Debt Recovery Indonesia
Debt Recovery Indonesia is a service brand of HADS Partnership which was established in 2005. We focus to help the company in collecting and returning commercial outstanding receivable against bad customer with the most practical, legal and ethic way.
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Company description
Debt Recovery Indonesia is a service provided by our law office to help companies collecting and recovering debts effectively with the most professional, practical, and legal approach.
In principle, our debt recovery service consists of 3 major steps: Investigation, Collection and Legal Action. We have more than 17 years of experiences in collection, more than 400 satisfied clients and more than 50.000 collection cases handled.
The Commercial Credit Collection will be performed with the below principles:
- PROFFESIONAL, EFECTIVE AND LEGALLY CASE HANDLING, because every case will be handled by our Advocates who have been prepared by special ability, experience and capacity in commercial debt recovery, as well as the application of special techniques and strategies to maximize the obligations payment from the Debtor effectively.
- THE IMPLEMENTATION OF DEBT RECOVERY PHASES SISTEMATICALLY AND OPTIMALLY, because we do not want to let the Company be burdened by cost, time and effort for unnecessary legal actions. We prioritize the credit settlement in the earliest phases of collection and avoiding unnecessary further legal actions.
- APPLYING COORDINATION SYSTEM AND UPDATED REPORTING, because we understand that every commercial policy is still in the Company discretion. Therefore we always coordinate and give updated reports to the Company for every action and progress of the case.
With the above principles, we have represented and provided legal services in commercial credit collection to many BANKING INSTITUTION, FINANCING INSTITUTION, AS WELL AS NATIONAL AND MULTINATIONAL COMPANY, with SATISFYING SUCCESSFUL RATE.
The scope of works that will be performed by HADS Partnership Law Office in our Commercial Credit Collection consist of 2 (two) kind of legal actions which are out of court collection and collection litigation. The legal actions and scope of works are as follow:
A. Non-Litigation Collection
The purpose of this legal action is to collect the bad credit / account receivable without involving any legal institution. The keys of the actions actually is to conduct an effective approach to push and or force the Debtor to pay his obligation.
The period of this legal action approximately will take 1 - 2 month since the date of first collection letter.
B. Collection Litigation (Optional, Based on Advisability Conditions)
Should the out of court collection fails to force the Debtor fulfilling his obligation to the Company, the Collection Litigation is necessary conducted. The purpose of collection litigation is collect the bad credit / account receivable with involving legal institution. In this case, we propose 2 (two) kinds collection litigation which are BANKRUPTCY PETITION / SUSPENSION OF PAYMENT (“SoP”)and CRIMINAL REPORT.
The bankruptcy / SoP petition will take approximately 2 (two) months since the date petition registration in commercial court phase, meanwhile the there is no time limit for criminal report.
Our PRICING MODEL
We propose 2 (two) alternative fee arrangement on our Commercial Credit Collection legal services which could be adjusted with budget and discretion of the Company. The arrangements are as follow:
A. FULLY SUCCESS FEE ARRANGEMENT
The fully success fee arrangement is suitable for the company who has a specific credit / account receivable issue and would like to reduce the financial risk from unsuccessful credit collection case. By this arrangement the Company is not necessary to pay the professional fee in advance, but only to pay the success fee should the credit successfully collected.
The success fee is always calculated based on the collected credit or account receivable. The percentage of success fee is determined from the maturity age of credit / account receivable, which is commenced from the due date of credit until the Company assigns the case and deliver complete documents (including the signed power of attorneys) to us. The percentage of success fee is as follow :
The success fee we propose in this arrangement is starting from 5%.
B. PROJECT BASIS ARRANGEMENT
The project basis arrangement is suitable for the company who has a specific bad credit / account receivable issue. By this arrangement the Company will only have to pay the professional fee for each case assigned to us, beside the success fee.
The professional fee and the success fee we propose in this arrangement is as follow :
Professional Fee
The professional fee is in the amount of:
Out of court collection : starting from Rp. 15.000.000,-
Collection litigation : starting from Rp. 50.000.000,-
The professional fee will be very depending on the complexity of the case based on HADS’s solely consideration.
Success Fee
The success fee is always calculated based on the collected credit or account receivable. The percentage of success fee is determined from the maturity age of credit / account receivable, which is commenced from the due date of credit until the Company assigns the case and deliver complete documents (including the signed power of attorneys) to us.
The percentage of success fee we propose in this arrangement is starting from 2,5%.
The success fee shall not be paid by the Company should there is no credit collected.
C. FULL LEGAL SERVICE RETAINER
The Full Legal Service Retainer covers 3 major services along with its scope of works as follow:
- General Legal Services: The general legal services are provided to fulfil the need of the company in corporate matter as well as the daily legal issues. This service is consist of at least 75 scope of works.
- Collection Legal Services (Success Fee Basis): The collection legal services are provided to fulfil the need of the company in recovering and collection bad receivable of the Company. This service is consist of Non Litigation Collection and Litigation Collection.The collection legal service is free from the hourly basis, but subject to a success fee.
- Complimentary Legal Services (Free of Charge): As the honour and appreciation of the trust and opportunity given by the Company to us, we are please to provide a complimentary legal service which free any deduction of working hours, free of additional legal fee and free of success fee. The complimentary legal services are consist of Online Legal Consultation, Store Legal Documents, and Legal Compliance Reminder.
The monthly retainer fee is starting from Rp. 10.000.000,- which cover annual working hour for general legal service and unlimited collection case. The minimum retainer period is 12 months.
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