{"id":33003,"date":"2025-11-27T00:53:16","date_gmt":"2025-11-26T23:53:16","guid":{"rendered":"https:\/\/ursusnetwork.com\/?post_type=vendor&#038;p=33003"},"modified":"2025-11-27T00:53:16","modified_gmt":"2025-11-26T23:53:16","slug":"debt-collection-in-hungary","status":"publish","type":"vendor","link":"https:\/\/ursusnetwork.com\/en\/info\/debt-collection-in-hungary\/","title":{"rendered":"Debt collection in Hungary"},"content":{"rendered":"<p>Hungary is a member State of the European Union: this means that judgments from other EU countries are automatically recognized in Hungary (and vice versa), simplifying recognition and enforcement procedures.<\/p>\n<h2>How to recover a commercial debt from a Hungarian debtor<\/h2>\n<p>Hungary is a growing market and an important trading partner for many foreign companies. Knowing the local rules and debt collection procedures is essential to protect your economic interests.<\/p>\n<h3>Actions for international debt collection in Hungary<\/h3>\n<ul>\n<li>Order for Payment <strong>procedure<\/strong>: handled by notaries public, this is mandatory for debts under HUF 3,000,000 (approximately \u20ac8,500). There is no minimum value threshold and it allows for rapid recovery; if the debtor does not file an objection, the order becomes enforceable.<\/li>\n<li><strong>Ordinary legal action: <\/strong>possible for debts exceeding HUF 3,000,000 and mandatory for debts exceeding HUF 30,000,000 (approximately \u20ac85,000). This involves a more complex process and higher costs, but allows the merits of the dispute to be discussed.<\/li>\n<li><strong>Liquidation (insolvency) proceedings: <\/strong>reserved for corporate debtors and applicable for claims exceeding HUF 200,000. The claim must derive from a written and uncontested contract. If the proceedings are unsuccessful, the liquidator issues a certificate of unenforceability.<\/li>\n<\/ul>\n<h3>Lawyer Demand letter of formal notice and the out-of-court phase<\/h3>\n<p>In Hungary, sending a formal notice letter is mandatory only in cases of liquidation proceedings, but it is recommended to send it in other cases as well. The letter must indicate the title of the claim, the amount, the currency, the due date, and a payment deadline, warning of the possible consequences in case of non-compliance.<\/p>\n<h3>Why rely on an experienced lawyer in Hungary<\/h3>\n<p>A specialized lawyer can identify the most appropriate legal procedure, initiate injunction, judicial, or liquidation proceedings, and assist the creditor with precautionary measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hungary is a member State of the European Union: this means that judgments from other EU countries are automatically recognized in Hungary (and vice versa), simplifying recognition and enforcement procedures. How to recover a commercial debt from a Hungarian debtor Hungary is a growing market and an important trading partner for many foreign companies. Knowing [&hellip;]<\/p>\n","protected":false},"author":793,"featured_media":0,"template":"","country":[343],"class_list":["post-33003","vendor","type-vendor","status-publish","hentry","country-hu"],"acf":[],"_links":{"self":[{"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/vendor\/33003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/vendor"}],"about":[{"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/types\/vendor"}],"author":[{"embeddable":true,"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/users\/793"}],"wp:attachment":[{"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/media?parent=33003"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/ursusnetwork.com\/en\/wp-json\/wp\/v2\/country?post=33003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}