Võlguandjad

Võlguandjad is a term in Estonian law referring to creditors, specifically those who are owed money or some other performance. The term is commonly used in discussions related to debt, bankruptcy, and contract law. It denotes individuals or entities that have a legal claim against another party, the debtor (võlgnik).

The rights and obligations of võlguandjad are defined by Estonian legislation, primarily the Law of Obligations Act. This act outlines how debts are created, enforced, and discharged. A võlguandja can pursue various legal remedies to recover what is owed, including demanding payment, seeking damages for breach of contract, or initiating insolvency proceedings.

In the context of insolvency, võlguandjad play a crucial role. They are the parties who collectively decide on the course of action for a bankrupt entity or individual, such as approving a repayment plan or liquidating assets. Their claims are typically ranked according to legal priorities, determining the order in which they receive any recovered funds. Understanding the concept of võlguandjad is fundamental to comprehending Estonian civil and commercial legal frameworks, particularly concerning financial transactions and disputes.