If the recovery of debt promises to be costly and time consuming, then cession or in other words buying debt will ensure fast recovery of your money. This solution is especially useful for dealing with the older debtor liabilities.

Benefits

• There is no need to reckon with the debtor’s other creditors in the debt collection process that can extend the recovery of money for an indefinite period of time
• Fast recovery of money
• Balance sheet free of doubtful debtors – exempted from frozen assets
• Recovered money can be used for further development of the business

Process

• Creditor provides Evex with the basic information regarding debtors and the size of debt
• Evex analyses and evaluates the provided data and come up with a price offer for the purchase of debt portfolio
• When the mutual agreement is reached a cession is signed between the creditor and Ecex
• Creditor hands over to Evex all the documents that confirms the existence of the liabilities and deed of acceptance-delivery is made
• Evex begins the recovery of debt by beforehand informing the debtor of the cession fact