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The ultimate guide about debt collection in Libya

If you are owed money by a business or customer in Libya, we can help you. We have helped hundreds of businesses get their money back from people in Libya.


It can seem impossible to collect a debt in Libya. Language and cultural barriers, foreign laws and customs, and sheer distance all make it very hard.


Debt recovery is simpler when you use a collection agency that knows the laws and customs of the country where the debtor lives.


At Debitura, our number one priority is always the person owing the debt. We do everything we can to get your money back while still keeping a good relationship with the customer. Our efforts are fair, but firm- making sure your reputation is in good standing is our top priority! If you would like to read more about how to collect the debt yourself and understand the Libyan debt collection process from start to finish, continue reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Libya, we are here to help.

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The debt collection process in Libya

The debt collection process in Libya is typically conducted in multiple steps.


The image below explains the standard process for collecting debt in Libya:

The debt collection process in Libya here:

1 Upload your claim:

If you want someone to help you get your money back, you will need to find a debt collection partner and upload your claim to their website. If you use Debitura, we will provide you with 3 quotes from local partners in the African country relevant to your case. This is 100% free - no strings attached.

2 Amicable collection:

The collection process begins with sending reminders to the person who owes you money. The reminders are sent through email, SMS, letter, and other ways. The goal is to get the debtor to pay or agree that they owe the debt and start a payment plan. We offer a no-cure-no-pay solution for amicable collection, which means you only have to pay a small success fee if we recover your debt. Amicable collections with Debitura are 100% risk-free!

3 Evaluation:

If the person you are owed money from has not paid you back after you have talked to them, it is time to look at what to do next. We will look at how much money you are owed, the chance of getting paid back, and other factors to help you decide what to do. There are three typical next steps:

A Surveillance:

If your claim is for less than 2,000-5,000 euros, it is often not worth it to take more legal action. In this case, we recommend "debt surveillance." This means we will keep trying to talk to the person you owe money to and try to agree on a settlement that is fair for both sides.

B: Legal collections:

It's a good idea to go through a legal process if you have a big claim. The steps you'll need to take will vary depending on what kind of claim it is and how big it is. Usually, it will take around a year and a half to finish the whole process.

C: Debt enforcement:

If the person you are owed money from has agreed that you are owed money, or if there is a court order, you can go to the bailiff's court.


At Debitura, we can help you with all three steps in Libya. We will be there to assist you every step of the way.

01
Amicable Collection Phase

Initiate with a friendly, out-of-court collection aimed at an amicable resolution. This phase generally includes: Direct Communication, Reach out to your debtor to understand the payment delay. Payment Reminders: Use various communication methods (email, SMS, letters) for sending reminders. Formal Notice: Issue a formal notice letter, outlining the debt and the consequences of non-payment.

02
Court Proceedings

If the amicable approach fails, escalate the matter through legal proceedings to obtain a court judgment, essential for debt enforcement.

03
Debt Enforcement

With a court judgment in hand, you can pursue coercive measures like asset seizure and sale, referred to as debt enforcement.

04
Bankruptcy Proceedings

In cases where the debtor has no assets for seizure, consider filing for bankruptcy. If the debtor is already bankrupt, submit your claim promptly for verification.

Get streamlined, effective recovery support at every stage. Start your claim quickly with our hassle-free, no-fee service.

Tap into Debitura's expert network of local debt recovery bailiffs and lawyers. Start your claim now.

Introduction to collecting debt in Libya

Do you have trouble collecting money from your Libyan customers? Do not worry; we can help you get paid by your Libyan customers easily.


In Libya, the person who owes money is called the debtor, and the person who gave them the money is called the creditor. If the creditor collects the debt themselves, this is called first-party collection. If they give someone else to do it, this is called third-party collections.

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5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
“Debitura made the daunting task of debt collection Libya feel entirely manageable. They gave us clear information and support from start to finish. Their professionalism and expertise were invaluable!”
Jamal El-Mahjoub - Chief Financial Officer (CFO)
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"Debitura helped us with debt recovery Netherlands and provided exceptional service. They were efficient, professional, and helped us collect what we were owed."
Katharina Schmidt - Controller
4.97/5
Average rating based on feedback from over 600 satisfied clients
87%
Average debt recovery rate, exceeding industry standards
100M+
Debt recovered for our clients in the past 18 months

The debt collection process in Libya

The debt collection process in Libya is typically conducted in multiple steps.


