From home-based business to large corporate firms, everyone sells goods on credit. Professionals in every field of life also charge their service fees to earn a livelihood. Whereas, People willing to start a new business get a loan for the first investment. These bills and invoices, if not paid on time become a debt.
Estonia is also known to be a hub for business owners and investors. Some of them make credit whereas others face financial crises due to debt. Our associate debt collection Estonia experts thus assist people living in Tallinn, Tartu, Narva, Parnu, Viljandi, Kohtla-Jarve, Kuressaare, Voru, Rakvere, and Haapsalu to get their money back.
How to deal with an Estonian Debtor?
Following are the suggestions by debt recovery Estonia specialists for creditors when their Estonian debtors are delaying the payment:
- Communicate to the debtor via fax, email or call
- Inquire about the reason behind delayed payments
- Send written demand notices through legal means
- Remind them about the expected date for payments
- Clearly state the invoice details in the reminder
Get Benefit of Hiring a Debt Collection Lawyer
Being new to business or facing debts for the first time makes the business owners anxious as they are not aware of how to get their overdue payments back. Therefore, getting professional assistance from a debt collection lawyer is suggested to deal with the legal aspects of the matter.
Our associate legal attorneys are aware of the cultural and business traditions of Estonia. They will guide you on which route to take. Moreover, they have extensive experience of dealing with debtors thus ensure that you get your dues recovered on time.
What is the process of Debt Recovery Estonia?
Dealing with a debtor is a tricky process as you must abide by the rules and regulations of the state. This process is usually divided into two phases so that disputes are resolved through an amicable settlement before heading to court. Methodologies followed for debt collection Estonia is:
- Extrajudicial Debt Recovery
This process involves negotiations between both parties. A debt collector or a solicitor arranges meetings between creditors and debtors. Both parties are advised to come with documented evidence. Most of the times, easy reimbursement plans are devised to ease both parties financially.
- Judicial Debt Recovery
The judicial debt collection process in Estonia follows the European order for payment procedure. If the debtor and creditor belong from EU member countries then this procedure is followed for debt recovery Estonia, except for the people belonging from Denmark.Court issues a 30 days’ notice to debtor to claim any object with evidence. If the debtor does not appear in court, then a final notice is issued stating the due date for paying off the outstanding debts. Debtors are bound to abide by court orders otherwise court has the right to charge them legally.
Avail Customized Services from a Debt Collection Agency
Our associate debt collection agency has a team of legal experts who devise the debt recovery procedures as per the concerns of the client. You can get legal consultancy about how to deal with a non-paying client and you can also hire them to support you in legal matters.
No Win No Fee
This policy is devised for people who do not get their money back. If our associate debt collection lawyer fails to recover your debt, then you will not be liable to pay their service charges. As per our No Win, No Fee plan, unsuccessful debt recovery cases are free of cost.