Understanding Contract & Legal Debt Recovery

Debt recovery is a process of recovering or seek payment of debt from individuals, businesses or companies in the event of refusal or delays in payment of debts.

In Malaysia, it is not uncommon for creditors to resort to legal action when all other attempts to elicit payment from a recalcitrant debtor have failed. However, by understanding the Business contracts, you could well not having to resort to legal actions after all.

In workshop, answers all the pertinent questions that you face in real-life and offers you an insight on what can be done best to recover debts and still continue your business.

By the end of the workshop, you will be able to:

• understand legal contract terms in your agreements
• understand how to draft Credit Terms better
• use “Out of Court” to recover debts
• understand how court debt recovery works
• understand how to enforce court judgement of seizure of debtors’ assets

-Credit Assistants, Executives & Managers

-Finance,  Accounts & Admin. Executives and Managers

-Executives to Senior Managers

-Marketing Professionals in-charge of collection

Module 1: Interpreting & Understanding Business Contracts

• Understand common legal contract terms to protect your business interests to reduce your risk of liability and loss
• Understand common legal contract terms to prevent or reduce the risk of bad debts
• Understand, discuss and negotiate common legal terms with your partners/vendors/clients
   

Module 2: The Cheapest & Fastest Ways to legally recover Bad Debt

• How to strengthen your internal SOPs to reduce risk of bad debt
• How to use *Out of Court* legal debt recovery method as a means to recover debt more quickly and cheaply without going to court
• How the court debt recovery process works and what you can expect
• How to enforce a court judgment to seize a debtors’ assets, freeze bank accounts and potentially jail debtors for failure to pay

Interactive presentation & input and open discussion