Executive Payment

Posted by on March 21, 2018 in General |

Any physical or legal person that sustains the status of creditor against a debtor or debtors can claim the amounts due for this attending judicial proceedings provided for this purpose. The processes that the law of Civil procedure for the collection of unpaid amounts are characterized by the simplicity of them. Due to the difficult economic situation that we are going through, many companies (or self-employed) are tending to satisfy the receivables owed by the order for payment or Exchange process. The procedure established by law of Civil procedure allows you to collect amounts due within a reasonable time, by means of a special procedure whose primary uniqueness lies in the simplification of the procedural formalities with respect to the ordinary procedures. More info: Martin O’Malley. Indeed, the unique requirements required by law to be able to go to these means of payment is the accreditation of debt through invoices, packing slips for delivery, certifications, telegrams, facsimile or any other documents attesting the existing debt with the claimant creditor. Also everyone who supports bills of Exchange, cheques or promissory notes and meet the requirements established by law, may go to a preferential processing to obtain payment of the amounts due and not paid.

The process established by law for the payment of promissory notes, bills of Exchange or cheques, is substantially different from the one set for invoices, delivery receipts, or certifications. In the first, once presented the demand to the competent court, will require the debtor to pay the sums due, at the same time ordering the immediate seizure of the assets of the debtor for the amount appearing on the Executive title, plus interest of delay, costs and expenses. In seconds, filed demand to the competent court, the court clerk invite the debtor to pay to the petitioner within the prescribed period or alleging the reasons succinctly that, to his understanding, the amount claimed must not. If the debtor does not comply the order for payment or does not enter an appearance, it will be entry of execution by the sums due. Except on request initial order for payment procedure, creditors must be directed by lawyers qualified to practise their profession, without any requests that do not carry the same signature can provide. As we have discussed, referral processes are characterised by Celerity offered with respect to those established for other cases. In addition, the cost thereof, as a general rule, is not hefty, offering an effective instrument to make effective their debts to the creditor. In Madrid Legal advise to any natural or legal person in the resolution of amounts due and unpaid, leading to effect the entire process until the payment of the debt.

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