whether it is impossible to collect the debt by means of an amicable system, you've the choice to initiate legal proceedings. under, we describe what both of those the extrajudicial and amicable phases entail in Cyprus.
Debt collection in Cyprus generally commences from the extrajudicial section the place we send your debtor custom-made desire letters and make contact with them by telephone. In the event your debtor click here disputes the declare or fails to reply, then we can commence by taking lawful action in consultation along with you.
If this stage will not convey the envisioned benefits or right after an initial Evaluation it becomes very clear that it is not relevant, you should progress to Restoration from the methods supplied for by regulation.
Issuing Court proceedings is the last vacation resort in the event the debtor isn't willing to settle his debt without the will need for litigation. The consumer/creditor are going to be recommended regarding whether it is really worth about to Court as well as the sensible chances of accomplishment in court docket and collection on the debt.
This letter features a paragraph that in the event the debtor doesn't react in the deadline then authorized proceedings is going to be initiated by our crew of Cyprus lawyers.
We cooperate having a community of professional and reputable regulation Firms in all of these parts for your judicial debt collections.
just in case the debtor is actually a purely natural individual we will require the shopper to provide us with any data that they have got within the whereabouts with the debtor so as to help us Along with the debt collection course of action. In Cyprus, lawyers can gather all details concerning debtors and the place to begin could be the consumer.
We use cookies to make certain that we give you the greatest working experience on our Web site. If you keep on to employ This great site we will suppose that you'll be pleased with it.OkNoPrivacy coverage
for virtually any small business, earlier because of accounts and accounts which have been defaulted on can harm business enterprise passions and income. it is necessary to maximise your Restoration of all dimensions of economic debt.
We will always present you with details upfront concerning the chance of success inside your debt Restoration make any difference. We may even advise you in advance with regards to the likely prices, and we only continue with the authorization.
Creditors typically ship need letters to debtors with the help of our Cypriot debt collection legal professionals, outlining the amount owed, payment phrases, and the implications of non-payment.
If the debtor refuses to pay for even following the issuance of a Court judgment from him, we will use the following techniques in order to execute the Court judgment:
you'll be able to follow the correspondence with the debtor in Cyprus by way of our World-wide-web portal 24/7. Moreover, your caseworker will normally Make contact with you by telephone or in producing to help keep you knowledgeable within the development within your debt collection in Cyprus.
We intention to deliver value for all our customers and welcome comments on any element of the company we offer.