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Debt collection in Poland

25.11.2023, 23:06
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Debt collection in Poland operates within a legal framework governed by laws such as the Civil Code and the Act on Payment Terms in Commercial Transactions. Businesses and individuals can engage specialized debt collection agencies to recover outstanding debts, adhering to ethical practices and consumer protection laws. If informal methods fail, creditors can pursue legal action through the court system, with court judgments enabling enforcement measures such as asset seizure or bank account garnishment. The amount of interest and additional costs on overdue payments is regulated by law, with creditors entitled to claim interest. It's advisable to consult recent sources or legal professionals for the latest information on debt collection practices in Poland.

More information by this link: https://www.grandliga.com/en/debt-collection-in-poland/

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