The cyprus law firm Diaries
The cyprus law firm Diaries
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If a debtor is insolvent, creditors may perhaps initiate bankruptcy proceedings, most likely resulting in the liquidation of assets to fulfill debts.
Debt collection in Cyprus often begins while in the extrajudicial section in which we send out your debtor tailored demand from customers letters and speak to them by phone. If your debtor disputes the claim or fails to respond, then we can move forward by having authorized motion in consultation along with you.
considering that we operate with legal professionals in Cyprus, we are able to carry out all communication with all your debtor in Cypriot language. This raises the likelihood of payment even further.
Writ of Movables/Immovables This phase pertains to the attachment of the judgement to movables or immovable house and requesting their sale.
They usually provide sound functional and cost-effective advice in the pleasant way. We hugely recommend the firm for any kind of authorized assignment.
We usually satisfy the consumer/creditor in person or in some cases by speaking through phone or online by using emails or skype.
frequently, a simple dialogue might help explain misunderstandings and expedite debt resolution. When reaching out, it’s necessary to:
Our desire is to gather your claim without having court docket intervention. thus, we generally begin a collection while in the amicable stage. If this has no influence, then We are going to focus on your judicial possibilities with you. We won't ever intiate court docket proceedings without having your express consent.
Antonis Paschalides & Co LLC law firm has been our exterior counsels for our company action in Cyprus for the last five yrs. We talk to them on many various assignments (corporate matters, Opposition legislation, work law issues, marketing law, mental assets here legislation etc).
In accordance with situation legislation, any quantities paid out to the legal professionals as Component of the debt collection in Cyprus (furnished they are fair) is usually recovered as damages in the debtor in addition to any from the amounts because of.
We recognise that late payment is a standard challenge faced by companies in Cyprus, Which earlier due accounts and defaulted payments can have a big impact on the monetary pursuits and profits of a company.
A debt collection agency can care for recovering your money. Our aim is to make certain that our clientele receive the things they are entitled to as rapidly as feasible.
Our specialists and legal professionals generally do their utmost to be certain to collect your declare as quickly and proficiently as is possible. We usually Be sure to Supply you with genuine and practical tips that can supply you the very best results.
courtroom proceedings are generally the last vacation resort In relation to debt collection in Cyprus, plus they occur when no other Resolution is remaining.
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