Does your company have to deal with a debt collection case in Cyprus since a Greek or Turkish purchaser does not shell out your invoice? Our debt collection professionals and Lawyers will be satisfied that may help you. We be sure that your superb invoice is compensated quickly.

Following the complete evaluation of arguments and evidences from both equally parties in the Listening to, the Cypriot court renders its determination. The judgment may possibly culminate while in the approval on the bankruptcy petition, dismissal in the petition, or advice of alternative resolution methods.

We operate as well as our purchasers and prudently evaluate the dangers and the requires of each personal case aiming to build and connect a clear method for speedy and successful collection from the debts.

The simplified treatment is applicable to situations wherein, in the belief in the court, the plaintiff has no genuine prospect of achievement in the situation or perhaps the defendant has no genuine prospect of efficiently defending towards the assert. Simplified conclusions are created with no litigation.

Furthermore, several collection businesses only deal with extrajudicial collection. Should the amicable phase fails, you will need to locate a attorney in Cyprus oneself to initiate authorized proceedings.

Creditor promises: Creditors must lodge promises in a established deadline; options include things like retainment of goods or asset valuation.

Collection business takes treatment of the whole collection procedure, from the amicable stage to the extrajudicial section. For this goal, we work together with a community of bailiffs and attorneys in Cyprus.

With our in-household debt collection Restoration methods, we can easily provide our shoppers with precise and important help or advice. We divide debt collection into two key phases: extrajudicial debt collection and judicial debt collection.

According to Cypriot law, It's not at all required to hire an attorney to file a lawsuit from here your debtor, neither is it necessary to have a lawyer depict you over the lawful proceedings.

An in-depth comprehension of the possible fees and time frames connected with debt enforcement empowers creditors to create considered decisions concerning the pursuit of exceptional debts, meticulously weighing the prospective customers of thriving recovery in opposition to the requisites of financial and temporal investments.

Our Global debt collection Lawyers have comprehensive practical experience and expertise in laws and laws in Cyprus. We make certain to get your debtor approached by cellular phone and in writing in Greek or Turkish.

Securing a Judgment: publish-declare lodging, the timeline for attaining a judgment can lengthen from several months to likely in excess of a year, particularly in situations the place the declare faces contestation or necessitates elaborate testimonials and proof.

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Adding late expenses and desire can motivate timely payments and compensate for virtually any delays. be certain that: