Fascination About debt collection cyprus
Fascination About debt collection cyprus
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gentle communication will consist of an Original simply call on the debtor so that you can assess his willingness to settle the situation. Please Observe that we observe Guidance from our customers previous to settling any situation.
SCORDIS, PAPAPETROU & Co LLC is really a dynamic and foremost legislation firm in Cyprus whose roots date from 1922. Today it has in excess of 30 specialised lawyers and is also renowned for its sturdy international company and dispute resolution apply and knowledge.
If we are unable to Get better the fascination and fees from your debtor, then these are going to be A part of the price. If you decide to consider lawful motion towards your debtor, then we shift to an hourly or fastened price. We do not need any hidden expenses and will very first seek the advice of you prior to proceeding with any motion.
To implement payment with the dues, the debtor needs to be judged by a licensed Court. A charge have to be paid out for issuing the situation for the courtroom. The value of it really click here is regulated by the business Registrar based on the court laws.
This evaluation decides the technique that may be utilised on behalf with the consumer in the collection course of action.
mail a well mannered reminder in your debtor, gently prompting them regarding their monetary obligation. This reminder should really:
submitting a lawsuit versus the debtor is the final step in our Cyprus debt collection technique previous to initiating execution on the judgement to the quantities thanks.
In the event your debtor in Cyprus persistently refuses to pay, there is absolutely no preference but to initiate authorized proceedings. How this is performed in Cyprus depends upon the quantity of the declare.
the trouble of late or simply non payment has attained Cyprus not simply on a local company amount but also about the transactions of overseas nationals by way of Cyprus businesses.
The creditors can not deliver a notification that appears like Formal paperwork, are not able to give Untrue information and facts regarding the debtor to other businesses or use a Bogus firm identify.
We recognise that late payment is a common issue faced by corporations in Cyprus, and that previous owing accounts and defaulted payments might have a major influence on the economical passions and income of a business.
We're going to usually Get in touch with your debtor by sending an First demand letter, which we also follow up having a cellular phone call. this way we avoid any kind of miscommunication. Our strategy is usually firm and respectful, and also you will always be knowledgeable of the standing of your respective case.
The debt collection approach is often elaborate and challenging for anyone new to it. Our group of experts is below to assist you realize the process and navigate it easily. Get absolutely free pro assistance in your precise case, supplied by our workforce of experienced experts.
like a creditor, we nonetheless have a strong leverage Device at our disposal In case your debtor actually refuses to pay for: a personal bankruptcy petition. In Cyprus it can be done to file for personal bankruptcy of your debtor if they don't spend.
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