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Debt Collection

The litigation specialists of COELER LEGAL have many years of experience in representing international and domestic clients before all Bulgarian Courts including the Supreme Court. Recently, we managed to recover a large debt against a Bulgarian company by seizing all of their bank accounts forcing them to step by and accept the claim. A special arbitration team headed by Managing Partner Frank Schmitz has just successfully conducted a case for a German investment bank at the Court of Arbitration at the Bulgarian Chamber of Commerce and Industry. However, our goal is to avoid litigation which in most cases is ineffective, expensive and time consuming. We have often settled a dispute by out-of-court agreements in notarila debt recognition deeds, arrest proceedings (freezing of assets) or ADR thus saving time and money of our clients.

Our services include:

• legal representation before all Bulgarian courts
• arrest proceedings (including arrest of vessels)
• recognition of foreign judgements (incl. arbitral awards)
• forced execution
• securing of claims by liens, mortgages, guarantees, assignments etc.
• claims management
• checking creditworthiness of a debtor

Please do not hesitate to contact us and send us your request or legal issue for reviewal. We will immediately give you our first assessment of the case without any charge.

Contact: Dr. Frank Schmitz