Debt Recovery Management
Recover your money with our expert and powerful solutions.
What is Debt Recovery Management?
This is an act of parliament brought to balance the interest of homebuyers. Under the code, the homebuyer is treated as financial creditors. Before the code, they were regarded as an ‘unsecured creditors’, bringing them unable of initiating insolvency proceedings against a defaulting builder. According to the code, the amount paid by the homebuyers to a builder will be believed as financial debt, and homebuyers will be considered as financial creditors. It helps the homebuyer to file a petition to start insolvency proceedings against a defaulting builderDebt Recovery management is set of policies, expert advisory and legal actions to design the policies based on the project, and align the debt recovery policies with other policies. It ensures that debtors will pay on-time. Debt recovery management focuses on collecting the money. It is important because it is directly connected to your credit score. It ensures quick recovery of your money owed to you. Overall, it helps in recognizing of nature of debts, issue, and related documents.
How we help?
We help our clients in commercial collection services, offering the best method to recover money, under Debt Recovery Management.