require key data points from the outset.
Investigation & Search Fees
- Credit & Financial Status Report: A comprehensive report requires the debtor’s VAT (IRS) number, father’s name, and all relevant case documentation. The flat fee for this crucial intelligence is €100.
- Land Registry Search: To identify real estate assets, we conduct a search of the relevant Land Registry and Cadastre. The cost is €150 for the first registry search, plus €80 for each additional registry required.
Our Fee Structure: A Performance-Based Partnership
Our model is simple and aligns our interests with yours: If we don’t collect, you don’t pay a fee. Our compensation is a percentage of the funds we successfully recover for you.
| Amount Collected | Our Contingency Fee |
|---|---|
| $500,000+ | 10% |
| $50,000 – $499,999 | 15% |
| $10,000 – $49,999 | 20% |
Important Note: The fee percentage is calculated on the amount recovered within each bracket, not on the total sum. For example, on a $60,000 recovery, the fee would be 20% on the first $49,999 and 15% on the remaining $10,001. A 23% VAT is applicable to our fee. We maintain a high success rate on viable claims, and our effectiveness is typically independent of other creditors pursuing the same debtor. The minimum claim size for new clients is $10,000.
Navigating the Greek Legal System
- Ex Parte Court Orders: How long does it take? In most cases, a decision is awarded by the court within a maximum of 15-30 days.
- Time-Barred Claims: What if the statute of limitations has expired? We don’t give up. We pursue alternative legal avenues, particularly on the basis of the debtor’s unjust enrichment at your expense.
Key Takeaways
- B2B Specialist: We only handle commercial debt collection against businesses and their guarantors.
- Phased Approach: Our process escalates from direct contact to legal action, based on a cost-benefit analysis at each stage.
- “No Collection, No Fee”: Our primary compensation is a contingency fee based on successful recovery.
- Data-Driven: We insist on due diligence (asset and credit checks) before recommending costly legal action.
- Legal Expertise: We navigate Greek legal specificities, including swift court orders and strategies for time-barred debts.
Take Action
Stop allowing delinquent accounts to damage your bottom line. It’s time to move from passive waiting to decisive action.
Contact us today for a confidential, no-obligation assessment of your claim. Email [email protected] or call (0030) 693-6428888 to begin the recovery process.
