The debt collection system in Cyprus may be divided into two phases. in the extrajudicial stage, collection will take location with out Court intervention.
The simplified procedure is applicable to instances in which, from the belief with the court, the plaintiff has no serious prospect of achievements in the case or maybe the defendant has no true prospect of correctly defending against the claim. Simplified decisions are created without having litigation.
Debt collection organizations, like Debitura, Engage in an important part in facilitating amicable debt recovery in Cyprus. By leveraging their knowledge and resources, these companies initiate the Restoration system by adept identification of debts and debtor conditions, next up with strategic interaction makes an attempt.
Debt collection in Cyprus does not have to be a complicated system. With Bierens by your aspect, we will help you triumph over the language, cultural and lawful discrepancies that come up when working with debt collection in Cyprus.
submitting a Defence in the event the debtor documents an physical appearance, then he will even have to file a defence towards the declare.
Also, precise limitation intervals use to sure issues. For claims associated with agreement function, You will find there's limitation duration of 6 a long time.
This could certainly consist of sending need letters, creating cellular phone calls, or even going to the debtor in man or woman. If your debt is uncontested and also the debtor is ready to pay out, This may be a quick and effective strategy to Recuperate the debt.
If your debtor in Cyprus persistently refuses to pay, there's no preference but to initiate lawful proceedings. How This is often done in Cyprus relies on the quantity of the assert.
it truly is solely attainable to rent a Cypriot debt collection agency for debt collection within the island. The difficult aspect is that you'll promptly experience a substantial language barrier if you do not speak Greek or Turkish oneself.
Our special approach to debt collection makes certain that we provide certain information plus a customised strategy that fulfills the person requires of our shoppers, although also decreasing expenses and increasing the amounts that they're in a position to collect.
We have been dealing with Antonis Paschalides & Co LLC law firm for over 40 yrs now on a variety of initiatives (examining of contracts, company matters, work law troubles, representation ahead of the ecu Court of Justice around the Cyprus bail in instances just to name a few).
George Y. Yiangou LLC might help and act on behalf of our purchasers with discretion, professionalism and sensitivity on any debt collection make any difference in Cyprus.
The court expenses rely upon the value on the claim and also the state through which litigation will take place. occasionally, the quantity is fastened, even so, What's more, it relies on litigation course of action. In addition, our own legal service fees are bundled also.
The payment purchase is then sent to the debtor. The debtor has the chance to more info file an objection to your claim. If that does not occur, we will implement the European Payment Order by seizing belongings from a debtor.