forlig: what does it mean in Danish debt collection?
forlig in English: settlement
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
An agreement that resolves a dispute. A voluntary settlement (frivilligt forlig) is an agreement with the debtor to pay, often in instalments.
Explanation
A settlement can be made before or during a court case and often saves both sides time and costs. Put the settlement in writing, with the amount, payment dates and what happens if it is breached. When the debtor signs a voluntary settlement, they also acknowledge the debt.
Read more
Article: Settlement and mediation
Related terms
- forfaldsdag due date
- forældelse limitation (time bar)
- fordringshaver, kreditor creditor
- gældsbrev IOU, promissory note
Need help with a claim?
Through InkassoHurtig you can get no-obligation quotes from police-authorised debt collection agencies and lawyers. InkassoHurtig is not a debt collection agency itself.
Get no-obligation quotes