Terms & Conditions

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Terms & Conditions of KNP Financial Services GmbH 


Out-of-court debt collection nationally and abroad

Pursuing of uncontested open claims with a court of jurisdiction in Austria

Payment allocation - Receivable collected
Capital Client
Collection fees of the client Client
Interest on arrears KNP Financial Services GmbH
Collection costs of the collection agency (according to Federal Law Gazette 141/1996 as amended) KNP Financial Services GmbH
Costs distribution - uncollectable accounts receivables
In case of uncollectibility the client does not bear any costs
Withdrawal of the assignment by the client
Till the third working day of handover to KNP Financial Services GmbH free of charge
From the fourth day from transmitting the file to KNP Financial Services GmbH Fee requiered

Judicial debt collection nationally and abroad

Pursuing of uncontested and contested accounts receivable with court of jurisdiction in Austria that are claimed according to the out-of-court intervention. Valid in case of accounts receivables with national court of jurisdiction if an international dunning procedure (european order for payment) is in place, for other cases an individual request is needed

Cash expenditures (e.g. court fees for a claim, execution request etc.) Client
Costs distribution - collectable accounts receivables
Capital Client
Collection fees of the client Client
Interest on arrears KNP Financial Services GmbH
Collection costs of the collection agency (according to Federal Law Gazette 141/1996 as amended) KNP Financial Services GmbH
Costs distribution - uncollectable accounts receivables
Cash expenditures (e.g. court fees for a claim, execution request etc.) Client
In case of contested accounts receivables, lawyer’s fee (according to the Attorney's Tariff Act) Client
Withdrawal of the assignment by the client
Cash expenditures (e.g. court fees for a claim, execution request etc.) Client
Lawyer’s fee (according to the Attorney's Tariff Act) Client
Collection costs of the collection agency (according to Federal Law Gazette 141/1996 as amended) Client
Interest on arrears Client

Trial loss - in case of contested accounts receivable

Lawyer’s fee (according to the Attorney's Tariff Act) Client

All tariffs exclude 20% VAT and in case of pursuing a case abroad exclude local VAT.
General Terms and Conditions of KNP Financial Services GmbH apply.

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