Debt Conservation by East-West Debt


Indicative quotes on the secondary market country quote *** Albania 30% Angola 40% Argentina 28% Bangladesh 70% Belarus 19% Bosnia 40% Brazil 40% Egypt 49% Gabon 20% Kenya 24% Cambodia 12% Cameroon 10% Congo-Br 11% Cuba 3% DR Congo 7% Ecuador 34% Ehtiopia 5% Eq. Guinea 65% Guinea Conakry 12% Indonesia 16% Iran 22% Iraq 17% Iran 15% Ivory Coast 19% Kazachstan 18% Laos 8% Mali 20% Moldova 17% Syria East-Eur 6% Mozambique 11% Nauru 3% Nicaragua 2% Nigeria 37% Peru 37% Russia 35% Saudi Arabia 34% Serbia 49% Sierra Leone 4% Sudan 3% Syria East-Eur 3% Syria West-Eur 7% Tanzania 10% Turkey 36% Turkmenistan 18% Ukraine 19% Vietnam 41% Zambia 15%

 

Debt Conservation



It happens that a creditor opts not to search for a final solution for his outstanding claim but prefers to keep it as a stick behind the door or a nest egg for the future in case he himself would get in trouble. However, all too often it happens that a creditor thinks he can sit still and do nothing which makes him end up with a worthless claim.

East-West Debt offers its services to its clients to make sure that the claim remains in place for the time it is needed to. At a certain moment, a claim has no value anymore unless the right actions are undertaken. East-West Debt makes sure this happens whereby the customer knows precisely how much it costs.

This has the advantage that the client does not depend on a lawyer or a local intermediary from whom it can not be told how many hours they will have to spend on the matter without the creditor even being guaranteed of a result.

In this case, East-West Debt asks for a fixed fee and guarantees the client the result of keeping the claim alive for the period covered.


HALTING THE TIME LIMITATION

Claims only remain valid for a certain period. A lot of creditors seem to forget this and find themselves confronted with an extinguished claim, the moment they were hoping to enforce their rights.

East-West Debt knows how to prevent that a claim gets time barred by undertaking the right actions in court which make the claim reactivated again for a new period.


DEBT ACKNOWLEDGEMENT

Just like in the case of debt recovery, the creditor might like to avoid court proceedings as they might prevent the debtor of working together again with that particular creditor.

Therefore, the excellent local agents of East-West Debt can take care of it that the claim remains alive by pushing the right buttons and keeping in mind the necessary details a debt acknowledgement has to contain to be valid and to make a new limitation period start.