Debt Assessment

Debt Assessment

Debt assessment involves several steps:

  • Identifying Debtors and Outstanding Amounts: Individuals or companies in debt are identified, and the amounts due for each are estimated.
  • Analyzing the Cause of Debts: Examining the reasons for debts, categorizing them based on circumstances and priorities.
  • Assessing Repayment Capability: Estimating debtors' ability to repay based on financial analysis and their current circumstances.
  • Preparing a Collection Plan: Developing an effective plan for managing and collecting debts using various methods.
  • Providing Guidance: Offering guidance to debtors on how to better repay their debts.

This ensures the organization and facilitation of the debt collection process effectively.