Interaction Using the debtor starts promptly following sending the notification by mail, e-mail, phone or fast messengers.
SCORDIS, PAPAPETROU & Co LLC is a dynamic and top legislation firm in Cyprus whose roots day from 1922. these days it's got over 30 specialised attorneys and is also renowned for its robust Intercontinental corporate and dispute resolution follow and skills.
Also our regulation Firm is able to bring an motion in advance of any court docket when the situations require it.
Failure to answer the attempts of contact within the creditor, recovery company, or law firm will often bring about the latter filing for the courtroom get from the because of quantity is obtained.
They constantly give sound practical and cost-effective information in a pleasant method. We highly advocate the firm for any type of lawful assignment.
On top of that, certain limitation intervals apply to sure issues. For promises relevant to contract perform, There exists a limitation period of six several years.
Filing a lawsuit from the debtor is the final step within our Cyprus debt collection treatment before initiating execution with the judgement with the amounts thanks.
If pre-authorized initiatives are unsuccessful, our qualified lawyers can initiate authorized proceedings towards the debtor, which include obtaining judgments and implementing courtroom orders to Get well the debt.
The legal technique in Cyprus relies within the here prevalent regulation method, While using the Supreme courtroom getting the highest court of enchantment. The court system for debt collection is usually prolonged and dear, however it is a important stage for creditors with unpaid, uncontested claims.
Interim actions in Cyprus A lawful circumstance normally takes months to solve. naturally, we don’t want your debtor to implement that point to hide their belongings, leaving absolutely nothing to gather after the court docket will make a ruling.
The amicable route offers numerous strengths for all functions involved. Creditors circumvent the significant bills related to lawful proceedings and simultaneously protect priceless enterprise interactions, because of the method’s cordial character.
expenses and charges: Administrative costs commence from €185 for initiating the collection approach, with added costs based on circumstance complexity.
The debt collection method might be complicated and challenging for anyone new to it. Our crew of authorities is listed here that can assist you have an understanding of the procedure and navigate it effortlessly. Get free of charge pro information on the particular case, furnished by our staff of seasoned professionals.
ahead of forwarding The problem to a licensed courtroom, there will be attempts to solve the debt collection in Cyprus by way of out-of-court negotiations.