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Debt Collection in Spain

A presentation brought to you by LawyersSpain.eu

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The Economic Context in Spain >>

• Lately, there has been an increase of the number of debts because of the economic crises that hit Spain brutally.

• A foreign investor who is doing business in Spain may have problems with debt collection.

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>> The Economic Context in Spain

• In order to recover a debt, a foreign investor may contact a law firm in Spain or he can act on his own trying to recover the amount from the debtors.

• Our Spanish lawyers  can help you collect a debt in this country.

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The Main Steps for Debt Collection in Spain >>

• When you have a debtor who doesn’t respect his payment commitment, the first step for debt recovery in Spain is sending him a claim for payment.

• This claim must contain:

your direct request; the bill for the service/product for which

you expect payment; the invoice; the term for payment etc. 

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>> The Main Steps for Debt Collection in Spain

• The claim must respect the Spanish regulations related to debt recovery and it may include the consequences of a denial.

• You may specify that, if your business partner doesn’t pay the amount due, you will sue him for debt recovery.

• After the debtor receives the claim, you may negotiate with him the installments or the terms for debt collection.

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The Legal Procedure for Recovering a Debt in Spain

• After you send the claim and you don’t receive any answer from the debtor or he doesn’t agree to your request, you may contact a Spanish attorney who will continue the legal procedure.

• The lawyer in Spain may try to recover the debt by trial or by convincing the debtor to make the payment in the terms and conditions agreed by both parties.

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Types of Debt Collection in Spain >>

• For recovering a debt in Spain, you may use an extrajudicial procedure or a court-ordered collection.

• The first procedure can be applied when both parties agree on the payment, with or without the help of a law firm in Spain.

• If an agreement can’t be reached, the lawyer

will start the judicial procedure.

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>> Types of Debt Collection in Spain

• If your debt to be recovered exceeds 2,000 euro and you will sue the debtor, you need to contact a law firm in Spain who will handle the trial.

• Our Spanish attorneys will represent you in front of the local court.

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Legal Assistance in Spain

• If you need more details about the debt collection, you may contact our law firm in Spain.

• Our Spanish lawyers will explain you the steps to be followed and the documents you need for debt collection.

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Thank you for your attention!

• For more information please contact us at:

  (+44)203-287 0408

office@bridgewest.eu

www.lawyersspain.eu