Litigation | 2 Credit Recovery Techniques For Brazil

Credit recovery technics advanced in Brazil over the last years.

Although they still rely on the “old” judicial lawsuit, the use of modern strategies may increase substantially the chances of success for foreign and Brazilian creditors seeking credit recovery locally.

See below 2 sensitive points:

1. Use of Big Data: The use of big data technology to find debtor’s assets with economic value sufficient to pay off the outstanding debt (or part of it) has become a key tool in credit recovery. The traditional search into public registries (which, continue to be essential, but takes sensitive time) must be coupled with big data-based asset search, which is becoming more accessible in recent years. Such joint approach brings assertiveness, time saving, and economy to the process.

2. Multiple Approachs: Another key point lays in the form of how to present and conduct the claim. We noted an increase in credit recovery success when the main judicial procedure (execution or ordinary lawsuit) is coupled with other preliminary and/or parallel proceedings that may apply to the specific case, turning the slow mode recovery into a proactive proceeding. They may include from notifications and judicial-imposed registry annotations, to other judicial and extrajudicial legal intelligence actions that, as a whole, may reduce or restrict debtors’ defenses.

The use of such innovative techniques is showing a sharp improvement in the rate of success of credit recoveries in Brazil, and may be of help to foreign and Brazilian creditors.


Share on facebook
Share on linkedin

Subscribe to
our Newsletter:

* Mandatory fields