5 Simple Techniques For debt collection cyprus
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Our regulation firm specialises in handling both of those business and personal debts, and understands the value of preserving an experienced solution in debt collection to preserve the connection involving our customers as well as their debtors.
In addition our regulation Firm is ready to convey an action right before any court docket if the circumstances have to have it.
Our precedence would be that the debt is gathered in the most time effective way and While using the least prices attainable. We therefore look for to prevent litigation anywhere possible. in lots of conditions, we will gather the debt within couple of months by merely sending a letter of demand, through which we declare the amount owed to our client.
An unconditional court order with the judicial debt collection procedure, along with the debtor's solvency, empowers bailiffs to implement your declare by means of asset seizure/salary attachment. Insolvency proceedings stay the last resort for debt Restoration in Cyprus once the debtor is insolvent.
We are excited to announce that our regulation firm has merged with Haviaras & Philippou L.L.C., a reputable regulation firm aiming to serve the purchasers of both equally firms beneath the identify of Haviaras & Philippou L.L.C.
Debt collection in Cyprus normally begins inside the extrajudicial stage where we deliver your debtor customised demand letters and call them by mobile phone. In case your debtor disputes the assert or fails to respond, then we could carry on by taking lawful action in consultation along with you.
The first step inside the debt collection process in Cyprus would be the out-of-court stage. This is when the creditor attempts website to collect the debt through negotiation and communication Using the debtor.
This stage is important for formalizing the debt and enabling further enforcement steps. Our community of community attorneys will signify your scenario in courtroom, offering experience and familiarity with area guidelines.
Satisfaction on the creditor’s calls for in the whole process of pressured execution is performed in the seizure of cash as well as their create-off, seizure of property with subsequent sale.
Debitura just isn't a legislation firm or debt collection agency. as an alternative, we're a platform that connects you with vetted regional collection agencies and attorneys worldwide. Leverage our network of 500+ regional collection agencies and lawyers throughout 183 marketplaces for successful, on-the-ground debt Restoration.
does one need to know more about our debt collection services in Cyprus? Get hold of us for the cost-free session.
The debtor’s belongings may be frozen ahead of the judgment concern by making use of some steps following the assert was registered into the courtroom but only under some Unique conditions. The immovable and movable Qualities can be A part of the Exclusive seizure.
These safeguards guarantee a systematic tactic in the direction of debt Restoration in Cyprus, putting a equilibrium concerning productive debt collection and safety of buyer legal rights from unjust collection techniques.