conversation With all the debtor starts instantly immediately after sending the notification by mail, e-mail, telephone or fast messengers.
In accordance with Cypriot legislation, It is far from necessary to rent a lawyer to file a lawsuit against your debtor, neither is it required to have an attorney depict you over the authorized proceedings.
If we are unable to Recuperate the curiosity and expenses out of your debtor, then these will probably be A part of the cost. If you decide to just take legal motion in opposition to your debtor, then we move to an hourly or fastened payment. We would not have any hidden expenditures and will initially more info talk to you ahead of continuing with any action.
Writ of Movables/Immovables This phase pertains to the attachment in the judgement to movables or immovable house and requesting their sale.
A court judgment in Cyprus routinely has an enforceable standing. Once the court docket has produced a ruling, we can easily quickly execute the judgment.
Moreover, unique limitation periods apply to specific issues. For statements relevant to deal do the job, You will find there's limitation period of 6 yrs.
Seized assets could be marketed by means of public auctions, with proceeds utilised to satisfy the outstanding debts in accordance with legal priorities.
If your debtor doesn't have present court docket scenarios or remarkable court docket selections on debt collection, and He's actively engaged in business activities, then it truly is highly recommended to make use of the stage of amicable debt collection.
Legal Consultation if essential: need to amicable resolution confirm unfruitful, we offer a few aggressive offers from area law firms, empowering you to produce knowledgeable choices concerning authorized action.
In accordance with situation law, any quantities paid out towards the lawyers as Component of the debt collection in Cyprus (presented they are sensible) could be recovered as damages in the debtor In combination with any of your amounts due.
In case the amicable section proves to become ineffective and all attempts to recover the debt happen to be fatigued, we might then suggest to progress towards the judicial collection phase. Our principal issue is usually our consumers’ most effective desire, for that reason, ahead of filing any legal actions the case is studied in detail along with the authorized opinion is specified to our clients for his or her thought, outlining the results or the danger aspects of the situation.
There are sure rewards to operate with law firms In terms of debt collection in Cyprus, as these can:
Do there is a debt collection case in Cyprus? be sure to go away your contact facts and one of our specialists will get in contact along with you immediately to debate your case.
We intention to deliver benefit for all our clientele and welcome feedback on any element of the services we provide.