S.J. Grand China Debt Recovery Services
Accounts receivable recovery and cash flow improvement for your China company
The average time for accounts receivable (AR) collection in China is statistically longer than in most countries. Late payments are poorly regulated, making debt recovery more complex and resulting in a lower success rate. S.J. Grand experts will help you collect debts and improve cash flow.
The economic slowdown following the COVID-19 pandemic led China companies to take a closer look at their accounts receivable management. If your China entity faces a client defaulting on payments and you find it difficult to collect the debts, we are here to assist you in safeguarding your interests.
Required documents
Creditor’s and debtor’s registration and contact information, evidence of credit (contracts, purchase orders, invoices, shipping documents, delivery orders, email and other exchanges, etc.).
Fee structure
Service fee of RMB 5000 (excl. VAT) is charged before the beginning of the process + 10% of the recovered amount.
Fees related to court proceedings are charged separately.
Payment Methods
At present, we only accept payments via bank transfer.
You can choose to make the down payment by scanning the WeChat or Alipay code or through a bank transfer. Please note that payments via WeChat and Alipay include the platform commission of 6.6%.
Please let us know if you require a General or a Special VAT Fapiao.
If you have any questions, reach out to us at contact@sjgrand.cn.
Step 1
First Step - Initiation
Case review and assessment, discussions with you on the course of action.
Step 2
Second Step - Soft Action
After a discussion with you, we will proceed with the initial communication with the debtor (email notice, calls), negotiations regarding payment plans. If the amical negotiations do not result in dept collection, we will draft the Lawyer’s Letter.
Step 3
Third Step - Legal Action
With the support of the experienced legal team, we will assist you during the litigation process.