5 Simple Techniques For debt collection cyprus
5 Simple Techniques For debt collection cyprus
Blog Article
submitting an Appearance The debtor has ten days to file an visual appearance. There are many scenarios for the duration of this Element of the debt collection approach in Cyprus the debtor will never file an appearance.
Legal Consultation if needed: should really amicable resolution verify unfruitful, we provide a few competitive offers from nearby regulation firms, empowering you to create informed selections about legal motion.
On top of that our Law Firm is able to carry an action in advance of any court when the situations need it.
Our priority would be that the debt is gathered in essentially the most time successful way and While using the the very least costs doable. We thus request to prevent litigation wherever possible. in several circumstances, we will acquire the debt within few weeks by simply sending a letter of desire, through which we assert the amount owed to our shopper.
This facts would not constitute lawful guidance. for your free, confidential consultation that has a specialist During this location you may Call us to arrange an appointment by mobile phone or electronic mail.
each individual scenario depends on its possess details; even so, our knowledge demonstrates that The most crucial aspects are persistence and timing.
A lawsuit will likely be geared up by our workforce of lawyers in Cyprus who'll then website ask for the client to assessment it. The assertion of declare will contain all quantities thanks along with the charges paid through the client to the debt collection treatment
The collection organizations and legislation firms in Cyprus may also guide the creditors through the trials in opposition to the debtors.
Submit invoice Did a client in Cyprus not spend the invoice? Did you lend cash that you never ever acquired again? Or do you have a destruction declare within the island? amassing outstanding debt in Cyprus discourages quite a few creditors since it is intricate and time-consuming.
To extend the statute of restrictions, the creditor must post a corresponding software towards the courtroom before initiating a declare. The limitation period could be interrupted in cases where by the debtor acknowledged the debt in writing or compensated a minimum of fifty% of the debt amount of money, which includes accrued fascination.
We have been working with Antonis Paschalides & Co LLC law firm for more than forty several years now on many various jobs (reviewing of contracts, company matters, employment law concerns, representation just before the eu courtroom of Justice around the Cyprus bail in instances just to name a few).
Should your debtor fall short to reply, then our specialists and lawyers can supply you with an envisioned end result or study course of motion inside four months. If legal proceedings are essential, the debt collection procedure will take more time. The length depends upon the authorized proceedings and if the debtor raises a defence.
Antonis Paschalides & Co LLC has usually represented the major banking establishments of Cyprus in collection in their neighborhood debts and it has lately been engaged by several overseas purchasers wishing to gather from Cyprus primarily based persons or businesses.
prior to forwarding the issue to an authorized court, there'll be tries to solve the debt collection in Cyprus as a result of out-of-court negotiations.
Report this page