A Simple Key For cyprus law firm Unveiled
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conversation While using the debtor starts right away just after sending the notification by mail, e mail, telephone or prompt messengers.
If a loading purchase above the immovable property with the debtor has become recorded Along with the Land Registry, a sale of it may be requested if it’s necessary to deal with the debtor’s dues.
If we are not able to recover the fascination and fees from the debtor, then these will be A part of the fee. if you choose to take legal motion towards your debtor, then we move to an hourly or set cost. We don't have any hidden expenses and can initial talk to you before continuing with any more info action.
Writ of Movables/Immovables This step pertains to the attachment with the judgement to movables or immovable house and requesting their sale.
We also realize that the Coronavirus could have designed a back log of debts, a few of that are legitimate scenarios of lack of ability to pay, even though Several other instances relate to strategic conduct by the Debtors not to pay for their debts.
A company in a very debt recovery scenario will have to seek out A fast and productive resolution prior to it adversely has an effect on business enterprise processes.
setting up a debt collection in Cyprus is speedy and simple. you could upload your claim through our on-line transfer type. All you must do is enter some particulars in your organisation, your debtor’s corporation and applicable documentation or invoices. it is possible to then upload your scenario through a safe network right here.
no matter whether you end up picking to refer to us in both the extrajudicial or judicial debt collection phases in Cyprus or overseas, our Place of work is All set to assist you.
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If we don't acquire, Then you really pay no cost. if you choose to consider legal action from your debtor, then we go to an hourly or fixed payment. We don't have any hidden prices and may generally check with you in advance of proceeding with almost any lawful motion.
In Cyprus, the limitation period for claims is six several years within the day of the final payment or acknowledgement from the debt. It is important for creditors to be familiar with this time period and get motion throughout the limitation interval to Get well the debt.
would you need to know more details on our debt collection providers in Cyprus? Get hold of us for just a cost-free session.
Antonis Paschalides & Co LLC has usually represented the key banking establishments of Cyprus in collection in their nearby debts and it has lately been engaged by quite a few international clientele wishing to collect from Cyprus based mostly folks or companies.
Furthermore, a lot of collection businesses only tackle extrajudicial collection. In the event the amicable phase fails, you will need to come across an attorney in Cyprus oneself to initiate legal proceedings.
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