If it is impossible to collect the debt by way of an amicable system, you may have the choice to initiate lawful proceedings. underneath, we reveal what both of those the extrajudicial and amicable phases entail in Cyprus.

Our aim is to supply a speedy and inexpensive debt collection provider to our shoppers. Our workforce of lawyers in Cyprus follow all the traditional collection processes and will advise the best suited collection approach, owning regard to your shopper’s most effective passions.

Additionally our legislation Firm is ready to carry an action right before any court docket when the situation call for it.

Our Cyprus legal professionals are committed to excellence in all regions of service and our services benchmarks use in all cases.

it is vital to note that this is the separate procedure from debt collection and should be handled by a lawful Skilled.

Cypriot debt collections is usually effectuated not simply Within the state, but overseas, way too. as a result, even though a debt was manufactured in Cyprus, If your debtor moved out of your country at a later on date, a courtroom motion may very well be submitted and then the debt repayment could be enforced while in the debtor’s nation of residence.

Debt collection in Cyprus normally starts off during the extrajudicial period the place we send out your debtor customised demand letters and make contact with them by mobile phone. In the event your debtor disputes the assert or fails to respond, then we are able to move forward by getting authorized motion in consultation with you.

Our goal is to gather the additional curiosity and fees out of your debtor; even so, this will depend on the character of your respective situation. With No get rid of No fork out debt collection in Cyprus, it is possible to hope the subsequent:

As an international debt collection specialist, we cope with numerous varieties of statements in Cyprus. We accumulate outstanding invoices in addition to compensation claims. We might also mediate in rental and buy disputes.

nonetheless, Additionally, there are situation where by a problem can end up inside of a court of regulation. In such cases, the company of the Cypriot legislation firm will become necessary.

every time get more info a Monthly bill or Bill stays unpaid, step one is to try collection through extrajudicial or amicable suggests. The extrajudicial period will involve all attempts to collect the debt without involving the courts. In nine away from ten situations, This is certainly enough to Get better your hard earned money.

we're generally committed to offering a high quality of shopper care and lawful service across all our follow spots.

immediately after identifying The difficulty we suggest the shopper regarding The obvious way to transfer forward as well as the treatments associated. We then find to learn just as much as is possible with regards to the debtor and his financial credibility.

normally, debt recovery in Cyprus commences with making contact with the debtor so as to access a mutual effective settlement for the payment with the remarkable amount of money. This commonly relates to business-to-company contracts where creditors and firms deal with unpaid invoices.