Debt Management Company “Fortum” using a recognition world practice ways of pre-judicial, Alternative Disputes Resolutions. Alternative Dispute resolutions (ADR) – is a group of process through which disputes and conflicts are resolved without engaging legal proceeding. The tree main types of Alternative Disputes Resolutions they are: negotiation, mediation and arbitration. All of them are the alternative in the relation to official justice, state judicial authority.

Among aforementioned alternative methods of debt disputes, the Debt Management Company “Fortum” in the practical activities uses the most widespread way mediation. Debts collecting are carried out due to mediation by a third independent and neutral to a subject of  the dispute party (mediator) who has special knowledge and helps the parties to a conflict establish a communication process and analyze situation in a way that allows them to make a decision on their own that will satisfy their interests and needs. In contrast to a formal judicial or arbitration procedure, the parties reach an agreement voluntarily during mediation – the mediator doesn’t make decision for them.

Mediation as the alternative to judicial procedures resolves debt disputes has such advantages:

• saving time and money, unlike the trial;
• the final decision is accepted by the parties, a beneficial resolution for both parties;
• privacy;
• greater probability that the decision will be implemented;
• preserving business relations;
• informal process;

The lawyers of the Debt Management Company “Fortum” will provides full legal support for the mediation starting with preliminary consultancy and until controversial matters are actually resolve and parties fulfill their obligations in accordance with the agreements reached by them. The main  function of representatievs of our company  together with the parties to find out the most suitable solution.

So if you're interested in saving your time and money, and to achieve the best result in the dispute the Debt Management Company “Fortum” always ready to help you.