Debt Collection in Japan on a Contingency Fee basis
operated by Tanaka & Partners LPC
We undertake debt collection in Japan on a contingency fee basis, or “No Cure, No Pay”. DC JAPAN is the brand name of our debt collection service. We focus on the pre-trial debt collection, as amicably as possible. Since our fee is contingent, you will be required to pay it only when all or part of your claim is successfully collected.The rate of our fee is determined on a case-by-case basis and will be 15%-25% of the collected money. It will be negotiable if the amount of the claim is large.
In addition, even if debt collection in Japan is not successful, there are still merits in asking us to collect the claims. For example, we can act on your behalf in the procedures of bankruptcy of the debtor. We can issue a Wright-off Statement upon the request of the creditor.
There is no royal road to successful debt collection. Please check our standard procedure of the pre-trial debt collection. In the case of amicable debt collection by negotiation, flexible operations may produce good results. First, we will check why the debtor did not pay on the due date and if it is deemed appropriate, we will propose a reduction or installment payment to the debtor with the prior consent of the creditor. By doing so, it may be possible to recover a large part of the claim earlier, although it is not 100% of the amount.
We are the qualified attorneys (Bengoshi). In Japan only attorneys may collect claims without any restrictions on the types and amounts of claims. Japanese attorneys are prohibited from partnering with anyone who is not an attorney due to the provisions of the Attorney Act. They are also required to verify the identity of creditor-client so that the collection will not be used for money laundering.
Under such circumstances we undertake debt collection in Japan on a contingency fee basis but we do not guarantee success of the debt collection at all. As mentioned above, we focus on the pre-trial debt collection. When moving to the court procedure, our fee will be still contingent, but the advanced payment of court fee and postage will be required. We will obtain the consent of creditor-client in advance to take any court proceeding.
First of all, please use the free consultation by the inquiry form. We will explain whether or not to undertake the debt collection and detailed conditions if we undertake it.
We welcome inquiries from overseas creditors or forwarders.
On the Extinction Prescription of the Claim
On Approval and Enforcement of Foreign Judgments in Japan
Special Request to Collection Agents
The description of debt collection on this site is for general information purposes only. Tanaka & Partners, LPC. and the attorneys belonging to the office are careful not to make any mistakes, but do not guarantee the accuracy or completeness of the description.