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Our aim is to supply a speedy and cost-effective debt collection company to our shoppers. Our staff of lawyers in Cyprus comply with all the conventional collection treatments and can endorse the most suitable collection strategy, having regard into the consumer’s very best pursuits.
Insolvency legislation: specifics the personal bankruptcy proceedings and selections for winding up a corporation, supplying pathways for creditors to Get well debts from insolvent entities.
Recourse for Unfair Practices: Consumers can request lawful suggestions or file grievances with related authorities when they imagine a debt collector violates their legal check here rights.
in the event the creditor is handling plenty of debtors, we utilize a professional software program intended to keep track of the Cyprus debt collection course of action. If your creditor so wishes, our specialist software program may be connected Along with the database from the creditor so which the creditor is all the time informed about the procedure and at what stage (on the phases outlined down below) the debt amassing course of action is at.
If your debtor is not able to spend, enforcement of a assert can be done by acquiring an enforcement buy from the court. This permits the creditor to seize assets or garnish wages to recover the debt.
The debt collection technique in Cyprus commences having an evaluation of the debtor’s solvency, his area of action, the background from the business, The supply of documentary evidence of the debt, present-day court docket circumstances and enforcement techniques, and the potential for challenging the debt.
In the event the debtor doesn't have present court docket conditions or superb court docket choices on debt collection, and He's actively engaged in business things to do, then it can be advisable to use the stage of amicable debt collection.
Submit invoice Did a consumer in Cyprus not shell out the Bill? Did you lend revenue which you by no means obtained back? Or do you have a harm declare on the island? amassing excellent debt in Cyprus discourages quite a few creditors mainly because it is difficult and time-consuming.
faucet into Debitura's professional community of community debt recovery bailiffs and lawyers. commence your assert now.
we have been dedicated to resolving your debt collection in Cyprus as rapidly as possible. when you have submitted your scenario, we will do almost everything we can to Get hold of your debtor in Cyprus. We ensure to acquire your debtor approached by cellular phone As well as in creating in Greek or Turkish.
costs and charges: Administrative expenses start from €185 for initiating the collection course of action, with further costs depending on case complexity.
if you want support in chasing a debt, our Cypriot lawyers are at your disposal and will let you in the two the amicable and courtroom proceedings.
usually, debt Restoration in Cyprus commences with speaking to the debtor to be able to reach a mutual effective settlement with the payment with the fantastic amount of cash. This generally relates to organization-to-business enterprise contracts exactly where creditors and corporations handle unpaid invoices.