1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Bosnia & Herzegovina 

Bosnia & Herzegovina is divided into 2 political entities Federation of Bosnia and Herzegovina and Republika Srpska. Our local office is in the largest municipality Sarajevo which means we are in prime location to recover debts throughout the entire country. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language, in this case there is no official language but the most widely spoken are Bosnian (53%), Serbian (31%) and Croatian (15%). We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Bosnia & Herzegovina 

3 years but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
Search a country below for debt collection: 

How to Instruct Us 

We simply require the following details: 
Full name & address of the debtor 
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s) 
Amount owed (Invoice(s) or Statement will help) 
Or ask us to call you – just leave us your details: 

Bosnia & Herzegovina Debt Collection – No Win No Fee 

Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. 
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows: 
The local International Debt collection Partners know: 
The local cultures 
The best methods of initiating debt recovery letters and processes 
The languages 
The laws 
Are in the same time zones 
Herewith details of our debt collection service Bosnia & Herzegovina: 

Location of debt recovery office in Bosnia & Herzegovina? 

Sarajevo. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

3 staff.Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors. 

How long have you been operating a debt recovery service in Bosnia & Herzegovina? 

We have been operating a European debt collection service on a no win no fee basis in Bosnia & Herzegovina since 2007. Bosnia & Herzegovina is included on our debt collection agency list

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)? 

We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates

Statue of Limitation in Bosnia & Herzegovina? 

3 years 
Bosnia and Herzegovina civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Bosnia and Herzegovina is 6 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include: 
Bosnia and Herzegovina Open Account Years – 3 years 
Bosnia and Herzegovina Promissory Notes – 3 years 
Bosnia and Herzegovina Written Contracts – 3 years 

How EU (European Union) laws effect debt collection in Bosnia & Herzegovina? 

There are no effects but generally all laws have to harmonize with EU laws in next years. 
Bosnia and Herzegovina signed a free trade agreement (FTA) with the European Union (EU) in 2008 and this has been enforced since 2015. Bosnia and Herzegovina is also part of SAA (Stabilisation and Association Agreement). Bosnia and Herzegovina is currently negotiating for EU accession. Bosnia and Herzegovina is a potential candidate for EU accession. 

How many companies registries in Bosnia & Herzegovina for businesses (i.e. UK has just 1 central registry)? 

2 company registries is Bosnia & Herzegovina. 
There is 1 company registry in Bosnia & Herzegovina which is called Republika Srpska – Registers of Business Entities located at Vuka Karadžića 6, 78000 Banja Luka,, Republic of Srpska, Bosnia and Herzegovina. There is also a company registry for Brčko District. 
We have access to Bosnia & Herzegovina Company Registry searches to find out who further background information on all Bosnia & Herzegovina companies. 

What is the debt collection process in Bosnia & Herzegovina? 

We send the reminder debt collection letters (usually two debt recovery  letters) via email or post, we call the debtor every two weeks, we go on debtor’s address and make agreements, payment plans in cooperation with our clients. We have additional services as a credit report, a Lawyer’s reminder and check of debtor’s bank accounts and assets in order we suggest a legal action or not. 

Average length of time to collect a debt? 

Average 4 months but it depends from payment plans and amount of b2b debt collection case. Also, it can be 12 months. 

Can late payment fees / interest to be added to claims? 

Yes, it can be added but only court can force the debtor to pay. In out of court proceedings the debtors avoid to pay interests or other costs. 

Details on legal service / process in Bosnia & Herzegovina? 

The legal processes take between 2 and 5 years which depends an appeal on Lawsuit or Judgment. 
The appeals prolong the court process when we have to engage a court financials experts etc. 
If there is no appeal usually our lawyers go on two obligatory hearings and process will be finish within 2 years. 
Only if creditor has a bill of exchange then we can go on enforcement proceeding and can finish between 1 and 2 years. 

Bosnia & Herzegovina Business Credit Reports 

Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are around 70,000 active businesses in Bosnia & Herzegovina. We provide freshly investigated Bosnia & Herzegovina credit reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. 

Bosnia & Herzegovina Skip Tracing Agents 

Creditreform’s debt collection company service also uses expert local Bosnia & Herzegovina tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace. 

Specialist Debt Recovery Experts 

There are many unique requirements to recovering international debts in all countries including Bosnia and Herzegovina debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from the Debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service. 

Bosnia & Herzegovina Debt Collection Partners in the following Bosnia & Herzegovina Cities  Banja Luka Debt Collection Agency Mostar Debt Collection Agency Prijedor Debt Collection Agency Sarajevo Debt Collection Agency Tuzla Debt Collection Agency Zenica Debt Collection Agency  

Which countries border Bosnia and Herzegovina? 

Bosnia and Herzegovina is bordered by Croatia, Montenegro, and Serbia

Who are the main trading partners for Bosnia and Herzegovina? 

The main trade markets for Bosnia and Herzegovina are Germany, Croatia, Serbia, Montenegro and Italy

What is the legal system in Bosnia and Herzegovina? 

The Bosnia and Herzegovina legal system is Influenced by Austrian law. The Swiss civil law (Zivilgesetzbuch) was a model for the Law on Obligations of 1978. 

What is the name of the Government Gazette in Bosnia and Herzegovina? 

The Gazette in Bosnia and Herzegovina is called the Službeni glasnik Bosne i Hercegovine - Official Gazette of Bosnia and Herzegovina. 

What is the Supreme Court in Bosnia and Herzegovina? 

The Supreme Court for Bosnia and Herzegovina is called the Constitutional Court of Bosnia and Herzegovina, Court of Bosnia and Herzegovina 

Bosnia and Herzegovina Debt Collection Agency FAQs 

1. How does a Debt collection agency in Bosnia and Herzegovina recover overdue debts? 

The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Bosnia and Herzegovina as the debtor now has to resolve the debt and can no longer hide or provide lame excuses. 

2. How long does the debt recovery agency in Bosnia and Herzegovina take to process a case? 

The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return. 

3. What is the success rate for debt collection agencies in Bosnia and Herzegovina? 

The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable. 

4. Does the debt recovery agency in Bosnia and Herzegovina operate a No Win No Fee debt collection? 

We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered. 

5. Why use a local debt recovery agency in Bosnia and Herzegovina? 

The reasons for using a local Bosnia and Herzegovina debt collection agency than processing from a different country is the debt collector in Bosnia and Herzegovina speaks the local language, knows the local laws and operates in the same time zones. 

6. Are there any debts too old or too small for Bosnia and Herzegovina debt collection? 

We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Bosnia and Herzegovina debt collector. 

7. How do I instruct the debt collectors in Bosnia and Herzegovina? 

Instructing the debt collectors Bosnia and Herzegovina is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated. 

8. What evidence do I need to provide when instructing the Bosnia and Herzegovina debt collector? 

When instructing the debt collector in Bosnia and Herzegovina just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process. 

9. Who does the debtor pay? 

In general the debt collector in Bosnia and Herzegovina will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away. 

10. Can I instruct multiple cases? 

You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements. 

11. Can you trace debtors in Bosnia and Herzegovina? 

Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor. 

12. How long does the debt collection process take? 

On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way. 

13. What are my options if debt collection in Bosnia and Herzegovina is not successful? 

If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you. 
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