Debt collection services

Economic instability in Estonia and across Europe has led to increasingly frequent payment delays, long-term debts and complex situations — from simple payment defaults to bankruptcy and enforcement proceedings.

For many businesses, managing debts alongside daily operations is time-consuming, unfamiliar and risky: interest accumulates, claims may expire, and there is a growing chance that the debtor becomes insolvent.

Grant Thornton Baltic offers a comprehensive debt collection service to both new and existing clients. Our goal is to make debt recovery clear, efficient and results-driven.

Every case begins with an assessment of the situation and an agreed action plan.

We work transparently and keep you informed throughout the process, ensuring you always know what has been done and what will happen next.

Our debt collection service may include:

• background checks on the debtor and risk assessment;
• development of a realistic and cost-effective strategy;
• pre-litigation procedures, including formal demand letters and official notices;
• preparation and submission of legally compliant claims;
• negotiations and settlement agreements (including payment schedules and debt acknowledgement agreements);
• litigation, where necessary;
• initiating bankruptcy proceedings when justified;
• enforcement proceedings and follow-up actions to ensure recovery.

We develop the action plan together with the client to ensure the most effective approach in each situation.