Along the way When you reach common ground
Agreements along the way
Instalment plans, voluntary settlement (frivilligt forlig) and forbearance. Some of them are no more than an agreement. One of them can take you straight to the bailiff’s court if it is broken.
6 concepts
- Debt forgiveness (gældseftergivelse) Debt forgiveness is when the creditor gives up all or part of its claim — voluntarily or as part of a composition. Voluntary or compulsory can be
- Deferral of payment (henstand) A deferral of payment is an agreement to postpone payment to a later date — without the claim being reduced. Continues to accrue interest
- Instalment plan (afdragsordning) An instalment plan is an agreement that the debt is paid off in instalments over time instead of in one payment. A voluntary settlement (frivilligt forlig) should be made as
- Objection (indsigelse) An objection is the debtor's dispute of the claim — and it stops the simplified collection route. The claim must be proved consequence
- Part payment (delbetaling) A part payment is a payment that only covers part of the claim — and that is applied to costs and interest before it touches the principal. Costs and interest first applied to
- Voluntary settlement (frivilligt forlig) A voluntary settlement is a written agreement on the debt that can be enforced in the bailiff's court without a judgment, if it is worded correctly. An enforceable instrument can be used as
From dictionary to decision
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