Resend your invoice and follow up the information politely. Once the payment is overdue, send an email to remind your customers. Be sure to indicate the date of payment, remind them of the payment method you accept, and clearly list the late payment fee included in your payment terms. Please be sure to attach the original invoice to the email for your reference.
Call or contact in person. If your email seems to be ignored, call your customer in person. Be friendly and polite when you know the situation and see if we can reach an agreement. If your initial contact can't answer your question, you can call the customer's finance department. They can get all the relevant information and let you know whether your dunning letter has been delivered, whether the money has been paid and when you expect to receive it. If this step still doesn't work and the customer is local, try to discuss the problem face to face with them.
Stop working. If you still haven't received payment from the customer, please stop any unfinished projects and let the customer know that you won't restart their projects until you receive payment. This may be enough to force them to pay the bill, but if not, at least you won't waste more time on an unpaid project.
2. Hire a collection company. If you still want to stay away from the court, you can consider transferring your account to a collection company to recover debts.
Depending on how much you owe and whether you are willing to take legal measures, it may be a good choice to hire a collection company. Collection companies can usually collect debts effectively, so that you don't have to participate in the process of collecting debts-which means you can focus your time and energy on customers who pay their bills on time. However, if you don't want to give up some of your hard-earned money, it's time to consider taking legal action.
3. Send a lawyer's letter. If your client doesn't pay, or you don't receive their reply, ask a lawyer to draft a letter. You have to pay, but the cost is usually reasonable. In addition, for some customers, as long as you take legal measures, they will take action and contact you to make a payment plan.
4. Legal proceedings. Two common pre-judgment remedies are pre-litigation mediation and property preservation. First of all, the court will communicate with both parties, coordinate and solve problems and reach a settlement. There is also property preservation, freezing the debtor's movable property, real estate and bank accounts. If the settlement fails and the debtor refuses to implement it after losing the case, the creditor may apply for enforcement, and the court will directly transfer the debtor's bank deposit to the creditor.
5. Initiate involuntary bankruptcy proceedings. If the liquidity can't make up for the creditors' losses, the debtor's movable and immovable property will be auctioned. At that time, the debtor will enter the blacklist of credit information, and the list of abnormal business operations will affect the normal operation of the enterprise, and the debtor will also enter the blacklist of credit information. When a debtor owes several creditors, they can unite to start involuntary bankruptcy proceedings against the debtor. Then, the court can order the debtor to liquidate its assets to pay off its debts, or it can propose a reorganization and repayment plan to the court.
If you still don't understand, you can also consult professional recycling teams, such as Daidaka and Lian Xin in Qingdao, which are all good recycling teams in ITC. They have more experience in international investigation and handling international trade disputes, which is regarded as a more professional recycling team in China.