Kinsmen Advocates Law Firm

The first step in recovering debts in Cameroon is to write a demand letter to the debtor, 

1. Issue a reminder: This is the first step a creditor should adhere to. Thus, the creditor is to send a reminder through written letters, emails, or SMS reminding the debtor of his inability to pay the debt as at when due and the importance of doing so as refusal may make the creditor institute the matter in court. Where the debtor does not make payment after the reminder, a further mail to the debtor, referring to the reminder earlier sent should be made. The letter of reminder can be drafted by the creditor's lawyer.
2. Negotiate on new terms of payment: It is important for the creditor to give room for discussion and negotiate with the debtor on new terms of payment of the debt where it is glaring that the debtor is desirous of paying the debt but for circumstances beyond his/her control, was unable to do so at the actual date fixed for paying the debt.
3. Fall back to the agreement earlier made: Where the parties have made an agreement before the loan, goods, or services were given out, it is important for the creditor to fall back on the said agreement to know if an alternative method of resolving the problem before going to court should the default be made in paying the debt, was stated therein.
4. Letter of demand: A letter of demand can be issued to the debtor(s) stating the debt owed, the date on which such loan, goods, or services were given out, the agreed date it ought to have been paid, and the deadline stating that the creditor will commence an action in court where the debt remains unpaid. The letter can be drafted by the Creditor’s lawyer. Hence the need for the creditor(s) to employ the services of a lawyer.
5. Apply Alternative Dispute Resolution Mechanism: It is important for the creditor to explore other methods of dispute resolution before resorting to litigation.
6. Institute a matter in court: Where the creditor has exhausted all avenues to settle the matter, the creditor can institute a matter in court this being the creditor’s last resort to getting the debt owed. The court has the power to entertain matters regarding debt recovery and as such, enforce payment on the debtor.
   

The key benefit of hiring our firm is that , it's our area of specialty and competence. Sometimes debtors need iron hands and if we identify such, we engage the forces of law and order.