Debt Recovery from Debtors Across Europe

A European-wide procedure for dealing with debt recovery, in existence since 2006, allows a creditor to initiate an action to recover debt in Spain even though the debtor is in another EU country (with the exception of Denmark). In order to pursue a debtor via the procedure known as a ‘European Order for Payment’ the process begins as would a similar action against a domestic debtor: by presenting a form in the relevant court in Spain outlining the details of the relevant parties, their representatives, if any, and the details of the debt owed, interest claimed as well as an outline of the proof of the debt.

Click on the link to read more about this procedure as detailed in Pymesyautonomos: In Spanish or, via Google Translator, In English

 

 

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