Presence and operations in Slovakia for over 7 years with a staff of 2 collaborators in: Bratislava – Košice
Out-of-court activities carried out by legal counsel with various levels of pressure usually lead to mediation or a repayment plan
Order of payment compiled and sent electronically by local lawyer
Possible enforcement with local professionals
ENTRUST YOUR OUTSTANDING RECEIVABLES IN SLOVAKIA TO INVENIUM
The goal is out-of-court credit collection with the aid of local lawyers.
Slovakian law envisages a general limitation period of receivables of 4 years. If the creditor decides to take legal action, several alternatives are available:
Order of payment procedure (platobný rozkaz): This is initiated by electronically filing the application with the Court of jurisdiction. The court is required to issue the ruling within 10 days. The debtor has 15 days to object. Failing this, the ruling becomes final, constituting the enforcement order. In the event of an objection, the ruling lapses and legal proceedings begin.
Legal proceedings: Alternative to filing an application for an order for payment is filing an application for legal proceedings.
Bankruptcy proceedings: It is also possible to opt for filing a bankruptcy application. Debtors unable to pay two or more obligations overdue for more than 30 days are deemed insolvent. As of 1 January 2012, a necessary requirement for filing for a declaration of bankruptcy is default with at least two creditors.
The enforcement procedure in Slovakia is also particularly efficient since the enforcement agent, registered in a specific register of enforcement agents, is not a public employee but a private professional, whose revenues consist of success fees.
From the late 90s Invenium is one of the largest organizations specialized in the management and collection of receivables, both in Italy and worldwide. Invenium has developed a network of 117 legal partners in 105 countries.
Years of experience
Clients around Europe
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