Legal Aspects of Collection

Module Objectives:

Often, outstanding accounts reach the point where it is necessary to take legal action. In this module, participants will learn techniques to aid them in the preparation for this possibility. Legal action can be very complicated. Participants will gain knowledge of a company’s rights, and available options as a creditor when collecting on receivables. The module covers key elements of what you need to know when you are considering legal action to collect receivables, and provides a working knowledge regarding your rights and remedies as a creditor collecting accounts receivable.

What to Expect:

• Making the decisions to sue
  
• Understand the important issues in taking legal action
  
• The legal status of debtors
  
• Information concerning the debtor’s repayment capabilities 
  
• Evaluate debtor’s assets so that judgment can be enforced
  
• Understand the legal process of collection
  
  • Identify the appropriate court to commence proceedings for debt recovery
    
  • The judgment, award of interest and appeals
    
  • Enforcement of judgment
    
  • Bankruptcy and winding up
    
  • Litigation costs 
    
  • Debtor outside the jurisdiction of Hong Kong
    

• Categorize alternative ways of resolving disputes and know which is most efficient
  
• Maximize potential recoveries through legal action 
  
• Alternative Receivable Collections 
  
  • Internal Collections
    
  • Third Party Collections