From uncomplicated debt collection situations to complicated authorized matters, from smaller enterprises to multinationals throughout diverse industries, our professionals have assisted over 24.
Just about 95% on the circumstances that we remedy, is often gathered with none court intervention. nevertheless, In the event your debtor in Cyprus even now will not pay out, then we can initiate lawful proceedings.
Moreover we may possibly use credit history details companies and the internet for our debt collection. In Cyprus and also in all EU member states the General facts security Regulation could forbid the use of data which the debtor has not presented consent.
To implement payment on the dues, the debtor must be judged by an authorized courtroom. A cost must be paid out for issuing the situation into the court docket. the worth of it can be controlled by the corporation Registrar based on the courtroom laws.
The period of authorized proceedings in Cyprus depends upon the complexity of your case and whether or not your debtor raises a defence.
there are numerous forbidden methods during the Cypriot debt collection procedure for any debt collector or lawyer to employ in his endeavor to find out a debtor to pay its dues.
The letter despatched to your Debtor is prepared by our workforce of lawyers in Cyprus who have to have the debtor to pay for in just (usually) 10 days. The letter is either served to the debtor via a court officer or sent by fax, article or email.
Our debt collection technique aims just at combating strategic responses of debtors in not having to pay the things they owe even though in instances where the debtor is truly unable to pay out, we offer a versatile strategy based on the needs with the consumer.
need to we feel that the debtor has no monetary credibility and would not fork out Despite a Court judgment within our fingers, we might then suggest the consumer it is not really worth pursuing this matter in Court. This is, nevertheless, hardly ever the case since the debt will be gathered efficiently in many situations.
Interim actions in Cyprus A lawful circumstance usually takes months to take care of. needless to say, we don’t want your debtor to employ that time to cover their assets, leaving very little to gather when the court would make a ruling.
Creditors usually ship desire letters to debtors with the assistance of our Cypriot debt collection legal professionals, outlining the amount owed, payment phrases, and the results of non-payment.
Specialising in debt collection we Incorporate professionalism and comprehensive working experience on the legal method using a business and practical approach to debt collection.
it is possible to Keep to the click here correspondence using your debtor in Cyprus by way of our World-wide-web portal 24/seven. On top of that, your caseworker will normally Make contact with you by cell phone or in composing to help keep you knowledgeable to the development of the debt collection in Cyprus.
typically, debt Restoration in Cyprus begins with contacting the debtor as a way to get to a mutual helpful settlement for the payment on the excellent sum of money. This generally relates to small business-to-enterprise contracts wherever creditors and companies take care of unpaid invoices.