comfortable interaction will involve an Original simply call towards the debtor as a way to assess his willingness to settle the situation. make sure you note that we follow Guidance from our purchasers prior to settling any situation.
If the amount owed is just not compensated, we ship a person ultimate reminder. With this letter, we advise your debtor that They are going to be taken to court if payment just isn't been given by the specified date.
starting off a debt collection in Cyprus is rapidly and straightforward. you may add your claim through our on-line transfer form. All you should do is enter some information in your organisation, your debtor’s enterprise and appropriate documentation or invoices. You can then upload your circumstance by way of a protected community listed here.
Recourse for Unfair procedures: shoppers can seek lawful guidance or file problems with related authorities whenever they feel a debt collector violates their legal rights.
even so, occasionally, it's a good idea to hunt legal help from an attorney, particularly when the stakes are substantial. that is definitely why Collection Company collaborates with best legal professionals in Cyprus.
every single circumstance depends upon its own specifics; nevertheless, our working experience shows that The most crucial elements are persistence and timing.
For example, we could do this by requesting an get of seizure. In that situation, the court docket appoints a bailiff to seize property from a debtor. It is even achievable to seize property from 3rd get-togethers.
Our attorneys have intensive expertise representing banking companies as well as other economic institutions in debt Restoration matters, making certain the efficient enforcement in their legal rights along with the Restoration of superb debts.
The lawful technique in Cyprus is predicated around the frequent law procedure, Together with the Supreme Court being the highest court of enchantment. The court docket system for debt collection is usually lengthy and dear, but it is a vital step for creditors with unpaid, uncontested promises.
Our precedence would be that the debt is collected in one of the most time efficient way and Together with the minimum charges attainable. We hence look for to prevent litigation wherever attainable. In many cases We're going to acquire the debt inside just months by just sending a straightforward letter of claim.
We are devoted to resolving your debt collection in Cyprus as immediately as you can. when you have submitted your case, we will do anything we can to Get in touch with your debtor in Cyprus. We make sure to obtain your debtor approached by mobile phone and in writing in Greek or Turkish.
The courtroom sends a summons in your debtor. This is certainly an Formal get in touch with to look prior to the court docket. Your debtor has the chance to file a protection from the claim inside fourteen days. as being a creditor, you then have 7 times to reply.
Supreme Court: in the apex of the courtroom hierarchy stands read more the Supreme courtroom of Cyprus. It capabilities as both of those an appellate court for decrease courtroom selections as well as a courtroom of initially instance for constitutional and administrative legislation instances. This courtroom makes sure the uniform software and interpretation of legislation all through Cyprus.
Our attorneys, with above 27 yrs of practical experience in debtor-creditor challenges and business debt collections, are committed to delivering a focused and value-effective tactic from the Restoration of all measurements of business debt.