The best Side of cyprus law firm

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Collection organization normally takes treatment of the entire collection method, in the amicable period towards the extrajudicial stage. For this function, we work along with a network of bailiffs and attorneys in Cyprus.

the prospect for An effective recovery depends upon the nature of the debt collection situation. We address 95% of all conditions over a contingency foundation.

If we are not able to Get well the interest and prices from the debtor, then these will probably be A part of the rate. If you decide to get legal action against your debtor, then we shift to an hourly or fastened rate. We do not need any hidden expenses and may initial consult with you right before proceeding with any motion.

We tackle all from courtroom situations with a No Cure No pay out foundation, also for debt collection in Cyprus. The commencing price is €185,- for administrative expenses. We goal to recover the principal quantity like desire and prices from your debtor.

If your amicable method fails, escalate the make a difference by lawful proceedings to get a court judgment, essential for debt enforcement.

Cypriot debt collections may be effectuated not only In the nation, but overseas, too. Therefore, While a debt was designed in Cyprus, In case the debtor moved out of your country at a afterwards day, a court motion could possibly be submitted after which the debt repayment might be enforced during the debtor’s region of home.

Simplify your authorized framework with our 'No treatment, No spend' standardized settlement throughout all community associates. guaranteeing comfort for international creditors, we offer a normal debt collection settlement throughout jurisdictions and native partners.

Cyprus is a celebration to Global treaties facilitating the recognition and enforcement of foreign judgments for cross-border debt collection. 

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When addressing debt collection in Cyprus, it is possible to depend click here on Bierens. though our authorities find the solution you may need, you'll be able to resume business as common. We can assist you with the next scenarios:

if the decide makes a ruling, the authorized prices of your profitable occasion are usually awarded for the shedding celebration. These costs might be gathered along with the original debt, by way of example by means of seizure of property.

The court sends a summons to the debtor. This is often an Formal contact to look ahead of the courtroom. Your debtor has the opportunity to file a defense from the declare inside fourteen days. As a creditor, you then have seven days to reply.

Also, the credit rating collector simply cannot use Fake statements in its tries to Get better the dues or working with One more id. Accusations of any kind cannot be tackled towards the debtor.

By Functioning intently with our customers, we aim to expedite the process and safe payment of the debt promptly or pursue a judgement to recover payment.

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