Unfortunately, exceeding payment deadlines is far from uncommon. Many customers, especially large companies, fulfill their payment obligations significantly late after the due date or even require legal action to enforce payments. For the defaulting company, this business practice offers a cheap credit – but for the other party, it can lead to considerable economic damage, potentially threatening their existence. After all, receivables from goods and services represent company assets.
If business partners owe you money, you should not wait too long but seek legal advice. As commercial law attorneys in Nuremberg, we will take over your receivables management and work to protect your interests. Engaging a law firm typically offers advantages: By involving a firm early, you can concentrate on your core business. Furthermore, experience shows that debtors take legal letters "more seriously" than your own reminders, often enabling prompt recovery of receivables. In a successful lawsuit, both the court fees and out-of-court expenses are borne by the debtor.
Contact us if you have defaulting customers or business partners. We will discuss your situation with you and find the right solution for you and your company.
