Debtor administration
Obligation is a legal relationship, of which one party (the debtor) is required to perform an action for the benefit of another party (the creditor) or refrain from performing such action, and the creditor has the right to require the debtor to fulfill his/her obligation. Obligations arise from transactions or other legal facts that, as per applicable laws, cause a binding relationship. The law establishes a general obligation for creditor and debtor to act in good faith, reasonably and fairly, both at the time when obligation arises and in its existence and during its execution or expiration, yet such obligation is often ignored by debtor. Therefore, our lawyers offer the following services:
- Pre-trial debt recovery and mediation (when attempting to agree with debtor on the terms of debt repayment);
- Judicial recovery of debts where it is impossible to reach an agreement with debtor and turning to the court is the only option;
- When debtor dies (in the case of a natural person) or is liquidated (in the case of a legal entity), and the debt is outstanding, we assist creditor in recovering the debt in the context of succession or bankruptcy administration procedures.
They could help you:
Saulius Tamošaitis
Managing partner, attorney-at-law
Contact
+370 685 33088 saulius.tamosaitis@lexgate.lt
Diana Kaunienė
Attorney-at-law
Contact
+370 698 07203 diana.kauniene@lexgate.lt