I have questions about the outstanding receivables collection procedure.

Hello.

It is very unfortunate to hear that you have not received back the 50 million won you lent to an acquaintance.

Even worse, you are in a disadvantageous situation because there is no loan certificate.

If the repayment date has already passed and your content-certified mail was ignored, you can respond legally through an outstanding receivables collection lawsuit.

When preparing a lawsuit related to outstanding receivables collection, you must prove the fact of lending the money and the circumstances of not being repaid, so you must prepare transfer records, text/KakaoTalk conversations, and recorded phone calls.

The litigation procedure begins by submitting a complaint to the competent court.

After that, the court serves the complaint on the defendant debtor, and the trial proceeds through a process where both sides exchange arguments and evidence.

At this point, if possible, simultaneously applying for provisional seizure to prevent the other party from disposing of their property in advance can also be an important strategy.

In the absence of a loan certificate, a simpler and cheaper procedure than ordinary civil litigation is the application for a payment order.

A payment order proceeds based on documents only, and through the court's judgment, it can lead directly to compulsory execution, making it an efficient method.

However, if the debtor files an objection, it ultimately converts to a formal lawsuit, so this possibility must also be kept in mind.

As such, since outstanding receivables collection lawsuits require various strategies and preparation depending on the situation, it is best to consult with an attorney experienced in debt collection to formulate a more concrete response plan.