Top-Rated Debt Collection Agency in Lebanon
Fast and reliable debt collection in Lebanon - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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In Lebanon, recovering your debt can be achieved through the simplest means possible.
Debitura specializes in debt recovery services in Lebanon, which includes a comprehensive range of solutions such as accounts receivables management, pre-legal and legal debt recovery, enforcement court proceedings, and issuance of debt collection notices. Our team of experienced professionals is well-versed in Lebanon's debt collection laws and regulations. We aim to provide businesses with efficient and effective solutions to recover outstanding debts.
Receive unwavering assistance from beginning to end.
Tailored debt recovery approach.
We have a team of more than 500 professionals who specialize in international debt collection.
We achieve a 87% success rate with the lowest cost.
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Ghanem Law Firm is one of the most reputable Law Firms in Lebanon. It was founded in the city of Beirut-Lebanon in year 1997.The firm provides legal counsel and represents a diversity of local and global Group Companies and individual clients with high expertise in Debt collection.
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Airut Law Offices is best known for the diversity of clients it handles and the diversity of industries in which these clients evolve Moreover the partners in the department have developed over the years a strong reputation as regards quality efficiency and responsiveness to clients needs Both partners are much business minded
KAP Law Firm is a Lebanese law firm with decades of corporate, civil, and criminal law experience, including pre-legal and legal debt collection.
Our team of Lebanese and international lawyers provides world-class services in many areas of law. We strive to provide practical solutions in the field of our clients' businesses and successfully resolve their disputes. Our continuous commitment to our values and the ethics of our profession formed the secret of our continuity and reputation.
TOHME LEGAL is a Lebanese International full range Law firm we offer our expertise to both local and foreign clients, businesses and individuals, complex or simple cases, our methods are highly efficient and get the job done.
M&A IS recognized as one of the leading law firms in Lebanon and is a legal 500 EMEA Firm in the spotlight for three consecutive years. Additionally, the firm has been given awards by prestigious legal publications as well as global law experts which were judged based on clients' testimonials, market activity, reputation.
We are, first and foremost, experts in law. Many of our lawyers are recognised leaders in their field. But we are also partners in business with a focus on implementing practical solutions that deliver results.
The ultimate guide about debt collection in Lebanon
If you are owed money by a business or customer in Lebanon, we can help you! We have helped hundreds of other businesses get their money back from people who owe them. It can be very hard to get your money back from someone in another country, but we know how to do it. Let us help you!
At Debitura, we always put people first. This means that we will try our best to get your money back while still being fair to the person who owes you money. Our PR efforts are always fair but firm- which means that we will make sure your reputation is not hurt in the process. If you want to learn more about how to collect debt yourself in Lebanon, keep reading this guide. If you would rather work with a law firm that specializes in this kind of thing, we can help you with that too.
At Debitura, we make it easy to collect your debt in Lebanon and other countries. To get started, upload your claim today. We will review your case and provide you with 3 free quotes from local debt collection lawyers within 24 hours. We try to work with people and use the latest technology to get the best results. This comprehensive method gets the results you need while still allowing us to have good relationships with customers. In addition, we have a lot of relationships with different people who help us get things done, and we value all of these relationships.
Upload claim
Begin collecting your debt in Lebanon today without any cost. Simply create a free profile and upload your case within 2 minutes.
Pre-legal
During the initial 3 months, we will attempt to recover your debt using our successful pre-legal recovery approach. There is no charge unless we effectively recover the claim.
Legal
If your debt has not been paid in the pre-legal phase, we will offer you three quotes from our local debt collection attorneys.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Lebanon
Do you have a hard time getting paid by your Lebanese customers? We can help you get paid easily. When collecting debt in Lebanon, the party who owes the debt is called “the debtor”, and the party who has issued the debt or invoice is called “the creditor”. If the original creditor collects the debt himself, this is called “first-party collection”. If the creditor outsources the collection process to a third party, this is called “third-party collections”.
