Debt settlement: instalments and consequences of delay
Editorial summary
The association and defendant agreed to pay 602.53 euros in debt, interest and costs by instalments. The court approved the settlement and terminated proceedings; breach of the schedule allows a demand for immediate payment.
Narva linn, Juuli tn 3 korteriühistu · 80180737
Participants and roles
- Claimant — Narva linn, Juuli tn 3 korteriühistu
- Defendant — individual XX
The dispute and the court’s decision
Narva linn, Juuli tn 3 korteriühistu, named in the source as KÜ 26. Juuli 3 Narva, sought debt and interest from defendant XX. The parties agreed on 602.53 euros: 407.91 euros in principal, 7.12 euros in interest, 100 euros in legal costs and 87.50 euros reimbursing half the court fee.
The settlement provides for monthly instalments, priority payment of costs and accumulated ancillary charges, and an option to pay early. The previous interest calculation ends. Overdue principal attracts interest of 0.9% per day; partial payment or a monthly payment more than ten days late entitles the claimant to demand immediate payment and seek enforcement by a bailiff. Current bills must also be paid in full.
Finding no conflict with law or good morals, the court approved the agreement and terminated proceedings. It ordered a refund of half the court fee, 87.50 euros; the parties shortened the appeal deadline to three days from service. Performance and entry into force have not been reverified.
Outcome of this decision
The court approved a 602.53-euro settlement with instalments and consequences for breach, and terminated proceedings. A fee refund of 87.50 euros was ordered; actual payment is not established.