Debt Collection in Milan, Italy | Debt Recovery Legal Services
Dimarco & Partners International Law Firm
Our Lawyers are specialized in debt collection in Milan (Milano) in favor of foreign entities. Our experience in this field permits us to recollect significant amounts in favour of multinational and medium small companies. Our Law Firm already takes care of the debt recovery, related mostly to unpaid invoices, in favor of multinational companies handling more than 1.000,00 cases per month. We believe that the approach in debt recovery has to be methodological and for this reason we divide our activities in precise phases:
THE COURT ACTIONS IN MILAN:
After the preliminary check, our Lawyers commence the debt collection procedure: the decreto ingiuntivo is delivered to the Court of Milan or to any other Court in Italy (it can be done online from our telematic software) and If there is a recognition of debt the order of payment will be issued temporarily enforceable and our Lawyers will be entitled to start the enforcement immediately. If this document is missing, the provision is not temporarily enforceable. The Court of Milan normally takes 2/3 weeks to release the Court Order. Once it is released from the judge, we provide the notification (through telematic software or through the bailiff, depending if the debtor is a corporate entity or an individual) and the debtor has 40 days to file an opposition to the decreto ingiuntivo starting an ordinary action. If the opposition is not filed in the term of 40 days, the order of payment becomes enforceable and it is considered as a definitive judgement.
Once the order of payment is issued, it entitles the creditor to recover the capital sum, the commercial interest - between 7.5% and 8% per year - the out of pocket expenses (court fees and other out of pocket expenses related to the order of payment) and in the fees of the lawyers which are by the Court.
Please also note that ion this kind of action, if the credit does not overcome the amount of euro 50.000,00, in order to start a court trial to recover the credit, it is a compulsory condition to start the procedure of "out of court negotiation", called in italian procedura di negoziazione assistita.
In case the debt collection in Milan is positive and we obtain an enforcement order, our Lawyer proceed with its notification, attaching a further deed called precetto, and after ten days from the positive reception of the writs from the debtor, they can enforce the credit.
We look forward to cooperate with You.