Debt Collection & Legal Process

2 days workshop

INTRODUCTION

In order to be an effective collector, you need to have the heart of an entrepreneur. This course will help to provide you with an environment that stimulates proactive behavior in order to achieve greater goals for yourselves and your organization. By creating value for your organization, you will be amazed at the speed of career advancement. Real-current problematic debt cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.

COURSE OBJECTIVES                                                                                                                                   
By the end of this course you will be able to:

  • Understanding Negotiation Techniques 

  • Profiling Your Customers

  • Use Practical Debt Recovery Approaches

  • Understand Legal Debt Recovery Strategies

  • Know When To Initiate Legal Actions

  • Know How To Avoid Futile Effort In Recovery

  • Review Legal Case Studies

  • Understanding Bankruptcy (Amendment) Bill 2016

METHODOLOGY

Case Study & Group Discussion. Real-current problematic debt cases will be analyzed and scenario solutions will be discussed within the workshop.

WHO SHOULD ATTEND

Bankers, Accountants, Business Managers, Marketing Managers, Collection Executives, Sales Executives, Finance Executives, Supervisors, Managers, Credit Analysts, Credit Controller & Recovery Officers.

Special Feature: NOTE: Please bring laptop along ( Templates are provided)

PROGRAMME OUTLINE

Day 1

 Module 1: Burning issues in debt recovery 

  • Management Bureaucracy

  • Collectors Are Not Well Recognized 

  • Borrowers Has Multiple Loans Exposure To Other Banks

  • Unable To Locate Customers

  • Insufficient Funding For Repayment

Module 2: Customer Risk Profile

  • Assessing Your Risk Factors 

  • What Are The Strategies To Negotiate Debt?

  • Why Borrowers Are Not Paying You?

Module 3: Negotiation Techniques 

  • Soft Negotiation

  • Hard Negotiation

  • Principles Negotiation

  • Successful Negotiation 

Profiling Your Debtors

  • Handling Complaints & Difficult Customers 

  • Focus on Large Customer

  • Visit your Debtor 

Module 4: Improve Telephone Skills 

  • Improve Telephone Skills 

  • Collection Skills Via Telephone

Collection Skills Via Telephone

  • Persistency

  • Speak Your Customer Language

  • Profiling Customers

  • Flow Along With The Customers

Module 5: Credit Evaluation & Monitoring 

  • Importance of Credit Evaluation & Monitoring

  • Criteria For Approval Or Rejection 

  • Setting the Credit Limit

  • Monitoring Customer Account  

  • Group exercises

Qualities of an Effective Collector 

  • Identify the qualities of an effective collector  & rank them 

  • Role play & reverse play on your attributes as effective Collector


Day 2

Module 6: Case Studies & Group Discussion

  • Case Study 1 (Negotiation Skill) 

  • Case Study 2 (Credit Evaluation) 

  • Case Study 3 (Handling Difficulty Debtor)

  • Case Study 4 ( Bank Branch Manager Task)

Recoveries Techniques

Module 7: External Outsourcing to Collection Agencies 

  • When & why Outsource debts to collection agency

  • Outsourcing Cost 

Internal Outsourcing to Staff

  • Why should outsource to staff & when not to outsource to staff

Module 8:  Legal Procedure 

  • What To Do Before Litigation

  • Contents Of Letter Of Demand

  • Factors To Consider Before Suing

  • Preparation For Suing

  • Preparation  For Trial

  • Enforcement Of Judgments

Module 9: Bankruptcy (Amendment) Bill 2016

  • Voluntary Arrangement introduced as a new rescue mechanism

  • Stringent requirements for service of bankruptcy notice and creditor’s petition

  • Single order of bankruptcy introduced

  • Minimum debt threshold has been increased

  • Stronger protection for social guarantors

  • Leave of court required to commence bankruptcy proceedings against other guarantors

  • New list of bankrupts to be allowed discharge

  • Automatic discharge introduced

  • Establishment of the Insolvency Assistance Fund

Module 10: Case Studies & Group Discussion

  • Case Study 5: Head of Credit Controller Task

  • Case Study 6 (Dealing with NPL borrowers) 

  • Case Study 7 (Detecting early warning sign)  

  • Case Study 8 (Government Accounts)


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 Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA. 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle,  IQPC Worldwide Pte Ltd , Singapore,  Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation, Asia Business Forum Pte Ltd, Hong Kong, Ministry of Development, Brunei , BICPA Asean Management, Brunei,   Risda Group Of Companies,  Sales & Marketing Training  Forum, Sri Lanka, Giant Retail Sdn Bhd,  Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd,  Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, SYNERGY RMS PTE LTD, India;  UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd & VMAC Business Group (M) Sdn Bhd, China

He is currently providing management consultancy and training specialising in GST, Forecasting , Fast closing monthly,  leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Testimonial from past participants

“After the 2 day workshop on “Debt Recovery on NPL”, the following improvement are obvious, I set customer dateline for customers to pay, as the trainer impressed with the phrase “customer always want to pay “Now I have the passion for collection from my customers” Head -Credit Division, Credit Guarantee Corporation 

“The clear improvement is the boosting of my confidence in negotiation with the customers on default payment, knowing what to ask, how to approach the customers as many role plays of customer interaction facilitated by Dr Steven Liew really helps me in the collection process. Really nice to hear from you again & following up on my collection position” Asset Manager, Malaysian Debt Venture 

“The credit management & collection seminar reinforce my believe in building strong rapport with customer, help the customers & even take some risk if necessary to recover the money. The skills learnt from the practical training process in solving & recovery the debts are indeed rewarding & challenging. Dry Steven; feel free to drop by for a cup of drink & chat” Marketing Manager & Credit Head; Theen Seng Paper Manufacturer Sdn Bhd

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