inside our expertise, by this level, numerous debtors will likely carry on with payment from the amounts owing. having said that, In the event the debtor does not adjust to time frames outlined within the letter of desire, our team of lawyers in Cyprus will continue with recovering the debt through the authorized route – i.e. the filing of a lawsuit during the courts of Cyprus.
If a loading get around the immovable assets from the debtor has long been recorded While using the Land Registry, a sale of it may be requested if it’s essential to deal with the debtor’s dues.
In conclusion, debt collection in Cyprus may be a complex process, but with a transparent comprehension of the legal procedure and also the techniques associated, creditors can efficiently Get better unpaid debts.
Bierens is really a really powerful and Qualified husband or wife. don't just do they have a very good debt collection process, Additionally they give good information
having said that, occasionally, it really is a good idea to seek authorized guidance from an attorney, specially when the stakes are substantial. that's why Collection corporation collaborates with major attorneys in Cyprus.
there are many more info forbidden tactics during the Cypriot debt collection technique for your debt collector or lawyer to employ in his attempt to find out a debtor to pay its dues.
The debt collection procedure in Cyprus begins with an assessment from the debtor’s solvency, his industry of action, the background of the business, The provision of documentary evidence on the debt, recent court situations and enforcement treatments, and the potential of complicated the debt.
This process consists of sending a payment reminder on our behalf. generally, This is certainly enough to implement payment in the fantastic total.
in the framework of the method, it is feasible to judicially terminate fraudulent/fictitious transactions on the debtor aimed toward withdrawing their assets to be able to stay away from debt repayment in the forced sale of this sort of assets.
In Cyprus, the legal landscape for debt collection is formed by a series of regulations and regulations designed to keep up a stability in between creditors' rights and debtors' protections. This framework not just facilitates successful debt Restoration but additionally makes certain good cure for all events associated.
Our professionals and attorneys always do their utmost to ensure to collect your assert as quickly and competently as you possibly can. We always Be sure to give you honest and simple suggestions that should deliver you the ideal benefits.
Do you need to know more about our debt collection products and services in Cyprus? Speak to us for a free consultation.
you'll be able to follow the correspondence with your debtor in Cyprus through our World-wide-web portal 24/7. Additionally, your caseworker will constantly Make contact with you by telephone or in crafting to keep you knowledgeable about the development of one's debt collection in Cyprus.
By Doing the job closely with our shoppers, we aim to expedite the method and protected payment in the debt quickly or pursue a judgement to Get better payment.