gældsbrev: what does it mean in Danish debt collection?
gældsbrev in English: IOU, promissory note
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
A written acknowledgment of debt. Becomes time-barred after 10 years. If it expressly says it can be the basis for enforcement, it can go straight to the bailiff's court.
Explanation
The option of going straight to the bailiff's court follows from section 478(1)(5) of the Administration of Justice Act and requires the IOU to say so expressly. Without such a clause, the creditor first needs a judgment or an endorsed payment order. An IOU should state the amount, the parties, the interest and the repayments clearly.
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Related terms
- betalingspåkrav payment order
- fogedretten bailiff's court
- retsafgift court fee
- udlæg attachment (enforcement against assets)
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