Collection enterprise can take care of the whole collection process, in the amicable period on the extrajudicial section. For this purpose, we operate together with a community of bailiffs and legal professionals in Cyprus.
The chance for a successful recovery is determined by the nature of your debt collection circumstance. We address 95% of all situations over a contingency basis.
just in case all endeavours to conclude the debt collection in Cyprus through negotiation usually do not bring the final results We are going to then progress with the subsequent phase which is to send out a letter of demand from customers on behalf of our clients.
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processes for debt collection involving functions in various international locations are matter to international agreements and restrictions. you can find details from our lawyers On this regard.
Despite the fact that Cyprus organizations do offer sizeable defense as to 1's anonymity it is necessary for affected events to are aware that Cyprus legislation features security to creditors and someone can't basically "conceal" powering a Cyprus business.
Our associates adhere more info to some clear and standardized debt collection arrangement, streamlining your lawful framework throughout jurisdictions and partners.
If payment isn't designed through these three weeks, we send a ultimate reminder. Within this information, we inform your debtor that authorized steps are unavoidable if they don't fork out. We make it very clear that there will be significant costs linked to this for them.
In particular situations, creditors might discover debt restructuring possibilities, allowing for debtors to repay in installments or underneath modified conditions.
pleasure in the creditor’s needs in the process of forced execution is carried out in the seizure of cash and their compose-off, seizure of home with subsequent sale.
We recognise that late payment is a typical concern confronted by corporations in Cyprus, and that previous because of accounts and defaulted payments may have a substantial influence on the financial interests and earnings of a company.
This is a legitimate and enforceable judgment that is approved in almost any Member point out (except Denmark). the ecu get for Payment is never appropriate for disputed matters (so not in scenarios wherever You can find an argument concerning the Bill). the benefit of this method are speed and low costs.
Cyprus’ overall economy is produced of various types of companies As outlined by their sizing, but in addition of differing kinds of customers. This is often why when handling debt Restoration, the primary aspect to look at is the sort of customer which includes didn't satisfy his/her monetary obligations after which you can determine the tactic to Recuperate the remarkable amount of cash.
We purpose to provide value for all our clients and welcome responses on any element of the company we provide.