The image below explains the standard process for collecting debt in Libya:

The debt collection process in Libya here:

1 Upload your claim:

If you want someone to help you get your money back, you will need to find a debt collection partner and upload your claim to their website. If you use Debitura, we will provide you with 3 quotes from local partners in the African country relevant to your case. This is 100% free - no strings attached.

2 Amicable collection:

The collection process begins with sending reminders to the person who owes you money. The reminders are sent through email, SMS, letter, and other ways. The goal is to get the debtor to pay or agree that they owe the debt and start a payment plan. We offer a no-cure-no-pay solution for amicable collection, which means you only have to pay a small success fee if we recover your debt. Amicable collections with Debitura are 100% risk-free!

3 Evaluation:

If the person you are owed money from has not paid you back after you have talked to them, it is time to look at what to do next. We will look at how much money you are owed, the chance of getting paid back, and other factors to help you decide what to do. There are three typical next steps:

A Surveillance:

If your claim is for less than 2,000-5,000 euros, it is often not worth it to take more legal action. In this case, we recommend "debt surveillance." This means we will keep trying to talk to the person you owe money to and try to agree on a settlement that is fair for both sides.

B: Legal collections:

It's a good idea to go through a legal process if you have a big claim. The steps you'll need to take will vary depending on what kind of claim it is and how big it is. Usually, it will take around a year and a half to finish the whole process.

C: Debt enforcement:

If the person you are owed money from has agreed that you are owed money, or if there is a court order, you can go to the bailiff's court.


At Debitura, we can help you with all three steps in Libya. We will be there to assist you every step of the way.

Amicable collection in Libya

At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. This means that you can submit your claim to us, and we will get started on it within 24 hours.


We will try to contact your debtor in Libya through different methods, including email, text messages, letters, phone calls, and social media.


The goal of this process is to either:


A) get the debtor to pay the full amount, or
B) get the debtor to agree that they owe the money and start a plan to pay it back.


If the person you are trying to get money from has said that they do not owe you money, you cannot try to resolve this peacefully. You must start by going through the legal process.

Amicable Collection - Key Takeways

Introduction to collecting debt in Libya

Do you have trouble collecting money from your Libyan customers? Do not worry; we can help you get paid by your Libyan customers easily.


In Libya, the person who owes money is called the debtor, and the person who gave them the money is called the creditor. If the creditor collects the debt themselves, this is called first-party collection. If they give someone else to do it, this is called third-party collections.

Explore our step-by-step guide for amicable debt collection
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Free Demand Letter Template

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amicable debt collection

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Find a Debt Collection Lawyer

Finding the right lawyer for judicial debt collection is crucial. Debitura offers a streamlined 'Find a Lawyer' service, drawing from our network of 500+ local attorneys across the globe. Describe your needs and quickly get tailored proposals from up to three top lawyers.

Your Benefits at a Glance:

  • Verified Lawyers: Access vetted professionals for reliable representation.
  • Free Matching & Quotes: Get matched and receive quotes with no hidden fees.
  • Competitive Rates: Benefit from fair, negotiated pricing for quality services.

Explore the profiles of our esteemed local partners below and take the first step towards securing your legal advantage with Debitura.

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Debt enforcement in Libya

If you have a written acknowledgement of your claim from the debtor, or a court order, you can use the bailiff's court in Libya to force the debtor to pay you in Libya.

The steps you need to take and the amount of money it will cost vary depending on your situation. You can upload your case information to Debitura, and they will give you three different quotes within 24 hours.

Debt Enforcement - Key Takeways
Explore the cost and time frame for debt enforcement
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Explore asset seizure and salary attachment options
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Get started with debt enforcement. Create a free profile, and get 3 quotes from local lawyers.

Get started with
debt enforcement

Upload your claim and get 3 FREE quotes from our local collection partners.

100% free
Get the best price
No-cure-no-pay
Fast collection process
High recovery rate
100%
Risk free
Upload claim!
Insolvency Proceedings - Key Takeways
Explore our step-by-step guide for insolvency proceedings
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Collecting cross border claims - Key Takeways
Explore cross border collection options
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Country Risk Rating

The analysis is concluding that the risk of doing business in Libya is high. Based on this high score, we recommend always charging upfront payment or using credit insurance when trading with customers in Libya, as it may be very difficult to get paid. The high risk score is based on the following factors:

Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Key Takeways
Explore Payment Trends and DSO
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Explore detailed country risk analysis

The economic risk in Libya

Economic risk in Libya is very high (6 out of 6). An economic risk of 6 out of 6 is relatively high in Africa.

