within our experience, by this position, a variety of debtors will likely commence with payment in the quantities owing. on the other hand, Should the debtor will not adjust to some time frames stated from the letter of demand from customers, our workforce of legal professionals in Cyprus will carry on with recovering the debt via the legal route – i.e. the submitting of a lawsuit while in the courts of Cyprus.
The chance for a successful recovery depends upon the nature of the debt collection circumstance. We clear up 95% of all conditions with a contingency foundation.
vital to This can be recognition of Cyprus's statute of limits which, according to the Limitation of steps Law (66(I)/2012), generally imposes a 6-yr interval for initiating most civil steps, with a few kinds of claims acquiring distinct periods. This period needs to be seen together with:
add your scenario in one moment and our domestic debt collection expert with your debtor’s country will commence accumulating your scenario immediately.
However, occasionally, it truly is highly recommended to hunt lawful assistance from a lawyer, especially when the stakes are large. which is why Collection firm collaborates with top attorneys in Cyprus.
Hearing just after numerous other procedural methods, a date is set for your hearing where both functions existing their scenario as a result of their witnesses.
A lawsuit are going to be well prepared by our workforce of legal professionals in Cyprus who will then request the customer to evaluation it. The Statement of declare will include all quantities because of in addition to the costs paid because of the shopper with the debt collection technique
Our goal is to gather the extra fascination and charges from the debtor; however, this is get more info determined by the character within your circumstance. With No treatment No shell out debt collection in Cyprus, you'll be able to be expecting the following:
“Bierens is usually a really productive and Qualified associate. not just do they have a great debt collection method, Additionally they give sound suggestions.”
having said that, if the debtor is unwilling or struggling to spend, the subsequent action will be to proceed legally for a creditor. In Cyprus, a permit is not required to perform debt collection actions, but it can be crucial to pay attention to the legal strategies and constraints.
just in case the amicable stage proves for being ineffective and all efforts to Recuperate the debt are actually fatigued, we would then suggest to continue on the judicial collection stage. Our most important problem is usually our clients’ ideal fascination, hence, previous to filing any authorized actions the situation is researched in detail along with the authorized feeling is given to our shoppers for their thing to consider, outlining the achievement or the risk variables of the situation.
you'll find specified pros to operate with law firms On the subject of debt collection in Cyprus, as these can:
If you need assistance in chasing a debt, our Cypriot lawyers are at your disposal and will help you in both of those the amicable and court proceedings.
A subpoena for confiscation and sale in the surety’s movable assets may be emitted. The surety’s movable property needs to be Element of general public auctions.