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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Lithuania Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our international debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
The local cultures
The best methods of initiating debt recovery letters and processes
Are in the same time zones
Herewith details of our debt collection service Lithuania:
Location of debt recovery office in Lithuania?
Number of debt collection staff?
25 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Lithuania?
We have been operating a European debt collection service on a no win no fee basis in Lithuania since 1993. Lithuania is included on our debt collection agency list.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Lithuania?
The most common is 10 years, but can be shortened for different claims till 5, 3,1, 1/2 year and even 1 month (for the claims related to results of the tenders)
Lithuania civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Lithuania is 10 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include:
Lithuania Open Account Years – 10 years
Lithuania Promissory Notes – 10 years
Lithuania Written Contracts – 10 years
Lithuania Oral Agreements – 10 years
How EU (European Union) laws effect debt collection in Lithuania?
Not directly, until the requirements of EU directives are transposed into law.
Lithuania has been a European Union (EU) member country since 2004, Euro area member since 2015 and Schengen area member since 2007.
How many companies registries in Lithuania for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Lithuania which is called Register of Legal Entities, State Enterprise Centre of Registers located at Lvovo g. 25-101, LT-09320 Vilnius, Lithuania.
We have access to Lithuania Company Registry searches to find out who further background information on all Lithuania companies.
What is the debt collection process in Lithuania?
There are two very important aspects of the legal environment related to debt collection in Lithuania:
Long and complicated bankruptcy process both for legal entities and (especially) for private persons
Excellent and rather cheap online court system with quick and simple operation and accordingly quick (simplified) court decisions.
Average length of time to collect a debt?
The average time taken to recover a Lithuania B2B debt collection case varies from case to case.
1. pre-trial recovery: approx 60 days
2. simplified court: 3 days- two weeks,
3. court of dispute : approx 6 months for court of first instance; about 12 month for court of second instance and 5 years for Supreme Court
4. Bailiffs : not limited
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Lithuania debt collection cases according to local law..
Late fees are EUR 40€for businesses.
Not described by law for private persons yet but limited by court to 5-10 percent of debt value.
Details on legal service / process in Lithuania?
Our lawyers work under the same conditions. The costs for the bailiff have to be paid in advance. They are added to the claim and have to be settled by the debtor.
We have an own software-system that allows us to cover big quantities of files. They are processed the same day. Our clients receive also a login so they can check the status of their files whenever they want. They are always updated on the same day.
Lithuanian Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are about 325,290 legal entities registered in the Register of Legal Entities, of which 181,700 are live and active companies. Through our online databases you can download Lithuanian business credit reports instantly. This can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Creditreform’s debt collection company service also uses expert local Lithuania tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Lithuania debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Lithuania Debt Collection Partners in the following Lithuanian Cities
What is the legal system in Lithuania?
The Lithuania legal system is modelled after Dutch civil law.
Who are the main trading partners for Lithuania?
Which countries border Lithuania?
What is the Supreme Court in Lithuania?
The Supreme Courts for Lithuania are called
Constitutional Court of the Republic of Lithuania (Lietuvos Respublikos Konstitucinis Teismas) which was established in 1992.
The Supreme Court of the Republic of Lithuania (Lietuvos Respublikos Aukščiausiasis Teismas) which was established by the Constitution of the Republic of Lithuania of 1992
Lithuania Debt Collection Agency FAQs
1. How does a Debt collection agency in Lithuania recover overdue debts?
The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Lithuania as the debtor now has to resolve the debt and can no longer hide or provide lame excuses.
2. How long does the debt recovery agency in Lithuania take to process a case?
The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Lithuania?
The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Lithuania operate a No Win No Fee debt collection?
We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered.
5. Why use a local debt recovery agency in Lithuania?
The reasons for using a local Lithuania debt collection agency than processing from a different country is the debt collector in Lithuania speaks the local language, knows the local laws and operates in the same time zones.
6. Are there any debts too old or too small for Lithuania debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Lithuania debt collector.
7. How do I instruct the debt collectors in Lithuania?
Instructing the debt collectors Lithuania is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated.
8. What evidence do I need to provide when instructing the Lithuania debt collector?
When instructing the debt collector in Lithuania just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
In general, the debt collector in Lithuania will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Lithuania?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection in Lithuania is not successful?
If the debt recovery service is not successful, we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you.