Prescribed Account Write-Off

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Certain debts may legally become unenforceable after a specific period if no payment has been made and the debtor has not acknowledged the debt. This legal principle is known as prescription. At MCS, we carefully evaluate outstanding debts to determine whether they qualify for prescription under applicable laws. If a debt has prescribed, the creditor may lose the legal right to pursue collection or legal action against the debtor. Our consultants assist clients by verifying the status of their accounts and guiding them through the necessary steps to assert their legal rights. By identifying prescribed debts, we help clients eliminate unnecessary financial burdens and focus on resolving valid obligations.

Benefits

  • • Legal assessment of debt age
  • • Identification of prescribed debts
  • • Assistance with creditor disputes
  • • Elimination of unenforceable debts
  • • Reduced overall financial liability

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