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This electronic mail address is getting protected against spambots. you would like JavaScript enabled to see it. for virtually any inquiries on debt collections.
gathering debts in Cyprus encompasses reminder issuance, repayment negotiations, legal action initiation or simply reporting defaulters to credit score organizations.
setting up a debt collection in Cyprus is fast and easy. you could upload your assert by means of our on the internet transfer sort. All you need to do is enter some specifics on your own organisation, your debtor’s company and relevant documentation or invoices. it is possible to then add your circumstance by way of a protected network below.
Cyprus is an element on the EU. as a result, It's not necessarily often essential to collect your declare in the Cypriot lawful process. There are Specific European methods to Recuperate cross-border claims. These treatments have already been founded to make it easier to collect unpaid expenditures overseas (but inside the EU).
This evaluation establishes the technique that may be made use of on behalf with the client in the course of the collection method.
Moreover, unique limitation intervals use to selected matters. For promises connected to deal perform, There exists a limitation period of six many years.
The creditor is likewise permitted to recover any legal expenses compensated to their law firm for sending a letter of demand in addition to the fees of submitting a lawsuit if that is prosperous.
Our preference is to gather your assert without courtroom intervention. consequently, we generally start a collection in the amicable phase. If this has no effect, then We are going to focus on your judicial choices along with you. We won't ever intiate court docket proceedings without having your explicit consent.
In situations of insolvency, the appointment of insolvency practitioners can be necessary to oversee the distribution of belongings among the creditors.
Submit your Make contact with specifics and amongst our debt collection specialists will Make contact with you right away!
We happen to be dealing with Antonis Paschalides & Co LLC law firm for more than forty yrs now on a variety of initiatives (examining of contracts, corporate issues, work law issues, representation just before the eu court docket of Justice over the Cyprus bail in situations just to call some).
We'll normally Speak to your debtor by sending an Preliminary demand from customers letter, which we also comply with up that has a cell phone simply call. this way we steer clear click here of any sort of miscommunication. Our solution is usually firm and respectful, and you will almost always be knowledgeable on the position of your respective scenario.
This depends upon Every single circumstance and debtor. We usually begin while in the amicable debt collection phase. This process takes a comparatively small time because we offer your debtor with confined time to accomplish the payment. When starting up your scenario, your circumstance worker will provide an estimate on the period within your case.
By Doing work closely with our clients, we purpose to expedite the process and secure payment from the debt immediately or go after a judgement to Get better payment.
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