Debt Recovery from Natural Persons

Debts can be recovered not only from legal entities, but also from natural persons. If you have a document – a note of debt, a bill of exchange or a correspondence acknowledging the the debt, you can expect the debt recovery process to be successful. The debt recovery process consists of several key stages: in each of them, the customer is informed of the progress of the recovery and further options for recovery are discussed.

How is the recovery of debt from a natural person carried out?

  • Information: the debtor is provided with information on the assignment of the debt to the recovery company and is called upon to repay the debt immediately (notices are sent by registered letter, e-mail or other known address). The debtor is urged to make immediate repayment of the existing debt: if agreement is reached at this stage, a repayment schedule is drawn up or a full repayment term is planned;

  • Pre-litigation process: notices are sent to the debtor by all means permitted by law and the parties to the debt are urged to reach a settlement on the repayment of the debt. If an agreement is reached, the term  of the debt repayment or a schedule for its repayment are planned. If the debtor cannot be contacted or it is impossible to reach an agreement with him or her, the pre-litigation process is terminated and preparations are made to settle the debt in court;

  • Legal proceedings: the person responsible for the case cooperates with the customer and seeks to collect as much evidence of debt as possible. If the available documents are sufficient, procedural documents for the payment of the debt are drawn up;

  • Post-trial proceedings: if a decision made by the court and entered into force or another document allows for forced debt recovery, the further process is completed in cooperation with bailiffs' offices, and the debtor may be subject to attachment of accounts and property.


Enforced debt recovery

Enforced debt recovery from a natural person can be applied in the following ways:

  • Attachment of a bank account: if the debtor has a sufficient amount of money in his or her bank account, the bailiff can write off these funds and distribute them to creditors;

  • Recovery of debt from the salary: Sodra's information is checked regularly, and when the debtor is hired by a company, his or her debt is recovered from his or her salary. The bailiff sends an order to the debtor's workplace, which the employer must comply with and make deductions from the debtor's salary;

  • Recovery from the debtor's property: if the debtor has movable, immovable or property rights belonging to him or her, but there is no possibility to recover the debt from the available funds, an auction for the debtor's property is initiated through the bailiff's office;

  • Redirection of recovery to the spouse: if the debtor has a spouse and there are no other options to direct the recovery of the debt to the debtor's money, salary or other property belonging to him or her, then recovery of the debt from the debtor's spouse's property is initiated. Debt recovery from the spouse is possible when no marriage contract has been concluded and registered between the debtor and his or her spouse.

Get your money back

It is not always possible to recover the debt on your own, so sometimes you need the help of specialists. If you want to recover a debt from a natural person, just register the debt on our website. Our team will try to assess debt recovery options as soon as possible and will make an offer to you shortly.

+370 700 666 77 Register a debt