Detailed Notes on debt collection cyprus
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functioning globally in the online fiscal solutions sector, we always should experience intricate legal troubles that have to be addressed Intense urgency. We have been Functioning closely with Antonis Paschalides & Co LLC law firm since 2013 and will say they constantly provide thoughtful, complete, and, most importantly, simple authorized advice relating to many different authorized issues.
In line with Cypriot regulation, It's not at all obligatory to hire a lawyer to file a lawsuit versus your debtor, neither is it required to have an attorney stand for you during the legal proceedings.
Crucial to This can be awareness of Cyprus's statute of restrictions which, in accordance with the Limitation of steps legislation (66(I)/2012), usually imposes a six-yr period for initiating most civil steps, with a few forms of statements getting distinct durations. this era ought to be viewed alongside:
We manage all out of court cases on the No treatment No pay back basis, also for debt collection in Cyprus. The beginning fee is €185,- for administrative expenditures. We purpose to recover the principal amount of money which includes desire and expenses out of your debtor.
This information does not constitute legal advice. for just a free of charge, confidential consultation having a specialist in this place you may Get in touch with us to rearrange an appointment by cellular phone or electronic mail.
Listening to immediately after a number of other procedural actions, a date is ready for the hearing where both equally events present their circumstance by way of their witnesses.
Seized belongings can be bought via general public auctions, with proceeds applied to satisfy the outstanding debts in accordance with authorized priorities.
Our debt collection process aims particularly at combating strategic responses of debtors in not paying whatever they owe while in instances in which the debtor is genuinely unable to fork out, we provide a flexible strategy determined by the needs of your client.
lastly, in cases wherever the debtor is insolvent, insolvency proceedings is often initiated. that is a legal process exactly where the debtor’s property are liquidated and dispersed among creditors.
the initial step would be to ship a letter into the debtor asking that he pays the debt in a specific timeframe (generally 10 times).
Debitura will not be a law firm or debt collection agency. as a substitute, we've been a platform that connects you with vetted regional collection agencies and legal professionals around the globe. Leverage our community of five hundred+ regional collection agencies and legal professionals across 183 markets for productive, on-the-floor debt recovery.
A debt collection check here agency can handle recovering your money. Our intention is to ensure that our consumers acquire the things they are entitled to as promptly as is possible.
Do there is a debt collection situation in Cyprus? be sure to depart your Speak to information and one among our professionals will get in touch with you at the earliest opportunity to debate your scenario.
By Doing work closely with our customers, we aim to expedite the process and safe payment with the debt promptly or pursue a judgement to Get better payment.
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