Can legal advisors help companies collect overdue payments?
The legal advisor can send a letter to exert pressure, apply for a payment order, initiate a lawsuit for preservation and enforcement; the statute of limitations for accounts receivable is 3 years. If the payment is overdue, it is necessary to collect the debt with evidence. For the debts arising from sales, the interest can be claimed at a rate of LPR plus 30% to 50%.
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