Debt and costs: settlement in twelve instalments
Editorial summary
The court approved a settlement between the historical association KORTERIÜHISTU NARVA KOOLIPÕIK and the defendant for 3646.56 euros over 12 months and terminated proceedings. Delay triggers interest and possible accelerated recovery.
KORTERIÜHISTU NARVA KOOLIPÕIK · 80180559
Participants and roles
- Claimant — KORTERIÜHISTU NARVA KOOLIPÕIK
- Defendant — individual XX
The dispute and the court’s decision
The historical association KORTERIÜHISTU NARVA KOOLIPÕIK sued defendant XX for debt. The settlement acknowledged 3646.56 euros: principal of 2510.51 euros, interest of 624.05 euros, reimbursement of half the court fee at 125 euros and legal costs of 387 euros.
The parties agreed on 12 monthly payments of 303.88 euros from 15 December 2014 through 15 November 2015. Late instalments attract interest of 0.07% per day on the overdue amount. If three consecutive monthly instalments are wholly unpaid, the association may demand the entire remaining debt at once; breach also allows enforcement.
The court found the settlement lawful and capable of performance, approved it and terminated proceedings. Each side bears costs not covered by the agreement; a 125-euro fee refund was ordered after entry into force. The appeal deadline was shortened to five days starting the day after service. Performance and entry into force have not been reverified.
Outcome of this decision
The court approved 3646.56 euros in 12 instalments of 303.88 euros and terminated proceedings. Delay attracts interest; three consecutive wholly unpaid instalments allow immediate recovery of the balance. A 125-euro fee refund depends on entry into force.