Debt Recovery in Pakistan
BAD DEBT RECOVERY PROCESS in Pakistan and UAE is having somehow same process to take place. We can go into arbitration on behalf of our client to resolve payment issues and settle a payment plan, alternatively recovery suit can be filed in the civil court to recovery the pending amount.
BAD DEBT RECOVERY PROCESS When both Parties are in Pakistan, it is easy to negotiate and file the recovery suit. When the Debtor is in Pakistan and the creditor party that may be individual or company is out of Pakistan. The documents should be attested from local foreign office and then from Pakistani embassy and later we can file recovery suit in the court. As we discussed in the payment issue is resolved in Arbitration then it is easy and cost effective way to recover the money but if the parties don’t agree then we can file recovery suit in the court and we need proper information before filing recovery suit

The following information must be in order.
- The presence and legal status of the individual or company.
- The debtor financial position, liquidity situation, hard assets details.
- Address of the debtor
- All the document related to transaction, e.g. contract, invoice, delivery note, local purchase order, correspondence etc.
- Is there enough evidence against them to pursue the matter in Court?
Similarly, the recovery process in UAE following the same protocol, all the above requirement must be fulfilled before entering into any recovery suit.
The fees vary depending on the situation, amount of recovery and complexity of each case.
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