Collection and security of a claim

For collecition of claims apply similar rules in commercial disputes as in ordinary disputes.

Collection and security of a claim

For collection of claims apply similar rules in commercial disputes as in ordinary disputes.

The execution procedure is the last stage in the process of exercising rights. The purpose of the execution procedure is to ensure the fulfillment of an obligation, which usually derives from a final judgment, if the debtor fails to fulfill his obligation on a voluntary basis. If you are a creditor and the debtor does not pay you your claim, we offer you full representation in the process of collecting the claim or the realization of a final court decision. We remind the debtor before the start of the collection, check debtor’s assets and try to reach an agreement with the debtor, that he will repay his debt outside from court procedure.

If there is no way to reach an agreement with the debtor, we apply for writ of execution on the basis of an authentic document (invoice, extract of open positions, check, bill of exchange) or title of execution (court decision, court settlement, notarial record), which leads to the seizure of monetary assets, personal income, movable property, real estate, etc. What kind of a seizure we suggest depends on the debtor’s financial situation, which was previously explored in our databases. If we find out that all debtor’s bank accounts are blocked, we propose a seizure of real estate or movable property, or vice versa. If your debtor files an objection against the writ of execution based on authentic document, we offer you complete representation in civil procedure. If you already have executory title such as court decision, compromise in court or notarial certificate your debtor can object only fort he reasons set out in Execution and Insurance Act. At that point, excecution procedure is usually completed very quickly, without additional court proceedings, of course, if the debtor has any assets.

Representation of debtors

If you are a debtor and you believe that the writ of execution has been wrongly issued against you, we will file an objection to the writ of execution on your behalf and we will represent you in court throughout the entire judicial proceeding. We will primarily try to terminate execution against you, otherwise we will negotiate with the creditor about more favorable terms of payment (write-off of statutory interest, executive expenses, principal, possibility of installment debt repayment), and conclude a settlement on the basis of which your obligation will be significantly reduced.