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Resolving debt disputes through mediation and negotiation is an effective method to resolve financial conflicts between lenders and borrowers. This method helps the two parties reach an agreement on the payment of principal and interest in a fair and reasonable manner. Using professional support and consulting services will help customers assess the payment ability of the parties, thereby providing a reasonable and highly effective debt settlement roadmap.
Mediation and negotiation are two popular out-of-court dispute resolution methods in the financial sector. These two methods help participating parties negotiate to reach a common solution. Mediation typically involves a neutral third party, while negotiation takes place directly between the parties involved.
In debt disputes, conciliation and negotiation focus on finding a payment plan suitable to the borrower’s financial capacity, while ensuring the interests of the lender. This process may include adjusting interest rates, extending repayment terms, or even reducing part of the principal if necessary.
According to Vietnamese law, debt dispute mediation can be carried out through commercial mediation centers or independent mediators.
Reference content: Clause 1, Article 3, Decree 22/2017/ND-CP.
Resolving debt disputes through mediation and negotiation plays a key role in maintaining financial stability and business relationships. This method brings many specific benefits to stakeholders.
Choosing mediation and negotiation methods in resolving debt disputes brings many benefits to the parties:
You should rely on the benefits of negotiation and reconciliation in debt dispute resolution to make reasonable decisions, and bring the highest efficiency in debt handling.
The organization of commercial mediation must meet strict standards of professionalism and professional ethics. This ensures quality consulting and support services during the debt dispute resolution process. With a team of experts with many years of experience in the field of debt dispute resolution, Long Phan is committed to providing customers with consulting services, scientific support and the highest efficiency.
The services we provide include:
Resolving debt disputes through mediation and negotiation is an effective method, helping parties reach a fair agreement and maintain a good relationship. For customers who need detailed advice on this issue, please contact Long Phan Hotline: 0906735386 for assistance from our legal experts.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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