Bankruptcy These purpose at producing the debtor to be bankrupt. This action has sizeable unfavorable outcomes to the debtor including the prohibition to very own checks or grow to be director in businesses.

According to Cypriot legislation, It's not obligatory to rent an attorney to file a lawsuit versus your debtor, nor is it required to have a lawyer signify you over the lawful proceedings.

We'll always Speak to your debtor by sending an First desire letter as well as a phone simply call. using this method we steer clear of any kind of miscommunication. Our strategy is often firm and respectful, and you also will always be educated in the position of one's case.

Our international debt collection lawyers plus your assigned caseworker will help you further and describe anything you have to know for a successful debt collection in Cyprus.

strategies for debt collection involving get-togethers in numerous nations are subject matter to Worldwide agreements and laws. you will get info from our lawyers in this regard. 

There are some forbidden procedures from the Cypriot debt collection procedure for the debt collector or lawyer to employ in his endeavor to find out a debtor to pay for its dues.

The letter sent on the Debtor is prepared by our team of lawyers in Cyprus who have to have the debtor to pay inside of (generally) ten days. The letter is either served on the debtor through a courtroom officer or sent by fax, submit or email.

Our lawyers have considerable practical experience symbolizing banks and also other money establishments in debt Restoration matters, ensuring the productive enforcement of their legal rights as well as Restoration of superb debts.

last but not least, in website instances the place the debtor is insolvent, insolvency proceedings is often initiated. This is a authorized process wherever the debtor’s belongings are liquidated and dispersed among the creditors.

The chance for a successful recovery is determined by the character of your respective debt collection circumstance. ninety five% in the situations that we fix are correctly completed so on a No treatment No pay back basis.

we're dedicated to resolving your debt collection in Cyprus as quickly as is possible. Once you have submitted your situation, we will do everything we are able to to contact your debtor in Cyprus. We make sure to obtain your debtor approached by cellphone and in writing in Greek or Turkish.

you can find certain pros to work with regulation firms when it comes to debt collection in Cyprus, as these can:

Though litigation is viewed as a last vacation resort, our firm includes a team of experienced lawyers who are well-versed in debt collection, from your amicable period to authorized techniques.

These safeguards guarantee a scientific technique to debt Restoration in Cyprus, striking a harmony involving efficient debt collection and safety of customer rights from unjust collection procedures.