Debt Collections Handbook Bulgaria 2018

Guide international du recouvrement de créances

  • Bulgaria
  • Agriculture,
  • Automotive/Transport,
  • Chemicals/Pharma,
  • Construction,
  • Consumer Durables,
  • Electronics/ICT,
  • Financial Services,
  • Food,
  • General economic,
  • Machines/Engineering,
  • Metals,
  • Paper,
  • Services,
  • Steel,
  • Textiles

24 sept. 2018

Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Bulgaria.

Amicable collections

General information

 

 

 

 

Atradius Collections and our local agents have a professional approach to each case. We try to establish a relationship of confidence with debtors and retain the relationships between our clients and their debtors whenever possible. The scope of action includes (but is not limited to) calls, sending reminder letters and attempting to realise personal contact with the responsible person within the debtor company.

Interest

In Bulgaria, the legal interest to debtors can be calculated from the base rate set by the Bulgarian National Bank on 1st January (for the first half of the year) and 1st July (for the second half of the year), plus 10% on a yearly basis. It is possible to include interest, which will be calculated differently if this was agreed in the contract between parties. Usually our clients also include interest calculated by them when submitting a debt collection case.

Atradius Collections includes this in the debt amount in our reminder. But in the majority of the cases, debtors do not pay this interest. From a cultural point of view, Bulgarian debtors are not used to paying late payment interest, though often the actual amount of the interest payment is considered a matter of negotiation between debtors and collectors.

Debt collections costs

Bulgaria has officially accepted recovering debt collection costs according to EU Directive 2011/7/EU, but in reality, this is not yet applied. The principal rule is adapted from the directive; clients may ask for an additional payment of EUR 40 for each invoice.

The Debt Collections Handbook presents a snapshot of Bulgaria's economic situation and covers the following topics:

  • Legal procedures
  • Insolvency proceedings
  • Time frame and outcome

To read more about steps and procedures undertaken in debt collections in Bulgaria:

Download Debt Collections Handbook Bulgaria now!

 

Avertissement

Les informations figurant sur ce site sont uniquement fournies à titre indicatif et ne doivent pas être utilisées à d’autres fins que celles mentionnées. Nous vous remercions de bien vouloir vous reporter aux réglementations et accords en vigueur. Aucunes informations ne peuvent être considérées comme créant un droit, une obligation ou engageant la responsabilité d’Atradius y compris pour juger de la moralité d’un ou de plusieurs acheteurs. Si Atradius juge de la moralité d’un acheteur, elle le fait pour le compte de son arbitrage et en aucun cas au bénéfice de ses assurés ou toute autre personne. En aucun cas, Atradius, ses partenaires ou sociétés apparentées, agents ou employés, ne pourront être tenus responsables envers les lecteurs ou toute autre personne pour toute décision ou mesure prise sur la foi des informations contenues dans cette carte, ou pour tous dommages indirects, particuliers ou similaires, même si ces personnes ont été avisées de l’éventualité de tels préjudices.