Extrajudicial and Judicial Collection

• Basic knowledge of finance and accounting
• Familiarity with legal terminology and concepts
• Understanding of collection processes and procedures

Audience

• Finance professionals involved in collection activities
• Legal professionals dealing with collection cases
• Business owners and managers seeking to improve their collection strategies

Extrajudicial and judicial collection are two main methods of recovering debts from defaulting parties. Extrajudicial collection refers to the actions taken by the creditor or a third party outside the court system, such as sending notices, making phone calls, or hiring collection agencies. Judicial collection refers to the actions taken by the creditor or a third party through the court system, such as filing lawsuits, obtaining judgments, or enforcing liens.

This instructor-led, live training (online or onsite) is aimed at finance and legal professionals who wish to learn the principles and practices of extrajudicial and judicial collection, enabling them to effectively manage and resolve collection issues.

By the end of this training, participants will be able to:

• Understand the advantages and disadvantages of extrajudicial and judicial collection.
• Apply the main methods and techniques of extrajudicial and judicial collection.
• Evaluate the effectiveness and efficiency of extrajudicial and judicial collection.
• Deal with the legal and ethical issues involved in extrajudicial and judicial collection.
• Integrate extrajudicial and judicial collection in a comprehensive and coherent way.

Format of the Course

• Interactive lecture and discussion.
• Case studies and examples.
• Lots of exercises and practice.

Course Customization Options

• To request a customized training for this course, please contact us to arrange.

Introduction

• What is extrajudicial and judicial collection and why are they important?
• Main sources and causes of debt default and delinquency
• Key concepts and tools of collection analysis and decision making
• Main types of creditors and debtors and their rights and obligations
• Main risks and opportunities in collection activities

Extrajudicial Collection

• What is extrajudicial collection and when is it used?
• Advantages and disadvantages of extrajudicial collection
• Main methods and techniques of extrajudicial collection
• Legal and ethical issues involved in extrajudicial collection
• Evaluation of the effectiveness and efficiency of extrajudicial collection

Judicial Collection

• What is judicial collection and when is it used?
• Advantages and disadvantages of judicial collection
• Main stages and procedures of judicial collection
• Roles and responsibilities of the parties involved in judicial collection
• Dealing with the challenges and problems of judicial collection

Comparison and Integration

• Comparison and contrast of extrajudicial and judicial collection
• Choosing the best collection strategy for different scenarios and situations
• Integration of extrajudicial and judicial collection in a comprehensive and coherent way
• Monitoring and improving the performance and outcomes of collection activities
• Adapting and adjusting the collection plan and approach

Summary and Next Steps