Debt collection
Lögmál ehf. offers an effective debt collection process of default claims, where efficient and expeditious working methods are emphasized. Lögmál ehf. has at its disposal lawyers and dept collection assistants that have a yearlong and extensive experience in the debt collection activity. The firm´s employees have at their disposal an extensive knowledge of the collection of default claims. Obviously it is frequently necessary to act swiftly if the creditors’ entitlements are to be guaranteed and their possibilities of having their claims settled increased. Lögmál ehf´s employees are keeping that in mind when handling each individual case, besides treating the debtors courteously and with respect.
Legal collection involves the application of the legal system´s resources that are suitable each time – depending on the type of each claim. As a rule a collection fee in accordance with Lögmál ehf.´s tariff will be added to the claims´ total amounts, thus making the debtors pay the costs that may be involved in the processing of the claims. Endeavours are made in order to minimize the creditors´financial losses, should the debtors be unable to meet the claims plus the additional expenses, due to their being unpropertied or bankrupt.
Lögmál ehf. usually draws up contracts with the larger creditors regarding the arrangement of their debt collection cases.
Lögmál ehf. endeavours to return collected funds to the creditors without delay. In that connection daily, weekly or monthly returns are offered, depending on the debt collection´s extent and each individual creditor´s number of claims.
Lögmál ehf. guarantees the creditors an unrestrictive access to information on the status of debt collection claims that are being processed at the firm. The firm´s attorneys and other employees are always ready to discuss the status and processes of the debt collection with the creditors and their associates.
We submit a firm offer for a debt collection, if requested. Please contact us by phone 511-2000 or send us an enquiry to logmal@logmal.is should you need further information.