Little Known Facts About debt collection cyprus.
Little Known Facts About debt collection cyprus.
Blog Article
Of course, nobody wants to go bankrupt. Our knowledge would be that the debtor instantly finds a means to pay back the moment a bankruptcy petition is submitted.
These come with their own personal set of intricate problems. one example is, many of the questions that are very important to take into consideration are:
course of action for Debt Collection in Cyprus In Cyprus, debt collection in relation to industrial transactions presents the creditor with computerized entitlements. This relies on Directive 2011/seven/EU on combating late payment in commercial transactions which delivers for the subsequent:
propose various methods that help them pay the amounts because of in a number of installments, and so avoid a higher money burden.
The length of legal proceedings in Cyprus is dependent upon the complexity within your situation and if your debtor raises a defence.
We cooperate using a community of Experienced and trustworthy legislation Firms in all these places for your judicial debt collections.
attaining authorized advice is suggested for both equally creditors and debtors involved in Cypriot debt collection scenarios to navigate lawful complexities. Speak to our lawyers for legal assist.
If you click here need help in debt collection in Cyprus, we strongly propose our products and services. With a long time of encounter in civil regulation issues, our attorneys can help nearby and overseas organizations to Get better superb debts from their clients and clientele. We are also in the disposal of those who need to have other legal companies.
in the framework of the treatment, it is achievable to judicially terminate fraudulent/fictitious transactions from the debtor targeted at withdrawing their belongings as a way to avoid debt repayment in the forced sale of these types of assets.
Given that if reaching courtroom proceedings, a choose can dispose to the because of amounts for being withheld straight from the debtor’s banking account, achieving an amicable settlement is commonly the selected route.
When the decide tends to make a ruling, the lawful expenses from the successful party are typically awarded towards the shedding celebration. These expenditures may be gathered together with the initial debt, one example is by way of seizure of assets.
We're going to constantly Make contact with your debtor by sending an Preliminary desire letter, which we also comply with up which has a cellular phone phone. this way we avoid any form of miscommunication. Our tactic is always firm and respectful, and you simply will almost always be informed with the position of the case.
In instances wherever the debtor has no belongings for seizure, take into account submitting for individual bankruptcy. If the debtor is already bankrupt, post your assert immediately for verification.
Anastasios specialises in company law matters, insurance coverage legislation and debt collection. Moreover he has huge information in e-funds and payment products and services laws.
Report this page