Here is a guide on how debt recovery is completed in Bulgaria. We also have an extensive article on this subject: https://www.lawyers-bulgaria.com/debt-collection-in-bulgaria.
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Language: en
Added: Jun 07, 2024
Slides: 10 pages
Slide Content
Debt Recovery
in Bulgaria
Presentation brought to you by
Lawyers-Bulgaria.com
Debt collection in Bulgaria can be
completed through the Civil Code, but
also through several EU regulations.
Legislation
In Bulgaria, debt recovery can be carried
out:
amicably;1.
in the court of law.2.
Procedures
Amicable debt recovery is the first
stage in recovering any amount of
money from a Bulgarian debtor.
Amicable Debt Collection
The first steps to collect a debt from a
natural person or Bulgarian company are:
phoning the debtor;
sending out dunning letters;
sending a final notice.
The Contact Stage
The case will end up in a Bulgarian
court of law only if the debt has not
been settled amicably.
Court Proceedings
In court, the judge will issue an order
for debt recovery, which will be
enforced by a designated officer.
Enforcement
Foreign judgments issued in
other EU states can also be
enforced in Bulgaria directly.
EU Court Orders
If you need assistance in debt recovery
proceedings, please contact our
Bulgarian lawyers.
Debt Collection Lawyers
Thank You for Your Attention!
For more information, you can contact us at: [email protected]
www.lawyers-bulgaria.com