Debt Collections Handbook Argentina 2017

Debt Collection Reports

  • Argentina
  • Agriculture,
  • Automotive/Transport,

7th July 2017

Having drawn from the expertise of the Atradius Collections' local offices, the International Debt Collections Handbook explains the different stages, regulations and procedures for Argentina.

Amicable phase

General

 

 

Handbook Report Page - Amicable Phase

 

 

Atradius Collections Argentina provides debt recovery services all over the country through our network of correspondents in each province until obtaining a payment agreement that improves the conditions, terms and legal position of the client against the debtor.

Local agent

Our offices, located in the city of Buenos Aires, operate as the local headquarters for debtor appointments, but, if necessary, visits to debtors are made to their own local address. Our correspondents in each province work in the same way under our supervision from Buenos Aires.

Interest

Usually during the amicable phase, debtors are charged a default interest with a rate that is subject to negotiation. The default interest rate is generally 1% per month.

Costs

During the amicable phase, Argentine debtors are generally reluctant to face costs such as professional fees due to the disparity between currencies like USD or EUR versus the Argentine Peso. However, this is also a matter of negotiation.

 

The Debt Collections Handbook presents a snapshot of Argentina's local economic situation and it covers the following topics:

  • Legal procedures
  • Interest and costs in the legal phase
  • Insolvency proceedings
  • Timeframe and outcome

To read more about steps and procedures undertaken in the field of debt collection:

Download Debt Collections Handbook Argentina now!

 

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.