Have you had an Estonian customer who doesn't settle the invoice?
In Estonia, the trade system and laws vary from those you're used to. That often complicates debt collection in Estonia.
Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to raise the funds from the moment you turn the debt recovery matter over to us.
We, a debt recovery firm, have knowledge and expertise at our fingertips to help you with the processing of your corporate debt in Estonia.
1. SUGGESTIONS IF THE ESTONIAN CUSTOMER IS NOT PAYING
1.1 Call the debtor to inquire if your invoice has not yet been paid; provide a reminder immediately; provide a clear description of the invoice in your reminder; also mention a payment period of a certain number of days in this reminder.
2. UNDERSTANDING OF LOCAL LEGISLATION AND TRADE CUSTOMS
2.1 Our international debt restructuring experts have experience and knowledge of Estonian laws and regulations. However, they are fully aware of the Estonian business traditions and culture, which makes getting your Estonian debtor to pay quicker.
3. YOU ARE IN ADVANTAGE WITH A DEBT RECOVERY LAWYER
3.1 Debt recovery practitioners have more control than a debt recovery organization or a bailiff to put pressure on your Estonian debtor. We can also help you during both the extrajudicial process and the judicial step. That saves you both time and money.
4. CUSTOMISED DEBT RESTRUCTURING
4.1 Our company debt recovery strategy is customized to every single case, and we provide tailored advice to you.
5. STRAIGHTFORWARD GUIDANCE
5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to place your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and fairness.
6. THE DEBT COLLECTION CYCLE IN ESTONIA
6.1 The cycle of debt collection in Estonia can be broken down into two levels. Selection takes place during the extrajudicial process, without the involvement of the Court. We will include the Court during the legal process in order to make the Estonian debtor compensate.
6.2 Because we are a law firm, we are able to assist you in both processes. Many debt recovery problems in Estonia are handled during the extrajudicial process, with no interference by the Court.
7. EXTRAJUDICIAL DEBT COLLECTION
7.1 In theory, we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be expensive. To demand payment we must contact your Estonian debtor.
7.2 In specific cases, we'll even engage with your Estonian debtor in a face-to-face chat. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. In Estonia, reporting legal proceedings also persuades the customer to pay.
In the case of an uncontested dispute between two parties located in EU Member States (except Denmark)
European order for payment proceedings may be initiated.
In your situation, the prosecutor who manages the case will decide whether this kind of action is acceptable.
The claimant typically filled out a standard form for EU Order for Payment procedures and submits this to the Tribunal.
Instead, the Court issues a Local Transaction Notice. The debtor then has 30 days to decide whether they object to the charge.
If no notice is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except Denmark).
The EU Payment Order is never appropriate for contested issues (so not in situations where there is a disagreement over the invoice).
The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.
Debt Recovery in Estonia. Fast.
Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you. We will always give our objective advice on the likelihood of your debt recovery being successful. It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.
What To Do When Your Estonian Customer is Not Paying
- Contact your customer and demand why no payment has been and when exactly it will be. Always request the payment copy sent to you. - Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment. - Be conscious that with ambiguous payment terms or arguments, your Estonian debtor may try to gain additional time. Persevere, be direct and never postpone. - In the Estonia, a payment period of three to seven days is normal
Our Estonian debt collection experts have comprehensive experience and perspective of Estonia laws and policies. Therefore they are perfectly aware of Estonia trading values and traditions. Which makes it easier for your Estonian debtor to quickly make payments.
Debt Collection Law Estonia
Contact Us and Get our comprehensive article about how to collect a debt in Estonia, using the amicable and legal options. This is best debt collection guide on Estonia your will ever find.
Get paid Faster: Debt Recovery Estonia
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Collect A Debt in Estonia Republic using our local Network
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
Debt Collection Process in Estonia
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