CREDIT COLLECTION IN MEXICO

  • Presence and operations in Mexico for over 8 years with a staff of 5 collaborators in: Mexico City – Guadalajara – Monterrey – Puebla-Toluca

  • Out-of-court activity always recommended. Legal proceedings very slow and expensive

  • Federal system complicates legal proceedings with substantial differences between the various states

  • Out-of-court activity carried out by local lawyer with different levels of pressure which starts by sending a letter of formal notice to comply

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ENTRUST YOUR OUTSTANDING RECEIVABLES IN MEXICO TO INVENIUM

In Mexico, larger companies usually undertake to respect payment terms in order to preserve their international rating. Small and medium-sized enterprises, on the other hand, deliberately delay payments and credit collection in their regard is often more complicated.

Out-of-court credit collection in Mexico should always be considered as a serious alternative to formal proceedings which are costly and very lengthy. According to the experience of Invenium in fact, pre-legal collection methods provide greater success than traditional legal proceedings.

There is no legal framework for applying arrears interest, especially during out-of-court negotiations; however, an annual interest rate of 6% is customary.

Mexico has a legal system based on civil law traditions in which the rules are essentially encoded. The country consists of 32 states and therefore has a federal organization; the legal system is complicated by its federal structure and is renowned for its lack of transparency and independence.

Usually in Mexico a letter of formal notice to comply is sent by a notary and in theory there is a court procedure to help companies reach an agreement within 3 months. In practice this possibility is rarely invoked and formal legal proceedings remain the most widely used procedure.

The creditor files a claim at the district court. The court should follow a precise procedural process but usually the courts award remedies in the form of enforcement orders or order for payment without following any procedure.

THE GROUP

From the late 90s Invenium is one of the largest organizations specialized in the management and collection of receivables, both in Italy and worldwide. Invenium has developed a network of 117 legal partners in 105 countries.

+ 20

Years of experience

+ 3000

Clients around Europe

€ 74m

Receivables managed

+ 10000

Positions managed

OUR EXPERIENCE

Honeywell
Granarolo
Enervit
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Unicredit
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DEBT COLLECTION AGENCY IN ITALY AND ABROAD: CHOOSING INVENIUM

Late payments cause lack of liquidity and additional financial and administrative costs. Advance payments increase your business.

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