In this case, you need to contact a factoring company, which will act as an intermediary between the creditor and the debtor. After the contract is concluded, the factoring company pays the creditor from its budget the largest part of the amount, for example 80%. The debtor receives a deferment, and within the specified period returns the entire debt to the factoring company.
It retains a percentage as payment for its services, and then transfers the remainder of the debt to the creditor. What is the time limit for demanding debt repayment through the court? According to the law, a creditor may vietnam telegram mobile phone number list demand repayment of a debt not at any time, but only before the expiration of a certain period. According to Article 196 of the Civil Code, this period may be from 3 to 10 years.
the payment date, if it is specified in the agreement. If a specific day is not specified, then the countdown starts from the moment when the creditor presented an official claim to the debtor. The expiration of the period may be suspended if the creditor was unable to file a lawsuit due to force majeure, such as health reasons, or if the parties negotiated and tried to resolve the issue out of court