within our encounter, by this issue, a number of debtors will likely progress with payment from the amounts due. having said that, if the debtor isn't going to adjust to time frames outlined during the letter of demand, our staff of lawyers in Cyprus will carry on with recovering the debt via the authorized route – i.e. the submitting of a lawsuit while in the courts of Cyprus.
all over the procedure, the consumer is saved updated around the position of their owed debts with normal studies, and is offered each of the authorized and administrative assist required to facilitate their condition.
step one is always to send out a letter towards the debtor inquiring that he pays the debt in a specific timeframe (commonly ten times).
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immediately after pinpointing The problem we suggest the customer concerning The easiest method to shift ahead as well as processes concerned. We then seek out to understand as much as is possible concerning the debtor and his monetary trustworthiness.
With our set up nearby presence and extensive community in Cyprus, We now have crafted useful contacts with key stakeholders while in the debt collection field. This permits us to competently navigate the neighborhood landscape, Identify debtors, and expedite the debt Restoration method
We constantly start the debt collection approach using an amicable period, exactly where we send out a reminder for your debtor. We also make Call by telephone.
At Andreas Danos legislation Firm we offer prompt, efficient, straightforward and value-helpful remedies to our clientele for all debt collection desires towards people today and entities. As seasoned Cyprus legal professionals, we proactively assist and act on behalf of our consumers on debt collection issues in Cyprus.
a corporation inside of a debt recovery condition ought to search for a quick and productive resolution in advance of it adversely impacts small business processes.
Our Cyprus attorneys are dedicated to excellence in all parts of service and our services criteria utilize in all scenarios.
In case the debtor refuses to pay even following the issuance of a courtroom judgment from him, we can easily use the next processes as a way to execute the courtroom judgment:
in the event the debtor is a firm our Cyprus debt collection process features managing a look for With all the database with the Registrar of firms in an effort to Track down the registered Business tackle of the business, the names and personal addresses of the Directors in order for us in order to establish Speak to.
In Cyprus, customer legal rights versus unfair debt collection tactics are protected under a variety of regulations, pivoting in the direction of a balanced tactic that respects the rights of equally creditors and debtors.
Our very long affiliation and collaboration using this Committee spots us within an enviable situation as compared to other debt collection businesses, to collect Global debts.