due to the fact we start circumstances from the extrajudicial phase over a No heal No fork out foundation, you get the standard of a debt collection lawyer at the cost of a daily debt collection agency in Cyprus. learn anything you need to know for A prosperous debt Restoration in Cyprus.
With our professional litigation knowledge and experience, we're improved positioned to navigate demanding disputes and statements to attain a speedier and seamless Restoration.
On top of that our Law Firm is ready to bring an action in advance of any court when the situation need it.
To enforce payment with the dues, the debtor has to be judged by an authorized courtroom. A price needs to be paid for issuing the situation into the court docket. the worth of it's regulated by the corporate Registrar in accordance with the court rules.
in a position sources could be squandered with the creditor to comply with up on or else irrecoverable debts due and sometimes, the creditor’s only choice is to treat the debts as “terrible”.
it can be crucial to mention, at this stage, that over the Court proceedings, there is usually a possibility of settlement, with no want to reach the final court docket stage, specifically the hearing of the situation.
Seized belongings could possibly be marketed through community auctions, with proceeds utilized to fulfill the remarkable debts in accordance with authorized priorities.
Should the debtor doesn't have latest court cases or fantastic court selections on debt collection, and He's actively engaged in commercial routines, then it is a good idea to use the phase of amicable debt collection.
Antonis Paschalides & Co LLC regulation firm has been our exterior counsels for our business exercise in Cyprus for the last five several years. We talk to them on many various initiatives (corporate matters, Levels of competition law, employment law issues, promoting law, intellectual home law etcetera).
the check here initial step would be to deliver a letter for the debtor inquiring that he pays the debt within just a certain timeframe (typically 10 days).
The amicable route presents a lot of advantages for all parties associated. Creditors circumvent the hefty fees affiliated with authorized proceedings and simultaneously preserve invaluable organization associations, thanks to the course of action’s cordial character.
We are generally dedicated to supplying a top quality of consumer care and legal assistance across all our observe locations.
Also, the credit score collector can't use Wrong statements in its makes an attempt to recover the dues or utilizing A further identification. Accusations of any kind can not be addressed to the debtor.
Anastasios specialises in company legislation issues, insurance plan legislation and debt collection. Moreover he has vast awareness in e-dollars and payment companies laws.