Cameroon collection profile

Cameroon-bnr

 

Collecting debts in Cameroon

  • Payment behavior is generally satisfactory, with payments being made within 60 days, despite contract terms typically stating 30 days. Payment terms are at the discrection of the parties, to be agreed in their contract.

  • Financial information cannot always be relied upon, so trading history is often a better indicator of a company’s viability.

  • It is common to see companies of bad faith proceeding with insolvency in order to avoid paying their debts, as they are able to easily remove goods from the company during audits to present a more difficult picture of their situation. With deep auditing and investigation, it is possible to prove that insolvency has been deliberately created and adequate legal measures can be taken to pursue such deceptive insolvents.

 

Download the PDF on the right hand menu to read the full profile.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Cameroon

    Cameroon

    Collection complexity

    very-high-2

    Collection relating to

    Payments
    $-4
    Court
    proceedings
    Gav-2
    Insolvency
    proceedings
    Arrow-4

     

     

    Publications about Cameroon

    › All publications about Cameroon