How to Deal with Difficult Debtors in Malaysia
How to Deal with Difficult Debtors in Malaysia
Dealing with difficult debtors can be a frustrating and time-consuming experience. However, there are a few things you can do to increase your chances of getting your money back.
These tips are provided based on experience of our debt recovery lawyer in Malaysia.
1. Stay calm and professional. Even if the debtor is being rude or uncooperative, it’s important to remain calm and professional. This will help you avoid making the situation worse.
Remember the goal here is to collect due debts and being professional and calm is key. Acting violent and threatening the debtors won’t help the case. To make matter worse, they may even lodge a police report against you.
Also, make sure to send constant reminder to ensure that your debt is not unclaimed for more than 6 years.
2. Document everything. Keep a record of all your communications with the debtor, including phone calls, emails, and letters. This will help you if you need to take legal action.
Essentially, if you wish to escalate the matter through the legal way, you need evidences to prove your claim in the court. So it is very important to keep everything in order for your debt recovery lawyer.
3. Set clear expectations. Let the debtor know what you expect from them, such as when you need payment by and what the consequences will be if they don’t pay.
If they do not comply to the terms, consider to legal way to recover your claim. This will send a message that you are serious in recovering your money.
4. Consider hiring a debt recovery lawyer. If the debtor is still refusing to pay, you may need to consider hiring a lawyer. A lawyer can help you collect your debt through legal means, such as issuing a demand notice or filing a claim in the court.
The Benefits of Hiring a Lawyer
There are several benefits to hiring a lawyer to help you deal with a difficult debtor. A lawyer can:
- Review your case and advise you on your legal options.
- Send a demand letter to the debtor, which may be enough to get them to pay. Most of the time, debtors will respond and initiate for a settlement instead of fighting in the court.
- File a lawsuit against the debtor if necessary.
- Represent you in court if the case goes to trial.
- Collect your debt through legal means, such as garnishing the debtor’s wages or seizing their assets.
Finally, dealing with difficult debtors can be a challenge, but it is important to remember that you have rights. If you are owed money, you should not hesitate to take steps to collect it. Hiring a debt recovery lawyer in Malaysia can be a helpful way to get your money back and protect your rights.
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