A Simple Key For cyprus law firm Unveiled

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Our preference is to gather your declare without courtroom intervention. thus, we generally begin a collection in the amicable phase. If this has no effect, then we carry on with court docket action. having said that, we normally do this in session with you 1st.

For European Order for Payment proceedings, the creditor ordinarily completes a regular variety and submits this to the Court. The courtroom then problems a ecu purchase for Payment. The debtor then has 30 times to condition whether or not they item to your assert. If there is not any response inside the 30-working day period of time, it's possible you'll question the courtroom to generate the get for payment ultimate (referred to as a “declaration of enforceability”).

since the main cross-border debt collection legislation firm, Now we have use of world-wide company databases and credit rating experiences. Within these databases, we can see your debtor’s credit score position, decide why the Bill wasn't paid and refine our tactic accordingly.

Cyprus is an element in the EU. hence, it is not always needed to obtain your declare throughout the Cypriot lawful technique. you'll find Distinctive European processes to Recuperate cross-border claims. These strategies are founded to make it less difficult to gather unpaid charges overseas (but inside the EU).

If we use the European modest Claims Procedure, we can easily post your assert to the courtroom with your place. The court docket will then ahead the claim to your Cypriot debtor. Your debtor can elevate objections, and each events can post electronic proof. The judge may even organize a videoconference hearing.

Debt collection in Cyprus is usually a complex process, but with a clear knowledge of the legal process and the measures included, creditors can properly Get well unpaid debts.

Seized property could be sold via general public auctions, with proceeds utilized to fulfill the fantastic debts in accordance with lawful priorities. 

regardless of whether you select to refer to us in both the extrajudicial or judicial debt collection phases in Cyprus or overseas, our Business office is All set To help you.

inside the framework of this course of action, it is feasible to judicially terminate fraudulent/fictitious transactions on the debtor aimed at withdrawing their belongings to be able to avoid debt repayment through the forced sale of these kinds of property.

In the event the debtor is not aware of the letter we will search for to negotiate with him on the mobile phone. lots of debtors will prefer to settle the debt at this early phase and negotiate a payment program.

during the hugely unlikely event that we do not collect just about anything, you won't really need to pay back us any costs. you will find a complete overview of our costs on our charges webpage.

there are actually selected positive aspects to work with law firms On the subject of debt collection in Cyprus, as these can:

Although litigation is seen as a last vacation resort, our firm provides a group of skilled lawyers who are very well-versed in debt collection, from your amicable section to authorized treatments.

From our practical experience, they are too many those who will choose to settle their debts at this preliminary stage here and negotiate a payment plan.

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