within our knowledge, by this level, a number of debtors will likely commence with payment of your amounts owing. nevertheless, When the debtor does not comply with enough time frames mentioned while in the letter of demand from customers, our staff of lawyers in Cyprus will continue with recovering the debt by means of the authorized route – i.e. the filing of a lawsuit while in the courts of Cyprus.
If the amount owed is not paid, we mail 1 closing reminder. In this particular letter, we tell your debtor that They are going to be taken to courtroom if payment is not obtained by the required date.
But in selected circumstances, the courtroom may order usually with respect to execution. The cut-off date for consideration of an attractiveness isn't recognized by law. As a result of thought from the charm, the court will make a decision, which comes into force from the moment of its adoption.
Recourse for Unfair techniques: buyers can seek out authorized advice or file issues with appropriate authorities when they feel a debt collector violates their rights.
The amicable route presents several rewards for all events associated. Creditors circumvent the significant charges connected to lawful proceedings and simultaneously protect priceless organization interactions, thanks to the system’s cordial character.
We are enthusiastic to announce that our law firm has merged with Haviaras & Philippou L.L.C., a reputable regulation firm aiming to serve the shoppers of both equally firms underneath the title of Haviaras & Philippou L.L.C.
Debt collection in Cyprus always starts off while in the extrajudicial stage where by we deliver your debtor customised desire letters and make contact with them by phone. If your debtor disputes the assert or fails to reply, then we can easily commence by taking authorized motion in consultation with you.
step one inside the debt collection process in Cyprus would be the out-of-court stage. This is where the creditor attempts to collect the debt by means of negotiation and interaction with the debtor.
ought to we feel that the debtor has no economical credibility and wouldn't pay out In spite of a Court judgment inside our fingers, we would then recommend the customer it is not value pursuing this make any difference click here in Court. This really is, on the other hand, hardly ever the case because the debt will likely be collected efficiently in the majority of cases.
even so, there are also scenario wherever a predicament can end up inside of a courtroom of legislation. In this case, the assistance of a Cypriot legislation firm results in being required.
Collection organization focuses on international debt collection. Our specialists know specifically how to handle defaulters. We now have produced an economical debt collection system and work together with legal professionals, attorneys, and bailiffs in Cyprus.
Should the debtor refuses to pay even after the issuance of the Court judgment in opposition to him, we can easily use the next procedures so that you can execute the court docket judgment:
The court service fees depend on the value of your assert and the region during which litigation will take place. In some cases, the amount is fastened, on the other hand, it also relies on litigation technique. Additionally, our personal lawful costs are integrated too.
We intention to provide value for all our purchasers and welcome opinions on any aspect of the assistance we provide.