Collection firm requires care of your entire collection process, with the amicable section on the extrajudicial period. For this function, we work along with a network of bailiffs and lawyers in Cyprus.
According to Cypriot regulation, It's not at here all obligatory to rent a lawyer to file a lawsuit against your debtor, nor is it necessary to have a lawyer symbolize you over the authorized proceedings.
If we are unable to Get better the fascination and prices from your debtor, then these are going to be A part of the price. if you choose to choose authorized action in opposition to your debtor, then we move to an hourly or set fee. We do not need any concealed costs and will very first seek advice from you ahead of continuing with any motion.
Our priority would be that the debt is gathered in one of the most time efficient way and Together with the minimum prices attainable. We therefore seek to avoid litigation where ever doable. In many instances, We are going to collect the debt in just number of months by basically sending a letter of demand from customers, by which we assert the quantity owed to our customer.
having said that, in some cases, it is a good idea to seek authorized help from a lawyer, especially when the stakes are higher. that is certainly why Collection firm collaborates with top legal professionals in Cyprus.
Eventually, In the event the negotiations will not be thriving, We are going to initiate the proceedings with an authorized court towards the debtor.
the worldwide financial crisis couldn't but have extended to Cyprus, also, and economic transactions going down in Cyprus. Liquidity currently being a intense challenge, it is nowadays paramount for companies to gather what they are owed for items and/or solutions delivered.
Our debt collection method aims just at combating strategic responses of debtors in not paying out the things they owe whilst in situations the place the debtor is truly not able to fork out, we provide a flexible approach based on the wishes from the consumer.
authorized session if vital: must amicable resolution confirm unfruitful, we offer a few competitive quotes from area law firms, empowering you to generate knowledgeable choices regarding legal action.
The creditors cannot mail a notification that looks like Formal documents, can't give Bogus data concerning the debtor to other organizations or utilize a Untrue enterprise name.
The Civil treatment procedures supply for the potential for using the eu Payment buy course of action, which happens to be relevant to circumstances of undisputed financial promises between parties from European Union countries (excluding Denmark). to get a European payment get, you must fill out a regular application kind and submit it to your court docket. The court accepts the payment get in shut session and sends it towards the debtor, after which the debtor has thirty times to file its objections with the court docket.
A different forbidden action is that the creditor can't accumulate more debit than it imagined to, besides the case wherever the point out legislation supplies so.
If you need help in chasing a debt, our Cypriot lawyers are at your disposal and may help you in both the amicable and court proceedings.
By Operating carefully with our shoppers, we aim to expedite the method and secure payment on the debt promptly or pursue a judgement to Get well payment.