Letter is sent to borrower regarding delayed payments. Borrower must repay delayed amount within 1 week or LANDE asks for prescheduled full repayment of the loan within 2 weeks.

Letter is sent to borrower informing them of LANDE's withdrawal from the original agreement. Includes debt amount per debt positions. 

Warning sent by Notary according to agreements regarding obligations which are secured with a public mortgage or a commercial pledge. Must be sent to initiate Uncontested Enforcement of Obligations.

Mutually signed document, approved by notary, which includes repayment schedule and works as an enforceable document. In case borrower delays monthly instalment by more then 60 days, the document can be submitted straight to a bailiff. No litigation process needed. 

The 15-day summon is sent to the borrower summoning them to promptly settle the debt, otherwise LANDE will start court proceedings. The summons contain the principal amount, interest, and penalties. 

Documents regarding the debt case are prepared and submitted to the Attorney to start legal proceedings – preparation of claim and submission to court. 

Attorney has submitted the case to court. According to the process, the defendant (borrower) is given 30 days to provide explanations (in LV & LT) or has right to submit a response up to 3 days before the trial begins (in RO). 

Court has set the date for trial. In Latvia and Lithuania legislation doesn't regulate the term for court to set the date for trial. According to the legal process (normal proceedings, Uncontested enforcement of Obligations) if the court asks additional documents or the defendant (borrower) provides explanations, this legal stage can take different amounts of time, also based on the workload of the court. 

In Romania, the law states that in case the borrower does not submit a response to the claim, the request should be resolved in a maximum of 45 days from the day it was registered by the court. In practice, this could take longer depending on the workload of the court. 

Mutually signed document, approved in court, which includes a repayment schedule and works as an enforceable document. In case the borrower delays the monthly instalment by more than 10 days, the document can be submitted straight to a bailiff. Signing the document ends the legal proceedings. 

The court has issued a decision. In Latvia & Lithuania, according to process, the defendant has up to 30 days to submit an appeal regarding the claim. 

In Romania, the defendant has up to 10 days to submit an appeal. Even if the defendant appeals it, the decision is enforceable. 

The defendant hasn't filed an appeal to the court's decision; therefore plaintiff (LANDE) can ask court to issue enforceable document which can be submitted to the bailiff.