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Litigation Collection
At clients' request, Huaxia Collection and assisting lawyers can serve as an agent to collect debts for clients by way of litigation or arbitration.
Benefits of litigation collection
Efficient collection Huaxia Collection coordinates efforts from clients, law firms designated to go into proceedings and local government agencies that have influence on debtors. With joined efforts and standard services, Huaxia Collection is able to achieve efficient collection results.
Flexible payment Huaxia Collection works with law firms on a risk-sharing basis, so we charge clients no more than only a small amount of pre-litigation fee before debts are collected. In this way, we save clients money and unnecessary spending otherwise incurred by unsuccessful litigation collection.
Satisfactory results By leveraging strength in nationwide reporting network and law firms, Huaxia Collection is able to locate debtors’ assets and help creditors to seize assets.
Litigation collection workflow
Step 1: Claim File Review
- Preparation of all pertinent documents and proves
- Review of legal evidences
- Tentative analysis of cases
Step 2: Litigation or Arbitration
- Search for debtors' assets
- Attachment and garnishment of assets
- Out-of-court settlement with debtors on behalf of clients
- Participation of court mediation or hearing
- Report of developments
Step 3: Law enforcement
- Press ruling on debtors
- Search for seizable assets
- Application for court involvement in enforcement
- Assistance in appraisal and auction of non-cash assets
Step 4: Case Closure
- Full or partial collection
- Documents for bad debt write-off
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