Debt Collection in NorwayUpdated on Monday 20th March 2017
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The companies which who owe an amount of money to other companies are usually forced to pay their debts through the help of a debt collection agency or a law firm in Norway.
Stages of debt collection in Norway
The debt recovery process usually consists in two phases:
an amicable procedure where the debtor is invited to pay the debt in a specific time frame;
a legal procedure when the debtor is enforced to pay the debt through a court’s decision.
The amicable procedure in Norway
In the first stage, the debtor is contacted through the phone, the fax, the email or by post and invited to pay the debt. The debtor is also announced regarding the consequences of the non-payment usually consisting in the initiation of the legal procedure. The debt collection agency will send a 14 days’ notice containing the name of the creditor, the type of debt, the warning that non-payment will lead to legal and further costs.
The legal phase of a debt collection case in Norway
In some cases, if the debtor is disputing the debt, the trial is initiated, if not, the Bailiff will issue a payment order.
In order to initiate the lawsuit, the following documents must be delivered: the copies of the contract signed between the creditor and the debtor, the overdue invoices and a clear statement of account related to the actions took on those invoices.
In the first phase, the plaintiff and the defendant must deliver all the necessary documents to the judges such as exchanging opinions and proof by letter. After gathering all the required information, the judge will decide on the date of hearing both the debtor and the creditor. The decision taken by the court is delivered in written to the involved parties. Our attorneys in Norway are qualified to represent your interests in a lawsuit.
If the court decides in favor of the creditor, the Bailiff’s Court will enforce the decision. In some case the salary of the debtor can have retentions applied to it, which consists in withholding a part of the salary, sending the money to the bailiff and delivering the information related to that amount to the creditors.
We invite you to watch a comprehensive video about the debt collection procedure in Norway:
The costs of this procedure depend on the amount of the debt and the fact that the process requires various experts and witnesses to be called in the process. The creditors must also be aware that the legal process may take around one year but this term is extendable depending on the complexity of the case and the availability of the Norwegian lawyers and the judge.
In case you are trying to recover a debt in Norway and your methods are not successful, our team of lawyers in Norway is ready to help you. Feel free to get in touch with our legal team for a personalized offer.