Debt Collection in Tunisia
05.11.2024 ,Debt Collection in Tunisian Law
INDEX
What are the stages of debt recovery in Tunisia?
What is meant by extrajudicial debt collection in Tunisia?
What are the benefits of extrajudicial debt recovery in Tunisia?
What does judicial debt recovery entail in Tunisia?
What are the legal protections and guarantees for debt recovery in Tunisia?
What are the procedures following a court ruling that confirms the existence of the debt and orders the debtor to comply?
What are the stages of debt recovery in Tunisia ?
Debt recovery goes through two stages :
Extrajudicial recovery stage
Judicial Recovery Stage
What is meant by extrajudicial recovery ?
Consensual recovery is the first stage of debt recovery and involves direct communication with the debtor.
What are the advantages of extrajudicial recovery ?
+ Faster process
+ Avoids the typical expenses of judicial recovery procedures.
+ Maintains good business, family, or social relationships between debtor and creditor.
What is meant by judicial recovery ?
When it is not possible to recover the debt extrajudicially, our lawyers turn to the justice of the peace or the ordinary court, depending on the value of the debt.
What are the legal guarantees for the protection of debt collection ?
There are several means of preserving the financial guarantee that our lawyers can activate to protect the debt to be recovered.
What are the procedures following a court ruling that confirms the existence of the debt and orders the debtor to comply?
If the debtor does not fulfill their obligations voluntarily, we proceed with the garnishment of a portion of their salary or bank account, or with the seizure of movable or immovable assets.