PAUS KONSULTS offers a wide range of legal services to its cooperation partners. We offer individual and professional approach, and we assist in finding solution and provide consultations in debt recovery related matters, and we do a lot more. The services are provided according to the specifics of the sector of the cooperation partner operation taking into account their wishes and the requirements of the applicable regulatory provisions. When necessary, we prepare various contracts, applications, submissions, procedural documents and other documents.
Representation in judicial proceedings
If it has not been possible to reach the agreement with the debtor regarding voluntary fulfilment of debt liabilities in the course of extrajudicial debt recovery proceedings, we provide recommendations to the cooperation partners regarding further activities to be performed in connection with the specific encashment case. We additionally provide recommendations regarding each specific encashment case and possible judicial proceedings taking into account the communication with the debtor during the recovery proceedings, the debtor’s attitude towards the debt liabilities, and etc. Apart from that, on the basis of mutual agreement of the parties, we also represent interests of the parties in all court institutions.
When assessing if it is worth to adjudicate the case, we take into account the documents justifying the debt, the amount of the debt, information available about the debtor (for example, the work place, income, movable and immovable property belonging to the debtor, etc.), as well as ant other information.
We offer to prepare documents, to submit them to court and to represent cooperation partner in any judicial proceedings (within the framework of warning procedures, small amount claims, general proceedings and arbitration proceedings). We also prepare and send documents to sworn bailiffs for the enforcement of rulings. We also perform the supervision and control of execution files and prepare reports on the results achieved.
Preparation of creditor claims/complaints and their representation in insolvency proceedings and inheritance cases
Additionally, we also provide information about the fact of debtor’s death or insolvency proceedings proclaimed on the basis of information available in public registers. In case information about the debtor’s inheritance has been announced or insolvency proceedings has been proclaimed, cooperation partners have a chance to receive information in due time and submit their claim for entirety of property of an estate (in inheritance cases) creditor’s claim (in cases of insolvency proceedings).
On the basis of a separate agreement, we also offer a possibility on behalf of the cooperation partner to submit creditor’s claims in cases of insolvency proceedings and creditor’s claims in inheritance cases.
Monitoring of natural and legal persons
We develop portfolios for the customers of our cooperation partners (legal and natural persons) and perform supervision and monitoring of the changes in them.
Every day, the data administrator of PAUS KONSULTS performs monitoring of the debtor (legal persons) portfolio handed over to them. It includes checks on proclaiming insolvency, suspension of the operation of managing institution, liquidation of the company, annulation of VAT certificate, change in the officials, registration of new shareholders, changes in the equity capital of the company, and other information that is available in public registers. If it is detected in the result of the monitoring performed that the insolvency of the company has been proclaimed, the operation of managing institution is suspended, the company is being liquidated – this information shall be immediately notified to the contact person of the cooperation partner. Such process is offered to be able to submit the creditor’s claim in due time. In addition to the aforementioned, we also perform the checks of natural persons in public registers in order to find out if the insolvency proceedings has not been proclaimed for this person or if there is no information about the death of this person.
To performing the monitoring of legal persons, we cooperate with the largest and oldest multi-profile information company in the world Dun & Bradstreet (in Latvia – SIA Datu Serviss) and perform checks by using SIA Lursoft database. Apart from that, we also perform checks of legal and natural persons in the Insolvency Register, official magazine “Latvijas Vēstnesis” as well as in order registers and sources of information.