There is always a journey of money in a business cycle from being at a stage of good debt to that stage where it becomes bad debt.
Every withheld amount amount of money cannot be called as bad debt. There may be situations where the money is withheld by the buyer or supplier due to various reasons.
Indian as well as foreign companies have to struggle to recover such debts from their respective buyer or supplier, as the case may be.
There cannot be one solution for every type of debts, rather a gamut of aspects after being ascertained a specific legal action is initiated.
We holistically analyse every aspect related to the business transaction as below:
c.span of such debt,
f.wordings of such communications,
g.nature of transaction,
h.quality or quantity issue,
to strategise the exact legal action which needs to be initiated in a specific case.
Why Companies should struggle to recover their bad debts when there are smart strategies waiting for reducing their bad debts.
Above all , we deploy best strategy in law as strategy really matters the most.To know more about our services, please connect with us on firstname.lastname@example.org.