Attorneys Ltd Ulrika Larpes Consulting
Located in central Helsinki, our lawfirm conducts a general legal practise providing legal advice and assistance with negotiations, settlements and disputes primarily to corporations and business enterprises, such as SME companies.
Get a free quoteAs a lawfirm in Finland we work also in addition to court debt recovery proceedings and legal collection with commercial disputes and litigation, with claims and claims for compensation and agreements as well as maritime and transport law. We also work with inheritance disputes and property division.
Regarding claims we work with cases in Finnish court and in court of the Alands Islands. We also as attorneys work with debt enforcement.
Recovery of debt is a legal discipline applied in all jurisdictions. When a dispute arises a foreign creditor is often challenged with an unfamiliar legal system. The following is a simplified explanation on how debt collection works in Finland:
- If the creditor after reminding the debtor and informing him that payment has not been received, and that failure to pay will lead to legal proceedings still does not receive payment the case can be handed to an attorney. This is where our work begins.
- We will send a demand to pay to the debtor. The debtor may offer to pay in instalments which, in some cases, may be the best and cheapest solution. If the debtor does not pay or react to this demand the next step is judicial proceedings.
- If the claim is undisputed and fallen due, a simplified, summary procedure may be applied and after having received the court´s decision the request for payment may be sent directly to the Finnish enforcement agency. However, if the debtor contests the claim it is not longer considered as undisputed due to which the case will be tried in district court. The judgement can then be enforced.
- When an enforceable judgment is obtained, whether by way of the simplified procedure or the ordinary court procedure, the Finnish enforcement agency can enforce the judgment and the debtor will have to pay immediately. If the creditor still cannot pay then the creditors assets can be sold at an auction. There are fees associated with collecting debts through the Finnish enforcement agency and the court system. These fees are always to be paid by the creditor. The fees are then added to the claim.
We have written a detailed guide about debt collection. Click the button below to read it.
Premier Debt Collection in Finland