However, experiences show that putting off is rarely beneficial. A debtor who is in possession of limited financial facilities is inclined to give priority to payment of those of his outstanding debts which lay the higher pressure on him.
The slightest form of pressure is when the creditor sends a payment notice. As a rule, this step is an action required also by diplomacy. However, if the desired result is not achieved, the next step would be, practically, a notice of a lawyer in Hungary instead of making giving payment notices and phone calls.
Namely, the creditor can call attention by a notice of a lawyer in Hungary at relatively low costs so that he might take a better position in the rank of creditors waiting for payment. In particular, the fact of contacting a lawyer in Hungary itself substantiates seriousness of the notice: it indicates that the creditor is willing to bear the costs of debt recovery on the one hand and it predicts the possible legal consequences on the other. For this reason, it occurs several times that receipt of a notice issued by a lawyer in Hungary is sufficient in itself to stimulate willingness of payment.
Of course, all this might be successful if the debtor not only intends but also he is in possession of the sufficient funds to settle his debts. Naturally, if the debtor has no assets, you may only hope his position will become stable in the future, but your claim enforcement opportunities are rather narrow. However, if the pretence of the debtor’s insolvency is only the part of his strategy aimed at playing for time, the notice issued by a lawyer in Hungary might become an indispensable corner-stone of successful recovery.
