Fast and effective legal solutions
for the settlement of outstanding debts
In both business and everyday life, it is often the case that debts are paid late. In such cases, it may be necessary to seek the assistance of a lawyer to ensure that your debts are paid in your best interests. We provide personalised advice to ensure that your debts are settled in the best possible way. Our legal experts are at your disposal in the following areas:
- payment notice – When pursuing a claim, it is advisable to seek the assistance of a lawyer, as a professionally drafted payment notice can greatly speed up the willingness to pay, as it avoids further costly procedures. Contact our lawyers to help you get your money as quickly as possible.
- payment order procedure – The order for payment procedure is carried out by notaries but the involvement of a lawyer is essential for the procedure to be initiated. The procedure is an efficient and quick way to recover debts. Our partners will ensure a smooth procedure for you.
- enforcement procedure – Enforceable claims are recovered by bailiffs but this does not mean that you do not have other options. Both creditors and debtors can use the alternatives offered by the procedure. Contact us to find the best solution for you.
- liquidation and bankruptcy proceedings – In the case of creditors' claims against a company, which are usually more extensive, liquidation and bankruptcy proceedings can be considered to settle debts. Whether you are representing the creditor or the debtor side, contact our experts.
- litigation – The last (and sometimes the only) option for debt recovery is litigation. Our lawyers have extensive litigation experience and can help you successfully pursue your interests.
Feel free to ask
How long can a claim be enforced?
As a general rule, claims are subject to a limitation period of 5 years, unless the parties agree otherwise but it should be noted that the limitation period is restarted by the actions taken to enforce the claim.
Is it necessary to send a payment notice?
As a general rule, there is no need to send a payment notice to the debtor but in certain cases such as winding-up proceedings, failure to send a payment notice may prevent starting the proceeding.
When can a payment order procedure be started?
An order for payment can be initiated against a debt of less than HUF 30 million, as litigation is mandatory for claims exceeding this amount.
When is a payment order procedure mandatory?
For claims where the amount owed is less than HUF 3 million, the litigation is not an option. In such cases, only an order for payment can be issued if the payment notice has not been successful.
What is the difference between winding-up and bankruptcy?
Winding-up proceedings aim to wind up a company and distribute its assets, whereas bankruptcy proceedings aim to reach an agreement between creditors and the debtor company in order to restore the company's viability.