Top-Rated Debt Collection Agency in Turkmenistan
Fast and reliable debt collection in Turkmenistan - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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Recovering your debt in Turkmenistan is made easy.
Debitura has expertise in debt recovery services in Turkmenistan. Our team of experienced professionals offers a comprehensive range of services, such as accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. We have in-depth knowledge of Turkmenistan debt collection laws and regulations, which helps us provide efficient and effective solutions to help businesses recover outstanding debts.
Receive unwavering assistance from beginning to end.
Tailored approach to debt recovery.
We have over 500 experts specializing in international debt collection.
Our lowest cost debt collection services have a success rate of 87%.
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The ultimate guide about debt collection in Turkmenistan
If you are owed money by someone in Turkmenistan, we can help you get your money back. We have helped hundreds of other businesses recover debt in Turkmenistan.
Collecting a debt in Turkmenistan can seem impossible, but it is simpler when you use a collection agency that knows the laws and customs of the country where the debtor resides.
At Debitura, we always put people first. This means that we will try our best to get your money back while still keeping a good relationship with the person you borrowed from. Our efforts are always fair and firm- making sure your reputation is our number one goal! If you want to learn more about the Turkmen debt collection process, keep reading this guide. But if you would rather work with a local law firm that specializes in getting money back from people, we can help you with that too.
At Debitura, we make it easy to collect your debt in Turkmenistan 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 in Turkmenistan within 24 hours. We use a people-oriented approach with modern technology to get results and manage customer relationships better. Our network of debt collectors, attorneys, suppliers, and vendors helps us get the job done. We appreciate all these relationships, no matter how big or small.
Upload claim
Begin the debt collection process in Turkmenistan today without any cost. Simply create a free profile and upload your case in 2 minutes.
Pre-legal
During the initial three months, we will use our effective pre-legal recovery process to attempt to collect your debt. This service is offered under a no-cure-no-pay policy, meaning you won't be charged unless we're successful in recovering your funds.
Legal
If your claim remains unpaid in the pre-legal phase, we offer you three quotes from our nearby debt collection lawyers.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Turkmenistan
Do you have a hard time collecting debt in Turkmenistan? Don't worry, we can help you get paid by your Turkmen customers. When collecting debt in Turkmenistan, 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 Turkmenistan
In Turkmenistan, the debt collection process usually happens in more than one step.
The image below explains the process we use to collect debt in Turkmenistan:
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 Asia country relevant to your case. This is 100% free - no strings attached.
2 Amicable collection:
The collection process typically begins with sending reminders to your debtor via email, SMS, letter and other ways in the specific country. The goal is to get the debtor to pay or acknowledge the debt and start a payment plan. We offer a no-cure-no-pay solution for amicable collection, which means that you only pay a small success fee if we recover your debt. Amicable collections with Debitura are risk-free!
3 Evaluation:
If the person you loaned money to hasn't paid you back after you talked to them, it is time to decide what to do next. We will look at how much money you are owed, the chance of getting paid back, and other things to help you decide what is the best thing to do. There are three typical next steps:
A: Surveillance:
If your claim is less than 2,000-5,000 euros, it is not worth it to take any more legal action. 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.
B: Legal collections:
We suggest that you begin a legal process if you have a big claim. The way the process goes will depend on what your claim is about and how big it is. Usually, it takes around 1 to 1 and a half years to finish the process.
C: Debt enforcement:
If the debtor has acknowledged your claim or you have a court order, you can use the bailiff's court to enforce your claim.
If the person you think owes you money has said that they do, or if there is a court order, you can go to the bailiff's court to get your money.
Amicable collection in Turkmenistan
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. To get started, simply submit your claim, and we will begin within 24 hours.
We will try to reach your debtor in Turkmenistan using different ways, such as email, text messages, letters, phone calls, and social media.
The goal is to:
A) Get them to pay the whole amount at once.
B) Get them to agree that they owe the money and start paying it back in small amounts over time.
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 with them. You must go straight to legal collections.
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 Turkmenistan
If the other person has not paid you back during the first phase or if they disagree that they owe you money, we will give you 3 free quotes from our local debt collection attorneys. During the legal phase, our local attorney will contact the person who owes you money and try to work out a plan for them to pay you back. Our partners can also go to court and get an order from the judge that says the other person owes you money. This order can be used to make the other person pay you back.
Different lawyers charge different prices for their services. To make sure you're getting the best deal, we recommend that you get multiple 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 Turkmenistan
If you have a written acknowledgement of your claim from the debtor, or a court order, you can use the bailiff's court in Turkmenistan to enforce your claim.
The process and how much it costs depend on your specific case. You can upload your case to Debitura to get 3 different quotes within 24 hours.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Turkmenistan
If the person you lent money to cannot pay you back, you can start a legal process called insolvency. The goal of this is to sell the person's things and give the money to the people they owe, following a set order.
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Debt Collection in Turkmenistan: Frequently Asked Questions
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In Turkmenistan, debt collection usually happens in multiple steps. The process begins with uploading your claim and sending reminders to your debtor. If the debtor does not pay, it's time to evaluate your options which could include debt surveillance or legal collections. If the debtor acknowledges their debt or after obtaining a court order, you can enforce your claim through the bailiff's court. We provide a risk-free, no-cure-no-pay solution for amicable collection. Contact us to get your money back from your Turkmen customers.
In Turkmenistan, debt collection usually happens in three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor to pay or start a payment plan. Legal debt collection may take 1-1.5 years and is recommended for big claims. Debt enforcement can be initiated when there is an acknowledgment of debt or a court order. Debitura offers a free tool for uploading your claim to find local partners to recover your debt, and a risk-free, no-cure-no-pay option for amicable collection.
In Turkmenistan, if a debt is disputed, a civil lawsuit is required. Legal options for debt collection also include debt enforcement and insolvency proceedings. It's important to note that legal actions require a local lawyer. Our local debt collection attorneys can assist in resolving these issues and obtaining court orders if necessary. It's recommended to receive multiple quotes from different attorneys to ensure the best deal.
Debitura offers a no-cure-no-pay model for pre-legal collection in Turkmenistan with a 10-20% success fee. Legal action costs vary depending on your specific case and desired actions. We can provide 3 quotes from top debt collection lawyers in Turkmenistan to help you make an informed decision.
The duration of debt collection in Turkmenistan varies depending on the debtor and the case. If the case is resolved in the pre-legal stage, it usually takes 3-6 months. However, if legal action is required, it may take 12-18 months. It is important to note that the duration may vary in individual cases and it is advisable to seek professional advice on collections.
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