The debt collection process in Lebanon
The debt collection process in Lebanon typically involves multiple steps.
The image below explains our standard process for collecting debts in Lebanon:
1 Upload your claim:
If you want someone to help you get your money back, you will need to find a debt collection partner. This is someone who will help you get your money back from the person or company you are owed money from. You can find a partner by going onto websites like Debitura. Once you find a partner, they will help you get your money back.
2 Amicable collection:
If someone owes you money, we can help you try to get it back. We will send reminders to the person who owes you money using email, SMS, and other ways. If they agree to pay you back or start a payment plan, then we have done our job and you only have to pay us a small success fee. If we can't get the person to pay you back, then you don't have to pay us anything!
3 Evaluation:
If you have not received payment from the debtor after trying to work things out, it is time to look at what to do next. We will look at the size of your claim, how likely it is that you will get paid and other factors. There are three typical next steps:
A: Surveillance:
If your claim is below 2,000-5,000 Euros, it might not be worth it to take any more legal actions. In this case, we recommend "debt surveillance." This means that we will keep trying to contact the person you owe money to and try to reach an agreement about how much they will pay you back.
B: Legal collections:
We suggest beginning a court procedure for bigger complaints. The exact procedure depends on the kind and amount of your complaint. Usually, the procedure is expected to take one year to one and a half years.
C: Debt enforcement:
If the person you are owed money from has said that they owe you money or if there is a court order, you can go to the bailiff's court to get your money.
At Debitura, we can help you with all three steps in Lebanon.
Amicable collection in Lebanon
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. All you have to do is submit your claim, and we will get started within 24 hours.
We will try to contact the person you owe money to using different ways, like email, text messages, letters, phone calls, and social media.
The goal is to:
A) Get the person who owes you money to pay everything they owe.
B) Get the person who owes you money to say that they owe you money and start making payments.
If the person you are trying to get money from has said that your claim is not true, you cannot try to work it out peacefully. You must start with legal action.
Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
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Legal collection in Lebanon
If we haven't been able to get the money you're owed during the friendly phase or the person you're owed money from disputes your claim, we'll give you 3 free quotes from local debt collection attorneys. In the legal phase, our local attorney will reach out to your debtor and try to negotiate a payment. Our partners can also go to court and get a payment order from the legal system in Lebanon. This payment order can then be used to force your debtor to pay via enforcement court.
The amount you will pay for legal fees depends on how difficult your case is and how big your claim is. To get the best price, it is a good idea to compare quotes from different attorneys. You can do this easily by using Debitura.
Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
Debt enforcement in Lebanon
If you have written proof that the person you are suing owes you money, or a court order, you can go to the bailiff's court in Lebanon to get your money.
The way to do this and how much it costs depends on your situation. You can put your information onto Debitura, and within 24 hours, you will get 3 different quotes to help you make a decision.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Lebanon
If the person you lent money to cannot pay you back, you can do something called an insolvency procedure. This is when you try to get back the money by selling the things that the person owns. You give the money to the people who lent money to the person, following a list of priorities.
Our analysis concludes that the risk of running a business in Lebanon is high. Based on this high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Lebanon, as it may be very difficult to get paid. The high risk score is based on the following factors: INSERT FACTORS. THEY ARE
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The economic risk in Lebanon
Our conclusion based on the economic risk factors, is that the economic risk in Lebanon is very high (6 out of 6). An economic risk of 6 out of 6 is high in Asia.
GDP and economic growth are critical drivers for economic risk.
The GDP of Lebanon is 18,08 bn. USD (2021), growing by -10,52% per year.
In terms of the size of its economy, Lebanon ranks #116 out of 183 countries and has a medium-sized economy.
In terms of growth rate, it is ranked #174 out of 183 countries and is therefore considered a declining economy.
GDP per capita is 2670 USD, ranking Lebanon number #124 out of 183 countries. This means the purchasing power of citizens in Lebanon is low compared to the rest of the world.
