We provide debt recovery and terrible debt recovery remedies to our clients for that Restoration in their dollars and property. Our seasoned team of pros can help With all the recovery of the debt because of, the fascination and also damages and expenditures incurred.

Our law firm specialises in handling both commercial and private debts, and understands the importance of retaining a professional technique in debt collection to preserve the connection among our purchasers and their debtors.

Debt collection agencies, for example Debitura, Perform an important part in facilitating amicable debt Restoration in Cyprus. By leveraging their experience and methods, these companies initiate the recovery approach by means of adept identification of debts and debtor situation, subsequent up with strategic communication makes an attempt.

To implement payment in the dues, the debtor has to be judged by a licensed court docket. A price must be compensated for issuing the situation for the court. The value of it's controlled by the Company Registrar in accordance with the court docket regulations.

in the long run, it is actually your decision irrespective of whether you need to move forward with authorized motion. If you need to do, our Worldwide debt collection professional will talk about with you the authorized selections accessible and what the legal system will entail.

Debt collection in Cyprus does not have to become an advanced approach. With Bierens by your facet, we will let you conquer the language, cultural and lawful variances that arise when addressing debt collection in Cyprus. As specialists in international debt collection, our gurus can tell you almost everything you should know when coping with cross border collections and overseas debtors to efficiently Recuperate your payments.

one example is, we will make this happen by requesting an get of seizure. In that circumstance, the courtroom appoints a bailiff to seize property from your debtor. it truly is even doable to seize belongings from third get-togethers.

In this guide, we dig deeper into each phase on the debt collection procedure in Cyprus. We have now comprehensive methods to provide, from discovering amicable solutions to initiating bankruptcy proceedings. belief us being by your facet by means of all of it.

Submit Bill Did a client in Cyprus not spend the invoice? Did you lend revenue you in no way got back? Or do there is a harm assert around the island? Collecting exceptional debt in Cyprus discourages several creditors because it is complex and time-consuming.

We are going to always give you information ahead of time concerning the probability of accomplishment within your debt Restoration subject. We will even advise you upfront about the prospective charges, and we only commence with the authorization.

We recognise that late payment is a standard issue confronted by companies in Cyprus, Which past due accounts and defaulted payments may have a major effect on the economical interests and earnings of a company.

In such a circumstance we are able to submit an application for a judgement for failure in the debtor to file an physical appearance. ordinarily judgement is issued within just two-three months through the date which the lawsuit is filed.

After pinpointing The difficulty and, hence, advising the shopper concerning the simplest way possible to far more check here ahead and the treatments involved, under the presented situation, We are going to then seek out to determine just as much as possible with regard to the debtor and his money trustworthiness.

whether or not they are able to get the job done with collection companies, It's also prevalent to utilize the expert services of attorneys in Cyprus who can offer tailored support in accordance with the provisions on the Civil Code.