According to the Republic of Lithuania Law on Judicial Officers, a judicial officer shall be a person authorised by the State and empowered by it to perform the functions of enforcement of enforceable documents, statement of factual circumstances, transfer of documents and any other functions stipulated by law. The judicial officer may provide the services provided for in this Law, unless this interferes with the performance of a judicial officer’s functions.
After Lithuanian judicial officers began operating as private ventures following the institutional reform, the actual debt recovery rate increased by 3-4 times. Instead of a high-priced and weak former bailiffs’ firms system, which was annually allocated with nearly 10 million Litas from the state budget, now there is operating an independent, result-oriented enforcement system. Private venture judicial officers of Lithuania annually repay 20-33 pct. of claimed debts to creditors.