Debt settlement: three payments and consequences for delay
Editorial summary
The court approved a 519.80-euro settlement for debt and costs between the association and defendant and terminated proceedings. Three payments were agreed; delay may trigger interest and recovery of the balance.
Narva linn, Kreenholmi tn 33 korteriühistu · 80175469
Participants and roles
- Claimant — Narva linn, Kreenholmi tn 33 korteriühistu
- Defendant — individual XX
The dispute and the court’s decision
Narva linn, Kreenholmi tn 33 korteriühistu, named in the source as Korteriühistu Kreenholmi 33, sued defendant XX for debt. The settlement fixed 392.30 euros in debt and 127.50 euros in costs, totalling 519.80 euros. Costs comprised half the fee at 37.50 euros and 90 euros for legal assistance.
The parties agreed to payments of at least 173 euros in June and July 2013 and a final payment of 173.80 euros in August. Full or partial payment delayed by at least five days allows the association to seek recovery of the entire claim through a bailiff. Delay attracts interest of 0.07% per day on the unpaid amount.
The court found the agreement lawful and capable of performance, approved it and terminated proceedings. It ordered a refund of half the fee, 37.50 euros, to the association. Actual compliance and entry into force have not been reverified.
Outcome of this decision
The court approved a 519.80-euro settlement with three payments and terminated proceedings. Delay of at least five days allows recovery of the entire claim; interest of 0.07% per day applies. A 37.50-euro fee refund was ordered.