Companies tend to administer their own debt collection procedures up to a point, whereafter there comes a time when a proverbial “line must be drawn”. In such instances Mwala Siambango & Associates can be of assistance. Our debt collection department specializes in any and all collection matters to ensure recovery of any outstanding debts which have become due and payable.

We attend to the entire process from letters of demand, issuing of summons, obtaining judgments up until the execution process in which the outstanding amount, interest and costs are recovered. This may also include restructuring the payment terms of the debt by way of an acknowledgement of debt, added surety clauses or safeguarding certain security.

Whilst it could be advantageous to accommodate some debtors, given the current financial circumstances, one must bear in mind that debts generally prescribe after a period of three years after the debt became due. It is therefore important to ensure that your collection procedures are in place.