How to Proceed When Lending Money and What Legal Steps You Can Take to Get It Back
Lending money to someone can be risky, especially if no clear agreements are made. It’s important to take the right steps from the beginning to avoid problems later on. Here are some tips on lending money and the legal ways to recover it. Make clear agreementsAlways put in writing how much money is being lent, […]
What Is the Procedural Compensation (Rechtsplegingsvergoeding)?
The procedural compensation is a reimbursement that a party in a legal proceeding may receive for legal assistance costs. In Belgium, the losing party in a lawsuit can be required to pay this compensation to the winning party. The amount of the compensation depends on the complexity of the case and the value of the […]
Recovering Invoices: Essential Steps for Success
Collecting unpaid invoices is a common issue for businesses. When customers fail to meet their payment obligations, it can seriously impact a company’s cash flow. The first step in the collection process is sending reminders and payment requests. Often, a polite reminder is enough to prompt payment. If reminders are ineffective, the next step is […]