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Debt Collection in Lithuania

Debt Collection in Lithuania

Interested in debt collection in Lithuania? One of our specialists can guide you regarding the options available to you for recovering money from debtors. Whether it is an amicable procedure or a settlement in a court of law, our Lithuanian lawyers can represent you from the very beginning. We invite you to read these lines and familiarize yourself with the debt recovery procedures in Lithuania.

 Quick Facts  
 Who can contact our debt collection lawyers in Lithuania?  Natural persons and business owners who want to recover their money from debtors.

 Types of debt collection in Lithuania

 By mutual agreement or through court proceedings

 Legislation 

– Law on Debt Collection Agencies,

– Civil and Commercial Law 

 The first step in debt recovery   Sending notifications to debtors as reminder of due payments
 Amicable collection of debts

 Parties can reach a new agreement related to debt payment.

 Debt recovery in the court of law 

The court issues a decision that might imply an enforcement payment order. 

 We can prepare cases for further legal actions (YES/NO) 

YES 

 Negotiations 

New payment terms can be settled with the parties implicated.

Our Lithuanian lawyers can tell you more details about negotiations. 

 New payment schedule proposed

 Possible

 Is the amicable procedure available in bankruptcy cases in Lithuania? (YES/NO)  NO 
 The time frame to recover debts in Lithuania

A few months or years, depending on the case 

 Customized approach 

Our debt recovery lawyers in Lithuania have experience in such cases and can propose varied strategies to collect the money. 

International cases of debt collection   

Legal representation is offered by our attorneys in Lithuania. 

 No-win no-fee services  

 The payment for our services is made once the debt recovery case is concluded.

 Why work with our law firm in Lithuania?

– experience in debt recovery,

– efficiency,

– constant communication,

– transparency 

How is debt recovery done in Lithuania

In the first phase, the solution can be offered with the help of an amicable procedure for debt recovery in Lithuania. This method involves the following:

  • The process starts with the analysis of the receivables and the way in which crediting and previous payments were made.
  • Notifications will be sent to debtors. They can be called, and receive messages and/or formal notification letters regarding the payment of arrears.
  • Once the notifications in question have been sent, a response from the debtors is expected. Normally, a period of time is offered to them, after which other measures will be imposed, depending on the answer provided.
  • If the debtor has responded to the notifications, a meeting between the parties involved can take place. In this case, new payment terms can be established, by mutual agreement.
  • The debt recovery case in Lithuania can only be resolved if the debtors respond to the notifications and agree to resume payments, according to a new agreement established in this regard. Otherwise, the debt recovery case may enter the attention of the authorities, respectively can be concluded in a court of law.

We remind you that you can benefit from legal services from our lawyers in Lithuania if you want to recover debt. We represent both natural and legal persons, as we are members of the Lithuanian Bar.

Debt collection in the court of law in Lithuania

There are many situations in which debt collection in Lithuania cannot be resolved through amicable procedures. Practically, if this method does not yield results, new payment terms cannot be established. In this case, preparations are made for legal action, respectively it is resolved in a court of law. Our attorneys in Lithuania can file and support a claim in the court of law in Lithuania for recovering debts. Clients are represented in court where the judge decides for debt settlement. Such a decision can mean the extraction of debts from salaries or assets, after their sale. In addition, the court’s decision enters into force right away, with the debtor being notified of it.

How to work with a debt collection agency in Lithuania

You can opt for the services offered by our debt collection agency in Lithuania and our lawyers for resolving debt non-payment situations. Here’s how our specialists can help you:

  • We take over the presented case as soon as we receive supporting documents online. Our website can be accessed 24 hours.
  • Analyze the case to propose an amicable solution for debt recovery, in the first phase.
  • Recovering debts is 100% risk-free, which means that our clients do not pay anything if the debts are not recovered.
  • We recommend the amicable procedure of recovering debts because it lasts around 2-3 months and is less expensive compared to settling in a court of law.

Our law firm in Lithuania offers other services besides those for debt recovery. You can opt for our company if you are interested in immigration to Lithuania. We can guide you and help you obtain residency in China. You can get personalized legal assistance if you want to get citizenship in Lithuania. Whatever your situation, do not hesitate to contact us and learn more about our legal services.