Debt Collection and Enforcement Lawyer
Our law office is specialized as debt collection and enforcement lawyer.
If a debtor does not comply with their payment obligations, a creditor may rely on enforcement proceedings to recover the sums owed.
In the area of debt collection, the lawyers at D.Vladimirov & Collegues are often approached by Bulgarian and foreign businesses, freelancers and private individuals.
We differ from non-legal service providers in that we can make use of the whole spectrum of legal instruments in order to effectively assert your rights.
Regardless of whether you are looking for advice regarding amicable debt collection procedures, contested procedures or the enforcement of foreign judgments, our team is ready to support you.
The Debt Collection Procedure
The debtor is usually first requested to pay the outstanding amount out of court. For this, the debtor is asked to pay their debts within 7-14 days.
The extrajudicial demand is required, as otherwise, the opposing party could immediately recognise the claim.
This would have the consequence that the creditor would have to bear all costs for the legal proceedings. Therefore, out-of-court solutions should always be sought first.
As the next step, the claims can be asserted in court with a dunning procedure or lawsuit.
Enforcement proceedings follow this. An essential condition to start enforcement proceedings is that there must be an enforcement title.
This title determines the identities of the creditor and debtor and the type, substance, and range of enforcement.
A judgment by a court of law, an enforcement order effected by a default action, an enforceable deed or a settlement agreement can constitute such an enforcement title.
Further, the creditor must make an application to the relevant enforcement authority.
Depending on the object of the enforcement proceedings, either the District Court or a bailiff may be responsible.
Our lawyers are ready to advise you and represent your interests during contested debt collection processes.
We will oversee the submission to the competent court regarding the claim and the debts.
Should the debtor challenge the claim, our team will prepare your case for the courts and the personal hearing.
Our lawyers will source the required documents, such as expert statements and further evidence.
Should the case not be successful at first instance, our lawyers will advise you regarding preparing the appeal.
At D.Vladimirov & Collegues, our debt collection lawyers are vastly experienced in debt collection cases, and will be support you throughout the process.
If your company is dealing with unpaid debts, it can be a stressful situation.
Determining the best course of action can be a challenge.
Under Bulgarian law, creditors can seize the debtor’s assets, and this process is provided under the Bulgarian Code of Civil Procedure.
However, it can be a challenging route to take.
At D.Vladimirov & Collegues, we have worked with debtors and creditors in such cases and are available to advise you in this matter.
Our lawyers are available to advise you regarding the legal steps necessary and what assets can be seized.
Additionally, we assist clients with alternative debt collection methods that may be more suited to their current situation.
By consulting with our professionals, you can be assured that we will provide tailored solutions suitable to your situation.
Please, do not hesitate to contact us directly to work with our team on + 359 897 90 43 91