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 Duration 14 hours

Course Outline

Introduction

  • Defining out-of-court and court-based recovery and their strategic importance
  • Primary sources and root causes of debt default and delinquency
  • Essential concepts and tools for collection analysis and decision-making
  • Classification of creditors and debtors, including their respective rights and obligations
  • Identifying key risks and opportunities within collection activities

Out-of-Court Recovery

  • Defining out-of-court recovery and identifying appropriate use cases
  • Analyzing the advantages and drawbacks of this approach
  • Examining core methodologies and techniques
  • Addressing legal and ethical considerations
  • Assessing the overall effectiveness and efficiency

Court-Based Recovery

  • Defining court-based recovery and determining when it is necessary
  • Weighing the pros and cons of litigation-based recovery
  • Understanding the key stages and legal procedures
  • Clarifying the roles and responsibilities of all parties involved
  • Mitigating common challenges and obstacles in the process

Comparison and Integration

  • Comparing and contrasting out-of-court and court-based strategies
  • Selecting the optimal recovery strategy for specific scenarios
  • Developing a comprehensive and coherent integrated approach
  • Monitoring performance and optimizing recovery outcomes
  • Adapting and refining the collection plan and methodology

Summary and Next Steps

Requirements

  • Foundational knowledge of finance and accounting
  • Proficiency with legal terminology and core concepts
  • Familiarity with debt collection processes and procedures

Target Audience

  • Finance professionals engaged in debt recovery operations
  • Legal practitioners handling debt-related legal cases
  • Business owners and managers looking to refine their recovery strategies

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