comfortable communication will contain an Preliminary call towards the debtor so that you can assess his willingness to settle the case. Please Observe that we adhere to Directions from our clients just before settling any situation.

SCORDIS, PAPAPETROU & Co LLC is often a dynamic and major regulation firm in Cyprus whose roots day from 1922. right now it has in excess of thirty specialized legal professionals and is particularly renowned for its robust Intercontinental corporate and dispute resolution observe and experience.

In case all initiatives to conclude the debt collection in Cyprus through negotiation usually do not provide the effects We're going to then move forward with the following stage which would be to deliver a letter of demand from customers on behalf of our purchasers.

When to Escalate: Transition to judicial proceedings needs to be deemed when amicable efforts fall short or statutory limits approach.

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We cooperate which has a network of Experienced and responsible Law Firms in these areas with the judicial debt collections.

Our Intercontinental debt collection attorneys have substantial working experience and expertise in laws and laws in Cyprus. We make certain to have your debtor approached by cellular phone As well as in composing in Greek or Turkish.

This structured strategy in the Cypriot civil courtroom method ensures that authorized matters are handled with effectiveness and precision, delivering a sturdy framework to the adjudication of disputes, which includes These pertaining to debt collection.

post Bill Did a shopper in Cyprus not pay back the Bill? Did you lend revenue which you never ever received back? Or do you've got a harm declare to the island? accumulating fantastic debt in Cyprus discourages a lot of creditors because it is difficult and time-consuming.

When addressing debt collection in Cyprus, you could depend on Bierens. While our industry experts come across the answer you may need, it is possible to resume company as standard. We will help you with the subsequent scenarios:

the common time for casual out-of-courtroom collection is as many as 60 times (other than in conditions the place an installment program for debt repayment has actually been arranged).

A further forbidden motion would be that the creditor cannot obtain far more debit than it purported to, besides the situation wherever the condition regulation supplies so.

In Cyprus, debt recovery necessitates navigating via an intricate legal framework. Adherence to these laws fosters successful debt recovery and upholds good techniques, which might be important for protecting trustworthiness in business enterprise dealings.

a simple way to website collect the debt is with the mediation, and that is a versatile and private procedure which can help the events to search out their common ground and operate in direction of resolving their dispute by arrangement. As a type of Alternative Dispute Resolution mediation is becoming increasingly well known.