EstateGuru informed investors about the recovery timeline for defaulted projects in various countries. In Estonia and Lithuania, the enforcement procedures may begin after a 30 days notice has been sent to the borrower. In Latvia, the enforcement procedures begin after 60 days. In Finland, it takes between 3 and 6 months to receive the enforcement decisions from the court. Germany has a six-month waiting period for voluntary fulfillment of the debt. During this time, EstateGuru cannot legally begin the enforcement procedures.
Copyright © 2021 Global P2P Lending, All rights reserved.