Not known Facts About debt collection cyprus
Not known Facts About debt collection cyprus
Blog Article
Filing an visual appearance The debtor has ten days to file an visual appearance. there are numerous scenarios throughout this Element of the debt collection course of action in Cyprus the debtor will not file an appearance.
we have been pleased to take the opportunity to complement Antonis Paschalides & Co LLC law firm on the standard and professionalism that is certainly characterized by their firm in all aspects of their business. Antonis Paschalides & Co LLC legislation firm has worked with us in the last two years on quite a few our portfolio corporations (provision of fiduciary – company – lawful services) and we have been impressed by the standard of its consultants, the impression in their get the job done, the truthful and reliable providers and their professional tactic in many cases. We stay up for a lot of additional prosperous a long time of cooperation.
in the event all attempts to conclude the debt collection in Cyprus via negotiation usually do not provide the results We'll then carry on with another step which would be to send out a letter of demand on behalf of our clients.
this method involves intensive conversation While using the debtor so as to use continuous tension. the leading task is to establish connection with vital conclusion makers to accomplish speedy debt repayment.
the subsequent action is to organize and deliver a letter of declare into the debtor, calling upon him to pay the debt in just a fixed time period, ordinarily seven or ten times. When the debtor refuses and/or fails and/or denies to comply with his economic obligations throughout the set, by us, timeframe, then We'll find to barter with him.
Hearing immediately after quite a few other procedural methods, a date is set for any hearing where both of those events existing their scenario by their witnesses.
A lawsuit might be well prepared by our team of attorneys in Cyprus who will then request the client to assessment it. The Statement of assert will contain all quantities owing together with the expenditures paid out by the consumer for that debt collection treatment
Our attorneys have extensive experience symbolizing financial institutions and various economical establishments in debt Restoration issues, making sure the successful enforcement in their legal more info rights as well as Restoration of outstanding debts.
The legal system in Cyprus relies within the frequent regulation program, Together with the Supreme courtroom getting the very best courtroom of attraction. The courtroom system for debt collection is often lengthy and costly, but it's a vital move for creditors with unpaid, uncontested claims.
The duration of legal proceedings in Cyprus will depend on the complexity of the situation and ON irrespective of whether your debtor raises a defence.
if the choose will make a ruling, the legal costs from the successful social gathering are typically awarded for the getting rid of occasion. These prices is usually gathered together with the first debt, by way of example as a result of seizure of property.
Specialising in debt collection we Merge professionalism and in depth practical experience in the legal system having a commercial and simple approach to debt collection.
If you need assistance in chasing a debt, our Cypriot legal professionals are at your disposal and can help you in the two the amicable and courtroom proceedings.
we can easily ask for a eu Payment get through the selected court in your own personal region. They challenge the payment order based upon several typical types that we fill out for you.
Report this page