Debt collection, debt restructuring, bankruptcy proceedings, and debt cancellation with reliable advice from Stella Einla Law Firm.
Are you having problems collecting or paying debts?
Stella Einla Law Firm offers expert assistance in matters of the Estonian law of obligations – from filing claims to court proceedings and debt restructuring. We do not work according to a standard format – each case is unique. That is why we take a flexible approach to solving problems and spend as much time as the situation requires to make you feel confident and secure.
Relevance and key facts
1.The general limitation period for civil law debts in Estonia is 3 years, but this may be extended to up to 10 years depending on the circumstances (Debitura).
2. The Law of Obligations Act regulates contractual and non-contractual obligations, including cases of damage and unjustified enrichment. (Riigi Teataja).
3. The Natural Person Insolvency Act applies, allowing payments to be deferred, debts to be paid in instalments, or the amount of debt to be reduced, which helps to avoid bankruptcy. (Riigi Teataja).
What we do for you
1. Pre-trial debt collection
We start by filing a pre-trial claim: negotiations with the opposing party (including personal meetings, if necessary), sending notifications and proposals to resolve the situation.
Such an approach helps maintain business relationships and reduce costs – in most cases, disputes are resolved without going to court.
2. Judicial collection and enforcement
If the results of pre-trial work are not positive, we will prepare the necessary documents for court and represent your interests in court proceedings.
After receiving the judgment, we will assist you in further enforcement proceedings, if necessary.
3. Bankruptcy of a natural person and debt cancellation
We help clients, who are in a difficult financial situation or who have significant problems fulfilling their obligations, to exercise the option of bankruptcy and debt cancellation in accordance with applicable Estonian legislation.
At the request of the client, insolvency proceedings are initiated (pursuant to the Bankruptcy Act), during which debts and assets are assessed.
In the course of the proceedings, it is possible to restructure debts: instalments, reduction of obligations, or extension of deadlines in accordance with the Debt Restructuring and Debt Protection Act.
Once the bankruptcy proceedings have been completed, the next stage begins – release of obligations: the standard term is up to 3 years, but if obligations are fulfilled on time, early release is possible after just one year.
If the court finds significant breaches of obligations, the deadline may be extended, or release may be refused; the debtor’s cooperation in good faith and fulfilment of requirements are most likely to lead to a successful outcome.
4. Debt restructuring
We help individuals experiencing financial difficulties to exercise their rights under the Restructuring Act: payment in instalments, reduction of liabilities, extension of deadlines – all with the consent of the court and creditors.
How we can help you
Legally compliant claims, lawsuits, and procedural documents.
Representation in court and at the enforcement proceedings through bailiffs.
Advice on possible debt restructuring to avoid bankruptcy.
A clear explanation of your rights and the solutions available to you in your situation.