In business, delays or non-payment of obligations by customers and business partners is a common problem that can seriously threaten a company’s liquidity and stability. Therefore, debt collection is a key aspect of financial management, and a proper legal approach enables the protection of your interests and efficient problem resolution.
Debt collection in Bosnia and Herzegovina takes place through several phases: from initial reminders and negotiations, through court proceedings, to enforcement proceedings in case of refusal to pay.
The first step in collection is verifying the legal basis of the claim. This means it is important to have proper and clear contracts, invoices, or bills as proof of the debt. If you have documentation confirming the claim, you can start the collection process.
Sending written reminders and payment demands often results in a positive outcome. Reminders should be clearly formulated, with specified deadlines and possible legal consequences. If the debtor does not respond to reminders, the next step is initiating court proceedings.
Court proceedings involve filing a lawsuit with the competent court, where a request is made for the debtor to be ordered to pay. The court issues a judgment that can serve as an enforcement basis. If the debtor still does not pay, enforcement proceedings follow — i.e., forced collection through a court bailiff.
Having legal representation by a lawyer in the collection process brings multiple advantages. An experienced attorney ensures all steps are properly conducted, prepares effective reminders and lawsuits, represents you before the court and bailiff, and advises on the most efficient collection strategy.
Legal support significantly increases the chances of successful collection, reduces the risk of procedural errors, and speeds up the process.
Leaving claims unpaid can lead to serious financial problems, including loss of liquidity and a drop in credit rating. Timely action and legal protection prevent debt accumulation and minimize financial losses.
Our law firm provides comprehensive legal support in debt collection in Sarajevo and throughout Bosnia and Herzegovina (preparation of documentation, sending reminders, conducting court proceedings, and representation in enforcement proceedings).
If you need legal advice and representation, you can contact us directly by phone (+387 62 423 413) or via email (info@partners.haracic.ba).
