Start Debt Collection
Creditor
Deliver formal notice indicating failure to pay and final opportunity to settle
1
There is no general statutory minimum for civil attachment found. A general guideline is minimum 10000 xcg (debt + legal costs involved). Notice of default can be ommitted if contractual obligations state that a party is in default as soon as payment date passes.
Creditor
Written demand must state amount due and specific payment deadlines and payment instructions
1
Often 30 day period to pay
Creditor
2nd written demand usual provides shorter payment period
2
14 Day final deadline to pay. Debtor may propose payment arrangement
Contract Bailliff
Creditor
Engage Licensed bailliff to initiate recovery actions
3
Bailliff
Start Legal Proceedings
Bailiff
Notice is delivered to plaintiff
1
50 (court fees) + 20 in stamps
Court of First Instance
Receive invitation via email
Court fees & counsel
Trustee
Explore possibility of reaching agreement
2
125
Court of First Instance
Present evidence to decide legal basis
1
Court of First Instance
File to lift seizure or defend in summary proceedings
7
Court of First Instance
30
Bailliff
5
Execution of judgement
Court of First Instance
Debtor is officially notified of options
1
5
Trustee
20
Trustee
10
Court of First Instance
Trustee
Trustee will request a notary to organize public auction