This email tackle is becoming shielded from spambots. you will need JavaScript enabled to look at it. for almost any issues on debt collections.
Our intention is to supply a fast and affordable debt collection company to our consumers. Our crew of legal professionals in Cyprus adhere to all the conventional collection techniques and can propose the most fitted collection strategy, obtaining regard for the client’s finest passions.
Moreover our legislation Firm is ready to provide an action right before any court in the event the situations need it.
Failure to respond to the tries of contact from your creditor, recovery company, or lawyer will usually bring on the latter submitting for a court purchase with the due amount of money is obtained.
This assessment decides the tactic which will be employed on behalf in the customer through the collection course of action.
In the event the debtor is not able to pay, enforcement of a assert can be carried out by getting an enforcement buy with the court docket. This enables the creditor to seize property or garnish wages to Get well the debt.
The creditor is also allowed to recover any legal costs paid out to their lawyer for sending a letter of demand along with the expenses of submitting a lawsuit if that is productive.
It's not necessarily often achievable to trust in the Cypriot legal procedure. This is actually the case Once your debtor is located in Northern Cyprus.
lastly, in instances in which the debtor is insolvent, insolvency proceedings can be initiated. this can be a authorized method the place the debtor’s assets are liquidated and dispersed among the creditors.
When handling debt collection in Cyprus, you could count on Bierens. although our specialists uncover the answer you may need, you can resume organization as typical. We can help you with the next cases:
in the event the debtor is a corporation our Cyprus debt collection technique consists of jogging a search Using the databases of the Registrar of organizations so that you can Track down the registered Office environment address of the corporation, the click here names and personal addresses of the Directors in order for us to be able to create Speak to.
service fees and charges: Administrative costs commence from €185 for initiating the collection method, with more fees based on circumstance complexity.
different dispute resolution techniques like mediation and arbitration can be explored before resorting to legal proceedings. you can obtain these debt recovery expert services in Cyprus from our attorneys.
The payment get is then despatched to your debtor. The debtor has the opportunity to file an objection towards the claim. If that does not materialize, we will enforce the European Payment purchase by seizing belongings from your debtor.