Debt recovery refers to an attempt to collect payment of an outstanding bill. You can try to do this yourself, but it’s usually better to hire a third party to recover the payment on your behalf.

Example 1: Assisted a large French-owned sports equipment company with reviewing its domestic debtors’ assets and business conditions, providing a thorough analysis of all debtor related information, and closely guiding the progression of the case, resulting in total recovery of approximately USD 2 million in debt through a final installment payment agreement.

Example 2: Assisted an Australian seafood company with collecting evidence of exchanges between the company and its domestic distributor creditors, drafting lawyers’ letters, flagging and requesting payment of debts on behalf of the company, ultimately helping the company recover RMB 500,000 in arrears within one week of commencing negotiations.

Example 3: Assisted a prominent American container transport company with assessing overdue accounts related to domestic debtors, collecting material evidence, and litigating the case in China, ultimately recovering approximately RMB 1.5 million that the debtors initially explicitly refused to pay.

Example 4: Cross-border fraud: assisting a European bank to recover fraudulently dissipated funds involving $50 million across multiple corporate layers and different jurisdictions.

Step One: Using our platform, complete the questionnaire and upload the relevant documents. Please include anything related to the overdue invoices, such as contracts, purchase orders, shipping and transportation documents, bills of lading, invoices, receipts, and all relevant correspondence.

Step Two: DaWo will carefully review your case and get in touch with you within 72 hours for a consultation by phone or email. This consultation will clarify your chances of recovery and the next steps to take.

Step Three: At your direction, one of our lawyers will draft, sign, chop, and send a formal Lawyer’s Letter to the debtor requesting payment of all outstanding invoices.

Step Four: After we send the letter, at your direction, we will negotiate with the debtor regarding settlement of the unpaid amount, including terms of a payment plan, time of payment, and amount of payment.

The total service fee is 5,000 CNY + 10% of any recovered amount.

Steps one and two require prepayment of 2,500 CNY _{(excl VAT)}.

Step three requires a prepayment of 2,500 CNY _{(excl VAT)}.

After we reach a payment settlement, we’ll invoice you with an additional fee of 10 % of any recovered amount.