The 2-Minute Rule for debt collection cyprus

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Collection business can take treatment of the whole collection method, with the amicable period towards the extrajudicial section. For this reason, we operate along with a network of bailiffs and legal professionals in Cyprus.

Practically ninety five% of your cases that we remedy, could be gathered with no court intervention. nevertheless, In the event your debtor in Cyprus continue to doesn't fork out, then we can easily initiate lawful proceedings.

Crucial to That is consciousness of Cyprus's statute of limitations which, in accordance with the Limitation of steps legislation (sixty six(I)/2012), generally imposes a six-calendar year time period for initiating most civil steps, with some varieties of promises getting unique intervals. This period really should be seen along with:

Chambers & Co has intensive expertise in taking care of cross-border debt collection instances. We collaborate with Intercontinental companions to be certain a clean and helpful recovery course of action for our purchasers.

This evaluation establishes the strategy that will be used on behalf of your customer over the collection method.

Whilst Cyprus companies do provide significant security as to one's anonymity it is necessary for afflicted parties to know that Cyprus regulation delivers defense to creditors and anyone are unable to basically "hide" powering a Cyprus corporation.

It should be famous that the court can enforce the freezing from the debtor’s bank account and even to situation an buy against any immovable property the debtor has.

irrespective of whether you decide on to refer to us in both the extrajudicial or judicial debt collection phases in Cyprus or overseas, our Office environment is Prepared To help you.

no matter if it considerations unpaid invoices or other statements in Cyprus, we understand how to acquire your hard earned money. To accomplish this, we use our very carefully assembled network of Lawyers and bailiffs in Cyprus.

nonetheless, If your debtor is unwilling or not able to pay, the next move would be to progress lawfully as a creditor. In Cyprus, a permit is not really needed to perform debt collection pursuits, but it is vital to be familiar with the authorized procedures and restrictions.

different dispute resolution mechanisms, for example mediation and arbitration, also are out there in Cyprus. These might be a faster click here and fewer official solution to take care of disputes and recover unpaid debts.

George Y. Yiangou LLC may well aid and act on behalf of our clientele with discretion, professionalism and sensitivity on any debt collection matter in Cyprus.

When handling debt collection in Cyprus, it is possible to count on Bierens. although our gurus find the answer you would like, it is possible to resume small business as regular. We will let you with the following situations:

Furthermore, numerous collection agencies only cope with extrajudicial collection. Should the amicable section fails, you'll need to uncover an attorney in Cyprus oneself to initiate legal proceedings.

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