Debt collection agency, BPO or law firm: which one to hire for your receivables in Colombia
When a company decides to take the collection of its overdue invoices out of the office, it usually searches for “debt collection agency” and hires the […]
Pre-legal Collection
How to choose a debt collection agency in Colombia: three questions before handing over your receivables.
Every company reaches the same point: a customer who stopped answering, an invoice that has been sitting on the balance sheet for six months, and a […]
Abusive Clauses and Their Implications in Debt Collection
The recent ruling by the Superintendence of Industry and Commerce (SIC) has set an important precedent in commercial and consumer law that directly impacts collection strategies […]
How to collect on an obligation when you don’t have the invoices? Alternative documents to prove debt in Colombia
In the context of debt collection, an invoice is one of the most commonly used documents to support an obligation. However, there are cases where the […]
Import and export: how to protect against non-payment using the bill of lading
International trade opens doors to new business opportunities, but it also involves financial risks, especially in export and import transactions. A key tool to protect against […]
Salary garnishment in Colombia: When it applies and what you should consider
Salary garnishment is a legal tool that allows creditors to recover money owed by a debtor through the retention of a portion of their wages. In the context of […]
The Electronic Invoice as a Negotiable Instrument: Key Aspects for Initiating a Claim
In Colombia, the electronic invoice has gained prominence not only as an efficient billing mechanism but also as a negotiable instrument, meaning it can be used as a legal tool to enforce debt payment.[…]
Alternative Dispute Resolution Mechanisms (ADR): The Key to Efficiently Recovering Your Debts
Is your company facing challenges in collecting outstanding debts? Judicial processes can be lengthy, costly, and damaging to business relationships. There is a faster, more flexible, […]
How to Implement Artificial Intelligence in Debt Collection: A Guide for Businesses
In the management of accounts receivable, AI is revolutionizing how businesses recover overdue accounts. By automating processes, analyzing data, and predicting payment behavior, AI offers significant […]