A message from a creditor to its debtor expressly indicating that the time has come for the debtor to pay its debt.

Business to Business. So it is about trade between companies.

Business to Consumer. Involves trade between a company and consumer.

A collection refers to the collection of an unpaid invoice or an outstanding debt.

In the case of a contestation, the debtor indicates in a reasoned manner that he does not agree with the debt. In the IOS procedure this is done in writing by means of the reply form.

A clause (usually in the general terms and conditions) whereby, in the event of non-performance of the contract, a fixed sum of money is agreed to compensate for the possible negative consequences of the non-performance of the contract.

An enforceable title is a document that can be used to take enforcement measures against a party that does not fulfil its obligations.

Enforcement is the execution of a judgment in the event that the debtor does not or refuses to cooperate. Thus, with compulsory execution, the payment of a debt can still be enforced by means of a payment order, seizure, etc.

General terms and conditions are the basic conditions which apply to a contract between the parties. They may contain, for example, the value of the damages clause or the interest rate.

Percentage-based compensation due for the delay in payment of a certain sum of money.

The IOS procedure means that uncontested claims between businesses can be collected more easily by a lawyer in consultation with a bailiff. The intervention of the court is no longer required in the IOS procedure.

Is a lump-sum compensation for the costs and fees of the succesful party’s lawyer recovered from the unsuccesful party.

In legal proceedings, a dispute is brought before the court. Your debtor will first have to be summoned, after which the court will pass judgment on the case.

A judge.

Literally, this means “no solution, no payment”.

An old claim is one that is older than two years.

This is a summons by the bailiff or by court letter to appear in court.

This is an (unpaid) invoice to which the debtor does not object and, in other words, gives his consent.