The order for payment procedure is a court procedure that is used to simplify the enforcement of monetary claims and the restitution of property.
Its object is obtaining of a writ of execution without a legal trial.
The fees for initiating the procedure for issuance of an order for payment amount to 2 % (two percent) of the value of the claim.
In addition, the claimant could incur some expenses for attorney’s fees, which depend on the value of the claim.
If the debtor raises objections against the issued order for payment and a trial begins. Getting enforcement letter Bulgaria
If the debtor fails to raise objections, a writ of execution shall be issued in favor of the claimant and on its grounds an enforcement procedure begins, the additional costs of 2 %
The procedure of getting enforcement letter Bulgaria…
Under the current Civic code, and in particular the provisions of Art. 410 and Art. 417 CC, anyone can ask the district court to issue an enforcement order.
The order of execution is valid ground for issuing a writt of enforcement letter.
The purpose of this commandment is a quick, surprising and more economical process.
This in practice means that the claim can be based on almost any basis – a contract of employment, a rent contract, a loan contract, and any kind of bonding relationship in general.
The proceedings shall begin with an application by the applicant (the creditor) to the district court under the common local jurisdiction – at the permanent address of the debtor.
The District Court examines the application by verifying its regularity and the admissibility of the proceedings.
The applicant must also reflect the basis on which he refers for his affection. Getting enforcement letter Bulgaria
This practice may be a contract or other documents showing that the claimant has one claim from a creditor.
In turn, the debtor may object to the warrant issued within 14 days, which in any way has no evidential value for the existence of the claim up to that point.
It becomes the enforceable ground on which to issue a writ of execution in order to initiate enforcement proceedings against the debtor.
Of course, he may also voluntarily pay his debt if he acknowledges it within the same 14-day period following the receipt of the order.
If, however, he objects to the general claiming process, the claimant in the order for the proceedings has a one-month term from contesting the claim in which he can file a claim with the same court.
Having a local lawyer who knows all the ins and out of Bulgarian debt collection procedures and laws can help you recover the payment you are entitled to.
Debt Collection in Bulgariais a procedure of collecting due payments from debtors and defaulting payers. In this article, we will describe the process in detail.
Whether a domestic or international debtor, we are able to resolve outstanding debt issues in the local language and in keeping with local laws and practices. Simply the act of outsourcing the debt recovery process to us enables you to focus on your core business.
Support from a debt collection lawyer
A debt collection solicitor has several important features, which present his authorised actions, regulated and granted by law:
A debt recovery solicitor can send juridical letters to the debtor. Such documents can consist of letter before action, letter of demand, etc.
These letters have to be in compliance with different laws according to the country.
Debt collection lawyers can personally visit the debtor in his premises and offer a convenient payment plan to settle the debt.
A debt collection lawyer has the right to forcefully seize part of debtor’s property to clear the debt,
The debt recovery solicitors rarely do so, as negotiation is usually a successful enough debt collection method.
The debt collection attorney can resort to small claims court; advise a wage garnishment from a local court, or even submit bankruptcy proceedings.
Enforcement of wage garnishment with the help of court and law orders are typical events when the debtor rejects the previous reminders, official letters and legal actions.
The administrative wage garnishment represents court’s permission and authorisation of an agency (a debt recovery agency or the original creditor) to obtain a restraint for withholding a certain percentage from the subject of debt’s monthly wage.
This amount varies in countries, but can also depend on the occupation of living and the amount earned per month.
The collection/collection of charges/ represents the right of one person, called a creditor, to demand from another person, called a debtor, a certain amount of money, which is required by a contract concluded between them (commercial, bond, etc.).
If the debtor does not pay the claimed monetary claim, the creditor has the only option to collect claims by starting various types of legal proceedings, through which to satisfy his claim against his unscrupulous debtor. In terms of debt recovery in Bulgaria,
Our law office D.Vladimirov & Partners offers various solutions with the aim of maximum client satisfaction. We offer cost-efficient pre-legal debt collection – before involving the court and legal debt collection – starting a lawsuit.
DEBT collection cases in Bulgaria
You can represent yourself in a debt collection case, or you can hire a lawyer to represent you.
If you represent yourself, you must follow the same rules lawyers do. Not knowing the rules is not an excuse for not following them.
We provide professional legal services in commercial law and litigation procedures.
We will be happy to represent you and your company, if you require legal actions to be taken regarding outstanding debts.
Debt collection lawyers in a private sector are convincing debtors to pay their debts voluntarily by withholding certain benefits, should they be delayed in repaying their debts.
Our clients work in many different fields and operate on the different countries’ markets.
Legal stages
We, as debt collection lawyers in Bulgaria will advise you how to get your money back. If your debtor refuses to pay we can go to court in consultation with you.
We will conduct a feasibility study to determine whether legal proceedings are beneficial.
We will always inform you on the possible costs and will only start legal proceedings after receiving your consent.
The whole procedures of debt collection in Bulgaria consists of simple steps at the start and might involve legal action, should it be required.
The debt collection lawyer in Bulgaria should require a complete access to all the necessary debtor-related documents.
Debt Collection Bulgaria
Stage one of the debt collection procedure in Bulgaria is contacting the debtor
The creditor should clarify the details on the outstanding payment.
Should the debtor fail to make a voluntary payment, the next step is sending an official letter.
Debt Collection procedures
Then our lawyers will first determine the competent court and the applicable law.
Based on these factors, we will determine the most appropriate course of action while assuring you that the best debt collection specialist is assigned to your case.
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