You get a more detailed idea of GDP and economic growth in Lebanon in the table below:
Another significant influencer for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Lebanon in the table below:
The inflation in Lebanon was 154,8% in 2021 which is considered a very high inflation rate.
The business environment risk in Lebanon
Our analysis shows that the business environment risk in Lebanon is very high (6 out of 6), which is a high risk score in Asia.
Economic freedom and rights has a big influence on the business environment risk in a country. Take a look at the important facts for Lebanon in the table below:
As you can see in the table, the property rights index is 42 in Lebanon, which is considered low in Asia.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 44 in Lebanon, a low score for a country in Asia.
Lebanon's overall economic freedom index is 51 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Lebanon
The political risk in Lebanon is very high, with a score of 6/6. This is a high political risk score in Asia.
The governance and political stability indicators are critical drivers for political risk. An overview of Lebanon can be seen in the table below:
The rule of law index analyses to which extent agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the quality of the courts, and the police's ability to enforce court orders.
When doing business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Lebanon, the rule of law index is at -1,07 points, with the score going from -2.5 (weak) to 2.5 (strong). Lebanon has, therefore, a very low rule of law index, which means it is often close to impossible to enforce your contracts. We, therefore, recommend avoiding credits and recommend charging upfront payment instead.
Other drivers for the very high political risks are the very weak control of corruption, the very weak political stability index, and the large shadow economy that is 29,16% of Lebanon's GDP.
The commercial risk in Lebanon
In Lebanon, the commercial risk score is 4/4, which in our model is a high score. This high commercial risk score is high compared to the average in Asia.
The commercial risk is influenced by a country's international trade relationships. You can see some of the key facts for Lebanon in the table below:
Lebanon has a foreign exchange reserve of 35.24 bn. USD.
The financing risk in Lebanon
We have calculated the financing risk to be 4/4, which equals a high risk. A high financing risk score is high for countries in Asia.
The country's banking system, efficiency, and stability influence the financing risk. You can find the extra information for Lebanon in the table below:
In Lebanon, the credit information sharing index is 6 on a scale from 0 (low) to 8 (high). This means the accessibility and quality of credit information available in Lebanon is medium.
This makes it easy for you to understand the credit risk of your counterpart in Lebanon. Based on this, it should be possible to to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your rights as a creditor are 2 out of 12 and, therefore, very weak.
Debt Collection in Lebanon: Frequently Asked Questions (FAQ)
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When collecting debt in Lebanon, the party who owes the debt is called "the debtor", and the party who has issued the debt or invoice is called "the creditor". The debt collection process in Lebanon typically involves multiple steps, including amicable collection, evaluation, surveillance, legal collections and debt enforcement. Debitura can assist you with all three steps in Lebanon.
The debt collection process in Lebanon involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders through email and SMS to the debtor to resolve the issue amicably. If not successful, evaluation is done to decide between surveillance, legal collections, or debt enforcement depending on the claimed amount. At Debitura, we help with all three steps in Lebanon.
In Lebanon, if a debt is disputed, a civil lawsuit is required. Legal options for debt collection also include debt enforcement and insolvency proceedings. It is important to note that legal actions require assistance from a local lawyer. Our platform can provide you with 3 free quotes from local debt collection attorneys and help you compare prices to get the best deal. Insolvency procedures can also be used to sell the debtor's assets to pay off the debt.
Debitura offers a no-cure-no-pay model for pre-legal debt collection in Lebanon, with a success fee between 10-20%. The cost for legal actions varies based on your case and desired actions. Debitura can provide 3 quotes from top debt collection lawyers in Lebanon to help you find the best price.
The duration of debt collection in Lebanon varies depending on the debtor and the case. If the case can be resolved in the pre-legal phase, it usually takes around 3-6 months. However, if legal actions are required to collect the debt, the process typically takes 12-18 months. Ultimately, the duration of the process will depend on the specifics of the case at hand.
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