Debt Collection in Hungary

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The advocate was very committed and (which is the most important) successful.

Nathalie Gysi
04 Nov 2024

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Service Details

Debt Collection

This service is available across Hungary

Who Needs This Service?

Our debt recovery services in Hungary are aimed at both companies and private individuals who are struggling to recover outstanding debts.
This service is particularly suitable for those dealing with overdue payments from Hungarian debtors, whether they are local businesses or international entities.

Prerequisites

In Hungary, specific legal procedures and documentation are required for the debt recovery process.
This includes understanding statutes of limitations and the appropriate legal actions based on the debt amount.

Process: Our Approach

Initial Legal Notice: A lawyer's warning letter is sent to the debtor, urging voluntary compliance and warning of possible legal actions.
Payment Order Process: For claims up to 3 million HUF, a payment order issued by a notary is required. For claims between 3 million and 30 million HUF, both court proceedings and payment orders are options.
Legal Proceedings: If the debtor disputes the claim, the process turns into a civil lawsuit. We provide full support during this phase.
Enforcement: If the debtor does not dispute the claim within 15 days, the payment order becomes enforceable, and we proceed with debt enforcement.

Benefits of this Service

Expertise in Hungarian Legal Processes: In-depth knowledge of the Hungarian legal system and debt recovery procedures.
Efficient Recovery Strategies: A focus on efficient resolution, aiming for quick recovery of debts.
Comprehensive Support: Guidance and support through every step of the process, from initial legal notices to enforcement.

Key Components of this Service

Tailored Debt Recovery Solutions: Customized strategies based on the size and nature of the debt.
Legal Enforcement: Utilization of legal measures when necessary.
Client-Centered Approach: Ensuring minimal reputational damage and moral harm to our clients during the recovery process.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include: