Many creditors do not wish to sell their claim but rather seek recovery possibilities. Trying to recover your outstanding receivables on political risk countries is usually a very expensive and time consuming process which demands a high level of specific knowledge and skills concerning a particular emerging market. Most creditors possess neither. This is why such recovery efforts tend to be unsuccessful.
Outsourcing your claim to East-West Debt has great advantages. Firstly, we have the expertise to recover the highest percentage possible on your claim. Secondly, you do not have to invest further funds to try and recover your claim because East-West debt will fund all recovery efforts. Thirdly, due to our specific expertise we have a much vaster array of recovery possibilities than other entities such as regular law offices.
The procedure to outsource your claim to East-West Debt is very straightforward. The creditor concludes a mandate with East-West Debt to recover its claim. Only if East-West Debt is successful in recovering the claim, the creditor pays a percentage of the recovered funds. The creditor can opt for a full or a partial mandate. The first means that East-West Debt is free to undertake all possible actions to recover the claim on behalf of the client. The latter means that East-West Debt can recover the claim through amicable settlement only, thus not frustrating any future entrepreneurial endeavours. During all recovery efforts the client remains in control of the file and is duly informed about all developments.