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How to Recover Payments for USA Exported Goods to India

When it comes to recovering payments for USA exported goods to India, the process can be complex and challenging. However, with a well-structured recovery system in place, companies can effectively navigate the intricacies of debt recovery. In this article, we will explore the three-phase recovery process for USA exported goods to India and discuss key takeaways from each phase.

Key Takeaways

  • Timely and Persistent Communication is Key
  • Legal Intervention Can Expedite Recovery
  • Careful Consideration of Litigation
  • Costs and Rates for Recovery Services
  • Tailored Collection Rates for Different Claims

Recovery Process for USA Exported Goods to India

Phase One: Initial Contact and Skip-Tracing

As we embark on the recovery process, our immediate action within the first 24 hours is crucial. We initiate contact with the debtor through a series of four letters, ensuring they are aware of their obligations. Our team diligently skip-traces to uncover the most current financial and contact information, leaving no stone unturned.

Persistence is key in this phase. We employ a variety of communication methods—phone calls, emails, text messages, and faxes—to establish a resolution. Here’s what you can expect:

  • Daily attempts to reach the debtor for the first 30 to 60 days.
  • A comprehensive investigation to gather the best data on the debtors.

If our efforts in this initial phase do not yield results, we seamlessly transition to Phase Two, involving legal intervention. Rest assured, we are committed to pursuing every avenue to recover what is rightfully yours.

Phase Two: Legal Intervention and Debt Recovery

Once we’ve exhausted initial recovery efforts, we escalate to Phase Two: Legal Intervention and Debt Recovery. Our affiliated attorneys within the debtor’s jurisdiction take the reins. Here’s what unfolds:

  • The attorney sends a series of firm letters on legal letterhead, demanding payment.
  • Concurrently, the attorney’s team begins persistent phone contact.

If these measures don’t yield results, we’ll candidly discuss the challenges and recommend next steps.

Should legal action be necessary, you’ll be briefed on the costs involved. These typically range from $600 to $700, covering court costs and filing fees. It’s a decision point: proceed with litigation or explore alternative recovery methods.

Our commitment is to transparency and efficiency in recovering your dues. We’ll navigate the complexities of international debt recovery, keeping you informed at every turn. Remember, our goal is to secure your payment with minimal disruption to your business operations.

Phase Three: Closure or Litigation

At this juncture, we face a critical decision point. If our assessment indicates a low likelihood of recovery, we’ll advise case closure. This outcome incurs no fees for our services or associated legal counsel. Conversely, should litigation seem viable, you’re at a crossroads.

Choosing not to litigate allows you to withdraw the claim without cost, or let us persist with standard collection efforts—calls, emails, faxes. Opting for legal action necessitates covering upfront costs, typically $600-$700, based on the debtor’s location. These funds enable our attorney to pursue all owed monies through the courts.

Should litigation not yield results, the case concludes, and you owe nothing further.

Our fee structure is straightforward and competitive, reflecting the number of claims and their age. For instance, accounts under a year old are charged at 30% of the amount collected for up to nine claims, with different rates for older or smaller accounts. Litigation always incurs a 50% fee on the amount collected.

Here’s a quick glance at our rates:

Claims Submitted Accounts < 1 Year Accounts > 1 Year Accounts < $1000 Litigated Accounts
1-9 30% 40% 50% 50%
10+ 27% 35% 40% 50%

Remember, our goal is to navigate you through to a successful resolution, be it through closure or court.

Frequently Asked Questions

What is the recovery process for USA exported goods to India?

The recovery process involves a three-phase system. Phase One includes initial contact and skip-tracing, Phase Two involves legal intervention and debt recovery, and Phase Three includes closure or litigation.

What happens if initial attempts to contact the debtor fail?

If all attempts to resolve the account fail in Phase One, the case is forwarded to one of our affiliated attorneys within the debtor’s jurisdiction for legal intervention and debt recovery in Phase Two.

What are the options in Phase Three?

In Phase Three, the options include closure of the case if recovery is not likely, or proceeding with litigation. If litigation is chosen, upfront legal costs such as court costs and filing fees will be required.

What are the rates for debt recovery?

The rates for debt recovery depend on the number of claims submitted and the age of the accounts. Rates range from 27% to 50% of the amount collected, depending on the specific circumstances.

What are the costs associated with litigation?

The costs associated with litigation include upfront legal costs such as court costs and filing fees, which typically range from $600.00 to $700.00, depending on the debtor’s jurisdiction.

What happens if attempts to collect via litigation fail?

If attempts to collect via litigation fail, the case will be closed, and there will be no obligation to pay our firm or our affiliated attorney.


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