Debt Collection Attorney in Budapest – LFB Legal
LFB Legal is a premier law firm in Budapest offering effective Debt Collection services in Hungary, positioning itself as the go-to partner for debt recovery, founded in 2018 with an international practice and esteemed memberships.
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Company description
About LFB Legal – Legal Debt Collection in Hungary
Founded in 2018, LFB Legal has quickly become a prominent name in the Hungarian legal landscape, particularly for debt collection cases in Budapest. Recognized for its comprehensive approach, the firm excels in both domestic and international legal arenas.
Proven Results
LFB Legal has earned esteemed recognition, being ranked as tier 1 in dispute resolution by The Legal 500. The firm's ability to handle complex cases is underscored by its recent success in a high-value contractual dispute, culminating in a favorable settlement for a global logistics company. The firm's partners are noted experts; for instance, Andras Daniel Laszlo is acknowledged as a "leading individual" in his field, enhancing the firm's credibility in legal debt recovery.
Our Process
Guided by a client-centric approach, LFB Legal tailors its strategies to each unique case. This methodical process ensures that no detail is overlooked in pursuit of client objectives.
- Initial consultation to understand client needs and case specifics.
- Investigation of the parties' relationship and factual circumstances.
- Formulation of a tailored strategy with the client’s input.
- Implementation of extra-judicial procedures or negotiations.
- Initiation of judicial procedures if necessary.
- Ongoing communication and adaptation to changing circumstances.
Meet the Team
LFB Legal's team consists of 11 skilled professionals who bring diverse international experience to the firm. The team includes Gaspar Bagamery, recognized as a "next generation partner" in 2023. LFB Legal's expertise spans multiple jurisdictions, particularly France, Germany, and the US, reflecting its ability in commercial debt recovery. The firm’s multilingual capabilities in English, German, and French further enhance its service offerings.
Services & Industries
LFB Legal is adept in various areas but shines in services related to dispute resolution, insolvency procedures, and enforcement processes. These services are particularly beneficial to industries such as logistics, telecommunications, and waste management. For further context, see Debitura’s debt‑collection guide, which outlines local regulations and best practices.
PRICING MODEL
LFB Legal employs a structured fee model for debt collection services based on the method used. For the issuance of a payment warranty, which becomes a binding enforceable deed if unchallenged, the fee is set at USD 1,200. Initiating a liquidation process, including pre-liquidation notices, is priced at USD 1,500. Civil law litigation and arbitration services are calculated on an hourly basis, with potential fee caps for specific phases. Judicial enforcement of binding decisions incurs a cost of USD 1,200, while enforcing foreign arbitration awards is priced at USD 2,000. The firm’s precise tariff ensures transparency and predictability in legal expenses. Request a detailed quote to determine the most suitable option for your needs.
Process
Debitura facilitates cross-border debt recovery with its innovative solutions. Debitura is a tech‑powered debt‑collection platform that routes every claim to vetted local experts for immediate, country‑specific action. Operating across 183 countries, including Hungary, the firm offers a no‑cure‑no‑pay advantage, ensuring that clients only pay upon successful claim resolution in Hungary. Creditors can access valuable insights on statutory interest and collection timelines in the Hungary debt‑collection guide. For those looking to collect debt in Hungary and beyond, Debitura's Europe debt‑collection network provides comprehensive support and unmatched local expertise.
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We have written a detailed guide about debt collection. Click the button below to read it.
Premier Debt Collection in Hungary
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