Debt Collection Lawyers in Norway
Debt Collection in NorwayUpdated on Tuesday 23rd April 2019
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The debt collection procedure in Norway refers to the legal measures through which a person or a company can collect payments from entities that have failed to pay the respective sum of money in accordance with the stipulations prescribed between the parties. Our team of lawyers in Norway, specialized in debt collection procedures, can assist both local and foreign persons in this matter, and can offer tailored assistance, depending on the specific situation of each case.
Legislation related to corporate debt collection in Norway
Debt collection in Norway is also regulated under the Debt Collection Act 1988, in relation with the pecuniary claims and it prescribes rules of law regarding the relations between the collector, the debtor and the creditor, but it also offers the legal framework for the supervisory authorities, the sanctions that can be applied and others.
In Norway there are strong incentives to solve a debt situation through conciliatory means. A financial conciliation mechanism (Forliksradet) is implemented through the Conciliation Boards in this country. Before starting any legal proceedings against a debtor, it is important to establish whether the company is still active. If the debtor has already initiated insolvency procedures this won’t allow another party to enforce a debt, but our team of Norwegian lawyers can assist with more information on this matter.
What are the main stages for debt collection in Norway?
The debt recovery process usually consists in two phases - the amicable procedure where the debtor is invited to pay the debt in a specific time frame, or the legal procedure, when the debtor is enforced to pay the debt through a court’s decision. Commercial disputes are handled along other civil cases by the district court as there are no specialized courts in the country. Our debt collection lawyers in Norway can offer in-depth details concerning the court procedures.
What are the main recommendations for debt collection situations in Norway?
- • address to the respective debtor and request information concerning the delay of the payment;
- • the next step involved is to send a reminder as soon as possible, through which the company will invite the debtor to pay its debts;
- • attach to the respective reminder the invoice that describes the services or products that were delivered;
- • the reminder should also contain a deadline for the payment of the debt.
What is the amicable procedure in Norway?
The legal phase of a debt collection case in Norway
In some cases, when the debtors do not accept the claim and dispute the debt, the trial is initiated, if not, the Bailiff issues the payment order and the issue is settled. 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 necessary information, the judge will decide for a date of hearing, at which the depositions of both the debtor and the creditor will be heard. The decision taken by the court is delivered in written to the involved parties. Our team of attorneys in Norway are qualified to represent your interests in a lawsuit.