Interaction Along with the debtor starts quickly after sending the notification by mail, e-mail, telephone or instant messengers.
Discover how We've got helped other clients with international collections which includes debt collection in Cyprus
It is always troublesome when shoppers or other debtors do not pay back you. It will become even more challenging Whenever your debtors can be found abroad.
Our Cyprus legal professionals are dedicated to excellence in all areas of provider and our company benchmarks utilize in all conditions.
We also know that the Coronavirus can have developed a back again log of debts, several of that are legitimate situations of inability to pay, although Various other instances relate to strategic conduct with the Debtors not to pay for their debts.
purchaser defense: Cyprus law protects shoppers in debt collection, guaranteeing truthful and clear methods.
Seized property might be sold by means of public auctions, with proceeds made use of to fulfill the remarkable debts in accordance with lawful priorities.
Our debt collection procedure aims exactly at combating strategic responses of debtors in not paying out what they owe even though in cases the place the debtor is truly not able to spend, we offer a versatile tactic based more info upon the wishes of your shopper.
immediately after acquiring a final court decision, When the debtor refuses to voluntarily adjust to the courtroom conclusion, a writ of execution ought to be received and presented into the bailiff for execution.
Statute of Limitations: basic limitation period of six years for many civil steps, which include debt recovery, extendable underneath specified disorders.
With our in-home debt collection Restoration procedures, we will be able to supply our customers with correct and worthwhile assistance or tips. We divide debt collection into two important phases: extrajudicial debt collection and judicial debt collection.
How somebody ways debt collection in Cyprus is incredibly important. We recognize that when accumulating your debts, time is with the essence. We also are aware that take into account
Although litigation is viewed as a last vacation resort, our firm includes a staff of knowledgeable legal professionals who are well-versed in debt collection, in the amicable stage to lawful treatments.
From our working experience, They can be a lot of those who will opt to settle their debts at this preliminary phase and negotiate a payment strategy.