Our desire is to gather your assert without having court intervention. for that reason, we normally begin a collection in the amicable phase. If this has no impact, then we proceed with court docket motion. nonetheless, we usually do so in consultation with you first.
SCORDIS, PAPAPETROU & Co LLC is often a dynamic and top law firm in Cyprus whose roots date from 1922. now it's got much more than thirty specialized attorneys which is renowned for its strong international corporate and dispute resolution practice and skills.
In this particular guideline, we dig further into each phase in the debt collection process in Cyprus. We've detailed methods to provide, from locating amicable methods to initiating individual bankruptcy proceedings. believe in us for being by your side by means of it all.
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This information and facts isn't going to constitute authorized tips. to get a absolutely free, private consultation using a expert With this region you are able to Make check here contact with us to arrange an appointment by cell phone or email.
To involve a bailiff in Cyprus, it's critical 1st to protected a authorized judgment or get demanding the debtor to meet their economic obligations. on getting such an purchase, bailiffs undertake a number of jobs including the shipping and delivery of lawful documents to debtors, confiscation of property to fulfill the debt, and negotiation of payment programs in accordance with courtroom directives.
The creditor can be permitted to Get well any lawful costs compensated to their lawyer for sending a letter of demand and also the fees of submitting a lawsuit if that is certainly productive.
Because the debt collection professional or lawyer assigned in your scenario is familiar with the neighborhood lifestyle and organization customs, we can deploy a customised strategy that's well suited for sustaining a powerful business marriage with your investing partner. When transferring your situation, you can constantly produce a Take note of the.
Debtors frequently have a letter of claim coming from an attorney extra critically than any letters from your creditors by themselves. Many debtors want in order to avoid lawful proceedings versus them and may be ready to settle from Court their money obligations.
little by little, we boost the force by means of cellular phone calls, SMS or WhatsApp messages, and emails. We keep on this until eventually the superb Bill is paid out. in a very period of three weeks, there will be a highest of 16 times of Speak to.
in the event the decide tends to make a ruling, the legal prices of your profitable occasion are typically awarded to the dropping bash. These expenditures may be collected together with the initial debt, for example by seizure of belongings.
over the extrajudicial stage, we function depending on a contingency cost. Which means our charge is directly proportional to the amount we Get better. We also intention to Recuperate the desire and collection costs out of your debtor as much as you possibly can to be able To maximise your earnings.
Do you do have a debt collection situation in Cyprus? be sure to go away your Call facts and one of our specialists can get in contact with you without delay to debate your situation.
A subpoena for confiscation and sale in the surety’s movable residence can be emitted. The surety’s movable assets has to be Portion of community auctions.