What happens if the debt is pending before a bailiff?
DISCLAIMER: The following only applies to loans issued in Estonia
After the court has released their judgment and the debt is pending before a bailiff, Bondora will do the following:
- Initiation of enforcement proceedings: Once the bailiff has received an application for enforcement from the claimant (Bondora), he/she starts the enforcement proceedings. The debtor receives the enforcement order, the enforcement notice, and the bailiff's decision on the bailiff's fee by post. The debtor is given a period of voluntary payment in the enforcement notice, usually 10 days, but can be up to a maximum of 90 days, depending on the enforcement order.
- Payment schedule via executor: Upon receipt of the enforcement notice, the debtor has the right to apply to a bailiff and submit an application for payment of the debt based on a payment schedule. The bailiff then asks Bondora to agree to a payment schedule with the debtor on his/her terms. The debtor must fill in a payment schedule application form. The debtor fills in the following: Debt payment in monthly installments, fixing the date of the monthly payment, personal data, current account, dependents, existing liabilities, and income, and request for release from their bank account or salary. The debtor must submit a six-month bank account statement (in PDF format) and documents proving income along with the payment schedule form.
- The debt has not been paid in full. There is no agreement to pay the debt: If the enforcement order is not completed within the time limit for voluntary enforcement and the claimant has not provided a payment schedule, the claim is paid from the debtor's income: monthly salary, salary, statutory maintenance, allowances and benefits (regular and lump sum), movable and immovable property and claims. The debtor's rights and obligations, the claimant and the bailiff, and the procedure for enforcement of the enforcement order are provided in the Code of Enforcement Procedure.
You can find the Estonian bailiff's contacts here.