Debt and interest: instalment relief conditional on compliance
Editorial summary
The association and defendant agreed to pay 1500.41 euros in debt and interest by instalments. The court approved a schedule through April 2015; exemption from new interest depended on timely payment.
Narva linn, Vahtra tn 2a korteriühistu · 80175127
Participants and roles
- Claimant — Narva linn, Vahtra tn 2a korteriühistu
- Defendant — individual XX
The dispute and the court’s decision
Narva linn, Vahtra tn 2a korteriühistu, named in the source as KORTERIÜHISTU NARVA-VAHTRA 2A, sued defendant XX for debt and late-payment interest. The parties settled for 1500.41 euros: 100 euros in unpaid debt for July 2007 through April 2012 and 1400.41 euros in interest.
The court approved 36 monthly payments of varying amounts from 27 May 2012 to 27 April 2015. If the debtor complied with the scheduled amounts and deadlines, the association undertook not to charge new interest on the total debt until the schedule ended. Non-compliance entitled it to demand immediate payment of the entire debt and charge interest. The defendant also undertook to pay current bills on time.
The court found the agreement lawful and capable of performance, admitted the claim, approved the settlement and terminated proceedings. Each side bears its own costs; a refund of half the court fee, 159.78 euros, was ordered after entry into force. The parties waived appeal against the order. Actual compliance with the schedule and entry into force have not been reverified.
Outcome of this decision
The court approved a 1500.41-euro settlement with 36 instalments and terminated proceedings. Exemption from new interest depends on compliance; breach allows immediate recovery of the entire debt and charging of interest. The 159.78-euro fee refund is conditional on entry into force.