In case the consumer decides to difficulty court docket proceedings in opposition to the debtor after all other attempts have failed, in a few days We are going to file the assert within the court docket.

If a loading purchase about the immovable assets from the debtor has been recorded Along with the Land Registry, a sale of it might be requested if it’s important to include the debtor’s dues.

We will usually contact your debtor by sending an First need letter and also a cellphone contact. by doing this we keep away from any method of miscommunication. Our solution is always firm and respectful, and you will almost always be knowledgeable of the status within your circumstance.

Bierens is really a hugely efficient and Specialist lover. Not only have they got a superb debt collection procedure, In addition they give good tips

once the creditor is handling many debtors, we make use of a specialist application made to monitor the Cyprus debt collection approach. If the creditor so wishes, our specialist software package may be related Together with the database with the creditor so that the creditor is continually educated about the procedure and at what stage (of your levels talked about below) the debt accumulating method is at.

At D. Hadjinestoros & Co LLC We now have an exceedingly substantial accomplishment charge in debt collection as we follow up consistently around the debtor using all lawful channels and indicates of conversation.

frequently, a simple conversation will website help explain misunderstandings and expedite debt resolution. When achieving out, it’s necessary to:

If payment just isn't designed in the course of these 3 weeks, we send a closing reminder. During this message, we advise your debtor that legal steps are inescapable if they don't fork out. We help it become distinct that there'll be sizeable costs related to this for them.

Antonis Paschalides & Co LLC regulation firm has long been our external counsels for our organization exercise in Cyprus for the final five many years. We talk to them on a number of tasks (corporate matters, Level of competition law, employment legislation concerns, promoting legislation, intellectual assets regulation and so on).

the prospect for a successful Restoration is determined by the character of the debt collection scenario. 95% of the instances that we solve are correctly accomplished so over a No remedy No pay back foundation.

From simple debt collection circumstances to complex lawful issues, from tiny organizations to multinationals throughout distinct industries, our professionals have assisted above 24.

We will generally Get hold of your debtor by sending an Original demand letter, which we also comply with up having a cellphone call. this way we steer clear of any sort of miscommunication. Our tactic is often firm and respectful, so you will almost always be informed with the position of your circumstance.

The debt collection procedure can be complicated and challenging for people new to it. Our crew of professionals is here to help you recognize the method and navigate it without difficulty. Get totally free expert tips on the particular scenario, provided by our team of knowledgeable industry experts.

Cyprus Civil method Law: Governs the submitting of lawsuits, assistance of writs, as well as the judicial system for debt collection, establishing the groundwork for legal actions towards debtors.