How is a debt protest carried out?

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To protest a debt, the person or company must go to a protest office with identification documents in hand, in addition to the title for which they wish to claim payment, including the debtor's details, such as name and full address.

In practice, there is no minimum period for a bill to be protested. From the first day of delay, the creditor can protest. The same applies to amounts, as there is no minimum amount. However, the recommendation is to exhaust all previous steps of contact with the defaulting consumer, following what is established in your collection rule.

Once the documents and the title of the debt to be protested have been czech republic phone number list by the notary, an analysis is carried out to verify the validity of the protest claim. If everything is correct, a summons is issued to the debtor's address, provided at the time of registering the protest request at the notary's office.

After receiving the summons, the debtor will have up to 3 business days to pay the debt. In cases where the debtor cannot be located, a notice will be published in the hope that the person will become aware of the situation and seek out the notary's office to regularize their situation.

If payment is made, the creditor can withdraw the money from a notary's office and the debtor will not have to bear the consequences of the protest. However, in situations where payment is not made within the stipulated period, the procedure continues and the debt is effectively protested by means of a document called a protest deed.

From then on, the defaulter begins to suffer all the consequences of the protest. In addition to having his/her name included in credit protection services, the protest record is public, making it available for consultation by other companies, thus making it difficult to grant new credit.

The costs of filing a protest depend on the state in which it is filed. In some cases, there is no charge to the creditor and all costs are borne by the debtor. In others, some fees must be paid when filing the protest request.