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Debt Collection in Belgium

Our economy is increasingly global these days, and many UK based businesses are doing a lot of their business overseas, particularly in France and Belgium. Debt Collection in France and Debt Collection in Belgium are very specific.

While doing business in other countries can open up valuable new markets and opportunities, it does come with potential problems, and one of these concerns debt.

If you are chasing a debt and your debtor is located in Belgium, how do you go about recovering the money you are owed? The Belgian legal system has a variety of complexities of its own, which can be bewildering for an outsider. Then there is the complication associated with the fact that more than one language is spoken in the nation, which is divided into three extremely autonomous regions, with French prevalent in some areas and Flemish in others.

Debt collection, along with many other areas of business are regulated by Belgian laws such as the Pot-Pourri I Act, the Lawyer Letter, the 2002 Law on Amicable Consumer Collection and Regulation 2016/679 of the European Parliament. Navigating through this maze of legality can be a nightmare.

Common Mistakes in Belgian Debt Collection

One of the most important details about debt collection in Belgium is to be aware that not every part of the country has the same rules. Each of the three regions has a different culture and ways of operating when it comes to business and these have to be factored into your approach.

Other details may seem strange to a UK based business. For example, a court case in Belgium may not lead to a faster resolution than an out of court settlement. Given the high numbers of cases in the courts, there is no guarantee that the court will solve the issue more quickly and in Belgium, a direct interaction with the debtor may often produce more efficient results.

Above all, the contractual and legal process in Belgium is radically different to that of England and Wales, most notably in the demand to ensure that all of the correct paperwork is filed on time and in the correct manner. Timeframes will also vary considerably, adding further layers of complication.

Need Debt Recovery in Belgium? Call in the Experts

One way to avoid the hassle and complexity of chasing debt in Belgium is to call on the services of a professional debt collection agency. For those who have no experience in international debt collection and need to initiate debt collection in Belgium, a specialist agency can ensure that the process of pursuing and securing payment is handled quickly and efficiently.

Our international debt collection network comprises of 135 regional offices covering 168 countries and each is staffed with experts who possess in-depth knowledge of the relevant rules, regulations and customs in local market. In Belgium, we have a track record of successful cross-border debt recovery and our debt collection methods employ the latest in technological recovery tools, combined with a relationship-based approach that will help to preserve your vital business relations. We are also a proud member of the TCM Group.

So if you need to recover a Belgian debt, get in touch with us today and find out how our debt collection team who can serve your needs, enabling you to focus on growing your business.

 

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