Best Debt & Collection Lawyers in Riga

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LM LAW OFFICE

LM LAW OFFICE

Riga, Latvia

Founded in 2016
10 people in their team
Education, experience and knowledge are the main values of the law office. The law office offers legal service both for local clients and also for international clients in Latvia. We have close working relations with several firms in Europe and worldwide. International partners ensure legal service...
VILGERTS

VILGERTS

Riga, Latvia

Founded in 2008
50 people in their team
Latvian
English
Our work philosophy is deeply rooted in a sincere desire to help clients to the best of our ability. We take client matters personally. We deliver down-to-earth advice by our brightest lawyers. 
This is the essence of the quality delivered by VILGERTS.Quality and speed is the reason why...
Gencs Valters Law Firm

Gencs Valters Law Firm

Riga, Latvia

Founded in 2000
10 people in their team
Latvian
English
GENCS VALTERS LAW FIRM was established in the year 2000 in Riga (Latvia), where the firm’s headquarters are located. In 2007 the firm expanded in the Baltics by establishing an office in Tallinn (Estonia) and, in 2008, in Vilnius (Lithuania).We are a full service, general practice international...
"CersJurkāns" law firm

"CersJurkāns" law firm

Riga, Latvia

Founded in 1997
50 people in their team
Arabic
English
"CersJurkāns" law firm is one of the most experienced legal service providers in Latvia. The results of our work and professional performance are the basis for long-term cooperation with clients and a positive assessment of work.The team of "CersJurkāns" lawyers and lawyers has worked and grown...
Legal Support

Legal Support

Riga, Latvia

Founded in 2005
3 people in their team
Latvian
Russian
English
We provide legal services of highest quality which contribute to the safety of our clients and promote wellbeing of the modern society.Legal Support is a team of highly qualified lawyers who are professionals in civil law. The current economic situation requires skills and competence and all the...
Belyaev & Belyaev Law Firm

Belyaev & Belyaev Law Firm

Riga, Latvia

Founded in 2000
50 people in their team
Latvian
English
Belyaev & Belyaev is a full-service law firm based in Riga, Latvia, offering legal advisory and representation services in the areas of Dispute resolution, Competition, Employment, Immigration, Real estate, Citizenship, Intellectual Property, Family law, etc. We provide a comprehensive range of...
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About Debt & Collection Law in Riga, Latvia

Debt & Collection law in Riga, Latvia governs the rights and obligations of creditors and debtors in cases involving unpaid debts. It encompasses various legal processes and procedures for recovering outstanding debts, such as negotiations, settlement agreements, and litigation. Understanding the basics of Debt & Collection law is crucial for both creditors and debtors to protect their interests and ensure fair resolution of financial disputes.

Why You May Need a Lawyer

While it is possible to handle certain debt-related matters on your own, there are situations where seeking legal assistance becomes necessary. Here are some common scenarios where you may need a lawyer:

  • Debt collection agencies are relentlessly pursuing you for repayment
  • You have been sued by a creditor over a debt
  • You need guidance on negotiating with creditors to establish repayment plans
  • You suspect you have been wrongly accused of owing a debt
  • You are a creditor seeking legal assistance to recover outstanding debts

Local Laws Overview

When dealing with Debt & Collection matters in Riga, Latvia, it is important to be aware of these key aspects of local laws:

  • The Law on Debt Recovery regulates the process through which creditors can legally pursue overdue debts. It outlines the rights and obligations of both parties involved in the debt recovery process.
  • Riga, Latvia follows a civil law system, meaning that disputes related to debts and collections are usually resolved through civil court proceedings rather than criminal court.
  • There are certain regulations on the maximum interest rates and fees that can be charged by creditors when collecting debts.

Frequently Asked Questions

1. Can a debt collection agency seize my property without my consent?

No, a debt collection agency cannot seize your property without obtaining a court judgment. They must first file a lawsuit against you and obtain a court order before any property can be seized.

2. Can I negotiate with my creditor to reduce the amount of debt owed?

Yes, it is possible to negotiate with your creditor to reach a settlement agreement for a reduced amount. However, it is recommended to seek legal advice to ensure the terms of the agreement adequately protect your interests.

3. Can I face legal consequences for unpaid debts in Riga, Latvia?

While unpaid debts can lead to legal action, it is important to note that debtors are usually not imprisoned for unpaid debts in Riga, Latvia. However, legal consequences such as property liens or wage garnishments may occur.

4. How long does a creditor have to sue me for an unpaid debt?

In Riga, Latvia, the statute of limitations for creditors to file a lawsuit to recover unpaid debts is typically 10 years from the date the debt became due. However, this time period may vary depending on the specific circumstances and the type of debt.

5. Can I represent myself in court for debt-related matters?

Yes, you have the right to represent yourself in court. However, it is highly recommended to seek legal representation to ensure you have a thorough understanding of the legal procedures and maximize your chances of success in the case.

Additional Resources

If you need further information or assistance regarding Debt & Collection in Riga, Latvia, consider reaching out to the following resources:

  • The Latvian Bar Association provides a directory of qualified lawyers in various legal fields, including debt and collection law.
  • The Consumer Rights Protection Centre offers information and support for consumers dealing with debt-related issues.
  • The State Revenue Service can provide guidance on tax-related debts and their collection.

Next Steps

If you require legal assistance or have specific questions regarding a debt-related matter in Riga, Latvia, it is advisable to consult with an experienced lawyer specialized in debt and collection law. They can guide you through the necessary steps to protect your rights and help achieve a favorable outcome in your case. Start by researching qualified lawyers and scheduling consultations to discuss your situation and potential courses of action.

Lawzana helps you find the best lawyers and law firms in Riga through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Debt & Collection, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Riga, Latvia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.