Methods of debt recovery – 7. Opening insolvency proceedings against the debtor Debt recovery concludes with the enforcement, by any method permitted by law, of the amounts awarded in court. In case, after obtaining an enforceable court decision, the debtor does not voluntarily settle the debt, and the debtor, a legal entity, is unable...
Methods of debt recovery – 4. European payment order The European legislator has come to the aid of litigants with fast and inexpensive debt recovery procedures. Although fast and inexpensive, these are not exactly user-friendly for the average litigant, maintaining a high level of complexity and rigidity. And in this case, as in the case...
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