Debt collection, a French evil not a fatality

• 3/4 of German companies pay their invoices on time compared to less than a third of French companies

• 56 billion euros: in France, the total amount of losses due to unpaid receivables

• 21 billion: the sums that should be paid to SMEs and SMIs assuming that debtors pay on time

• 90% of the sums collected by collection professionals are recovered out of court

• The difference in cost between amicable and judicial debt collection is about 1 to 5 for the debtor

• 75% is the percentage of chances to recover your debt three months after its due date. One year later, this figure drops to 20%.

• 9 out of 10 corporate debtors and 8 out of 10 individual debtors are actually creditworthy

• Inter-company credit is the leading source of financing in France and represents three times the bank credit

• Of the more than 60,000 bankruptcy filings observed each year for more than five years in France, one quarter - or more than 15,000 - are attributable to a payment default suffered

• In order to make up for the loss of profit due to an unpaid invoice, a company with a 5% net margin must generate additional sales of 20 times the amount of the unpaid invoice in question. This figure rises to 100 times the amount of the unpaid invoice for a company with a 1% net margin

Going further:

Practical files by economie.gouv : https://www.economie.gouv.fr/dgccrf/Publications/Vie-pratique/Fiches-pratiques/recouvrement-creances

Your rights: https://www.service-public.fr/particuliers/vosdroits/F1746

Discover our services :

Debt Collection Service: https://legalcity.fr/recouvrement-de-creance/

Service injonction de payer : https://legalcity.fr/injonction-de-payer/