Our desire is to collect your claim with out court docket intervention. Therefore, we always start a collection inside the amicable section. If this has no result, then we proceed with court action. on the other hand, we often achieve this in session with you to start with.
Our goal is to provide a speedy and cost efficient debt collection service to our purchasers. Our crew of lawyers in Cyprus adhere to all the conventional collection strategies and will advise the best suited collection system, possessing regard to the client’s very best interests.
If this stage will not provide the anticipated results or after an Preliminary Evaluation it gets to be clear that it is not relevant, you ought to carry on to Restoration throughout the procedures offered for by regulation.
This process includes intensive interaction Using the debtor in an effort to utilize continual stress. The main job is to establish contact with important choice makers to attain speedy debt repayment.
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at the time a judgment is issued, the lawyer will proceed with the many relevant actions and acquire any motion readily available for the execution proceedings.
Seized belongings could be bought by way of public auctions, with proceeds click here utilized to satisfy the excellent debts in accordance with authorized priorities.
the final circumstance situation is once the negotiations are unsuccessful and there is no other alternative than to maneuver on with initiating court docket proceedings in opposition to the debtor.
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while in the function of the undisputed claim between two events located in EU Member States (besides Denmark), it is achievable to begin European Order for Payment proceedings. The lawyer dealing with your situation can evaluate no matter whether this type of technique is suitable in your situation.
In basic principle the statute of constraints in Cyprus is ten years. this era begins when you take action versus your debtor, such as, by sending a reminder or simply a demand letter.
The court docket sends a summons in your debtor. That is an Formal simply call to look prior to the court docket. Your debtor has the chance to file a defense towards the declare in fourteen days. for a creditor, you then have 7 times to reply.
Cypriot debt collection pursuits are controlled by purchaser defense rules, prohibiting abusive or harassing procedures in the collection method.
The payment purchase is then despatched for your debtor. The debtor has the opportunity to file an objection for the assert. If that does not take place, we could implement the European Payment get by seizing belongings from your debtor.