Not known Facts About debt collection cyprus
Not known Facts About debt collection cyprus
Blog Article
individual bankruptcy These aim at leading to the debtor to become bankrupt. This step has substantial negative results around the debtor including the prohibition to very own checks or come to be director in providers.
for those who disable this cookie, we will not be able to preserve your preferences. This means that anytime you pay a visit to this Web page you have got to help or disable cookies once again.
commencing a debt collection in Cyprus is quick and simple. you may add your claim by way of our on the net transfer kind. All you will need to do is enter some details on your own organisation, your debtor’s firm and suitable documentation or invoices. it is possible to then upload your scenario via a safe network right here.
Most of the instances are settled over the extrajudicial collection phase, nonetheless, during the party where by a debtor neglects to pay for, the case is handed around on the authorized Division along with the assigned law firm will test to steer the debtor to pay for amicably inside of a specified timeframe agreed Using the consumer.
This letter features a paragraph that in case the debtor does not answer within the deadline then lawful proceedings will likely be initiated by our workforce of Cyprus legal professionals.
we're fired up to announce that our law firm has merged with Haviaras & Philippou L.L.C., a respected law firm aiming to provide the shoppers of equally firms underneath the identify of Haviaras & Philippou L.L.C.
The global economic disaster could not but have extended to Cyprus, too, and fiscal transactions going down in Cyprus. Liquidity currently here being a significant trouble, it is actually currently paramount for enterprises to gather whatever they are owed for products and/or services presented.
This structured technique throughout the Cypriot civil court docket method makes sure that lawful matters are managed with efficiency and precision, giving a strong framework to the adjudication of disputes, including People pertaining to debt collection.
it truly is completely attainable to hire a Cypriot debt collection company for debt collection around the island. The challenging portion is that you'll rapidly encounter a significant language barrier if you do not discuss Greek or Turkish on your own.
Interim actions in Cyprus A legal case might take months to take care of. Of course, we don’t want your debtor to work with that point to cover their assets, leaving very little to gather when the court tends to make a ruling.
We strongly feel that in right now’s modern Culture and company environment, Distinctive emphasis should be placed on alternate dispute resolution mechanisms and out-of-courtroom settlements for resolving disputes.
Specialising in debt collection we Incorporate professionalism and in depth knowledge in the lawful procedure having a professional and simple method of debt collection.
Antonis Paschalides & Co LLC has customarily represented the main banking establishments of Cyprus in collection of their neighborhood debts and it has a short while ago been engaged by a number of foreign clients wishing to gather from Cyprus based mostly people or businesses.
Cyprus Civil treatment Law: Governs the filing of lawsuits, services of writs, and also the judicial process for debt collection, setting up the groundwork for legal steps in opposition to debtors.
Report this page