Võlgnikud
Võlgnikud is the Estonian term for debtors—individuals or organizations that owe money or other obligations to creditors. The concept covers private borrowers, businesses in financial difficulty, and entities with fines or penalties to pay. In law and economics, võlgnikud are central to credit, lending, and debt-enforcement systems, and their obligations arise from contracts, loans, or statutory penalties.
The legal framework and enforcement of debts in Estonia are governed by civil and enforcement law. Creditors
Debtors have several rights and procedural options. They may respond to claims, participate in court proceedings,
Insolvency pathways differ for individuals and companies. Personal bankruptcy involves an insolvency administrator who distributes the