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Duration 14 hours
Course Outline
Introduction
- Defining out-of-court and legal debt recovery and understanding their significance.
- Primary sources and causes of debt default and delinquency.
- Essential concepts and tools for collection analysis and decision-making.
- Types of creditors and debtors, along with their respective rights and obligations.
- Potential risks and opportunities within debt recovery activities.
Out-of-Court Collection
- Understanding out-of-court collection and its appropriate use cases.
- Weighing the advantages and disadvantages of out-of-court methods.
- Key strategies and techniques for non-judicial recovery.
- Legal and ethical implications in out-of-court processes.
- Evaluating the effectiveness and efficiency of out-of-court collection efforts.
Legal Debt Recovery
- Understanding legal debt recovery and its appropriate use cases.
- Weighing the advantages and disadvantages of judicial methods.
- Key stages and procedures involved in legal recovery.
- Roles and responsibilities of all parties engaged in legal proceedings.
- Addressing challenges and common problems in legal debt recovery.
Comparison and Integration
- Contrasting the benefits and limitations of out-of-court versus legal collection.
- Selecting the optimal recovery strategy for different scenarios.
- Effectively integrating out-of-court and legal methods into a comprehensive approach.
- Monitoring and enhancing the performance and results of recovery activities.
- Adapting and refining the collection plan and approach as needed.
Summary and Next Steps
Requirements
- Fundamental knowledge of finance and accounting principles.
- Familiarity with legal terminology and core concepts.
- Understanding of standard collection processes and procedures.
Audience
- Finance professionals responsible for debt collection activities.
- Legal practitioners handling recovery cases.
- Business owners and managers aiming to enhance their debt recovery strategies.
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
