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Debt Collection in Japan

Debt Collection in Japan

Debt collection is a process of recovering payments owed either by individuals or businesses. These undue payments may have been due for a long time or the debtor may have refused to pay them until the commencement of the necessary proceedings.

Debt collection in Japan includes several steps and in almost all cases will start with a negotiation phase and, when possible, avoid unnecessary litigation proceedings.

Our team of lawyers in Japan can help you recover your debts first by negotiating with the debtor and them by commencing the necessary legal action if he refuses to pay.

Debt collection steps in Japan

Below, our attorneys in Japan present the general steps for debt collection that can be used by company owners as a guide when first starting the procedure.

  1. Overdue payment reminder: this is a second reminder that maintains the same friendly tone; if possible, you can try to schedule a meeting.
  2. The final payment notice: this notice is one that clearly states that the payment deadline (which could have been previously extended) was ignored.
  3. Contact the debtor: before making any statements of pursuing legal action or hiring a debt collection agency, you can try to schedule a meeting; one of our Japanese lawyers can help represent you.
  4. Initiate legal action: when all else has failed, one of our attorneys in Japan can help you notify the debtor that you intend to take legal action.

Japanese lawyers specialized in debt collection

Our law firm in Japan can help you with complete legal services for dealing with outstanding debts. We can help you initiate the debt collection process in Japan, both in its extrajudicial phase and the in the court or judicial phase.

We approach each case according to its particularities and can provide adequate guidance on how to negotiate or deal with the debtor. Special consideration is given when the said debtor is a company that is facing bankruptcy.

You can contact our Japanese law firm for complete details about the services we provide and to schedule a meeting with one of our lawyers for counseling.