GDP and economic growth are critical drivers for economic risk.
The GDP of Libya is 41,88 bn. USD (2021), growing by 31,37% per year.

In terms of the size of its economy, Libya ranks #87 out of 183 countries and has a medium-sized economy.

In terms of growth rate, it is ranked #1 out of 183 countries and is therefore considered a fast-growing economy.

GDP per capita is 6018 USD, ranking Libya number #87 out of 183 countries. This means the purchasing power of citizens in Libya is pretty average compared to all the countries in the world.

You can see a more throughout picture of GDP and economic growth in Libya in the table below:

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP31,37%
Gross Domestic Product, billions of U.S. dollars41,88
GDP per capita, current U.S. dollars6018,45
GDP per capita, Purchasing Power Parity21260,43

Another significant influencer for the economic risk score is the inflation rate and the interest rates. You can see a more throughout overview of monetary data points in Libya in the table below:

The business environment risk in Libya

Our analysis shows that the business environment risk in Libya is very high (6 out of 6), which is a high risk score in Africa.

Economic freedom and rights determine the business environment risk in a country. Take a look at the important facts for Libya in the table below:

Economic freedom indexLatest value
Property rights index (0-100)17
Freedom from corruption index (0-100)21
Business freedom index (0-100)38
Monetary freedom index (0-100)69,7
Investment freedom index (0-100)5

As you can see in the table, the property rights index is 17 in Libya, which is considered low in Africa.

The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 38 in Libya, a low score for a country in Africa.

The political risk in Libya

The political risk in Libya is very high, with a score of 6/6. This is a relatively high political risk score in Africa.

The governance and political stability indicators are important drivers for political risk. An overview of Libya can be seen in the table below:

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-1,78
Government effectiveness index (-2.5 weak; 2.5 strong)-1,72
Control of corruption (-2.5 weak; 2.5 strong)-1,57
Political stability index (-2.5 weak; 2.5 strong)-2,37
Corruption Perceptions Index, 100 = no corruption17
Shadow economy, percent of GDP38,27%

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 transacting business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.

In Libya, the rule of law index is at -1,78 points, with the score going from -2.5 (weak) to 2.5 (strong). Libya 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 very large shadow economy that is 38,27% of Libya's GDP.

The commercial risk in Libya

In Libya, 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 Africa.

The financing risk in Libya

We have calculated the financing risk to be 4/4, which equals a high risk. A high financing risk score is relatively high for countries in Africa.

The country's banking system, efficiency, and stability influence the financing risk. You can find the extra information for Libya in the table below:

Banking system efficiency and stabilityLatest value
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)0
Credit information sharing index, 0 (low) - 8 (high)0

In Libya, the credit information sharing index is 0 on a scale from 0 (low) to 8 (high). This means the accessibility and quality of credit information available in Libya is very low.

This makes it very difficult for you to understand the credit risk of your counterpart in Libya. Unless you have a strong relationship with your customers in Libya, we highly recommend charging payment upfront or using credit insurance.

Your rights as a creditor are 0 out of 12 and, therefore, very weak.

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Why Debitura is Your Trusted Authority in Debt Collection

At Debitura, we uphold the highest standards of impartiality and precision to bring you comprehensive guides on international debt collection. Our editorial team boasts over a decade of specialized experience in this domain.

By the Numbers:

  • Over 10 years of expertise in international debt collection.
  • Network strength: More than 100 local attorneys worldwide.
  • Recovery success: $100 million in debt recovered for our clients in the last 18 months alone.
  • Client trust: An exceptional average rating of 4.97 out of 5, reflecting feedback from over 600 satisfied clients.

Meet the Author: Robin Tam is the cornerstone of our content's credibility. With 16 years dedicated to international debt collection, Robin's expertise is unparalleled. As a leading partner at Debitura, Robin embodies the knowledge and integrity we stand for.

Contributors to This Guide: In our commitment to accuracy, this article has been reviewed and enhanced by esteemed local attorneys, each bringing their specialized legal insights to ensure the information we provide is thoroughly vetted and current:

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