2. ORDER OF PAYMENT
ORDER OF PAYMENT is one of the simplest and most basic procedure to initiate legal action against debtor.
In ORDER OF PAYMENT procedures, creditor can file the complaint to court. After reviewing the complaint, the court renders a ORDER OF PAYMENT and delivers the award to debtor.
When debtor does not appeal the court’s decision, the ORDER OF PAYMENT becomes final and binding between two parties (creditor and debtor) and creditor can proceed compulsory execution (e.g. seizure on debtor’s bank accounts).
In case debtor appeals the court’s decision, the ORDER OF PAYMENT process is transferred to NORMAL CIVIL LAWSUIT, and the court sets pleading dates and summons both parties (or its counsels).
If debtor acknowledges its debt and do not make appeal the court’s decision, ORDER OF PAYMENT can be cheaper and faster remedy for creditor to recover its debt. However, when debtor appeals, commencing NORMAL CIVIL LAWSUIT is faster remedy.