Deutsche Pfandverwertung offers alternative solutions for the realization of overdue receivables.
Problems with defaulting customers can be solved comparatively quickly and cost-effectively. This makes many things easier than before, as the previous procedure of reminders from lawyers, long court proceedings and waiting times for bailiffs is no longer necessary.
Bad debts often burden private and business creditors for a long time and reduce liquidity. For small or medium-sized companies, a high level of non-payment can even lead to their own insolvency. For stubborn debtors, going to a lawyer has become common practice.
The solution: Use legal or contractual pledges of rights
However, many creditors are unaware that, according to the law, they can realize their due claims at short notice and comparatively inexpensively in a legally secure procedure due to statutory or contractually agreed liens and other enforcement rights. Not only private individuals, but also entrepreneurs and lawyers are often no longer aware of the advantages and simplifications that result from the consistent implementation of pledges of rights. Even if creditors are aware of the possibilities of the pledge of rights, as legal laypersons they shy away from taking the path of realizing the pledge in a so-called public auction, even though the pledge of rights has long been laid down in the BGB, HGB, GmbHG and AktG. On the one hand, this procedure appears to be complicated because it is simply too little known. On the other hand, there have so far been hardly any offers for the convenient initiation of such a legally secure procedure.
Digitization will profoundly change the area of the so-called public auction for the sale of pledges of rights and pledged items. Deutsche Pfandverwertung is making a start. The entire “customer journey” is managed online, i.e. the process of determining the right to liquidate, commissioning, generating prospective buyers and carrying out the liquidation in accordance with the law. A client can quickly and easily create a recovery case on the website, initiate the further procedure and maintain an overview.
Target groups are credit institutions, private and commercial landlords who want to have blocked properties cleared promptly, freight forwarders, logistics companies, contractors such as car dealerships, merchants, the public sector and financial administrations. It also concerns creditors in the event of impending insolvency or creditors who want to have valuable or special items seized by the bailiff realized in the best possible way. Lawyers who want to propose a legally secure and quick alternative to the previous procedure to their clients are also addressed. New solutions arise for numerous other problems such as the death of the tenant, inheritance disputes, insolvency cases, default of acceptance, self-help sales and even when company shares have either not been paid in (caducity) or shares have been pledged. A pledge auction affects all product groups from household goods, cars, vintage cars and machinery to art and antiques. Even when it comes to realizing a property, an optimum result can be achieved in a voluntary bidding procedure.
Deutsche Pfandverwertung as a competent partner for collateral enforcement
Deutsche Pfandverwertung operates throughout Germany and is run by publicly appointed, sworn auctioneers who are authorized by law to conduct public auctions. When it comes to realizing high-value items, international buyer groups are also contacted in order to achieve the highest possible proceeds. This applies to spectacular or particularly valuable auctions that require extensive advertising, in which rights such as company shares, securities, trademark rights, domains or patents, classic cars in the high-end segment, aircraft outside of aviation roles, super-luxury hi-fi systems, special works of art or valuable musical instruments are offered for sale.
However, the focus is not only on the optimal realization of pledged items for creditors. The interests of the debtors are also taken into account by the publicly appointed auctioneer, who is sworn to neutrality, in order to reduce the debtors’ obligations as much as possible. When creditors and debtors need information, Deutsche Pfandverwertung relies almost entirely on digital advice, as the comprehensive range of information on offer answers most questions. However, day-to-day work shows that individual discussions are not superfluous. After all, even the best online advice cannot replace the personal relationship of trust that arises from a one-to-one meeting.
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