We delight ourselves on featuring genuine and sensible information on how greatest to proceed with debt collection, and run with discretion, professionalism and sensitivity.
organizations stay away from unpaid debts because it is inconvenient and puts their status in danger. It adversely influences funds flow, holds up essential company processes, and will weaken associations with creditors and team.
treatments for debt collection involving functions in different nations around the world are subject matter to international agreements and polices. you will get facts from our legal professionals in this regard.
If the quantity owed isn't paid, we mail 1 closing reminder. In this particular letter, we inform your debtor that They are going to be taken to court if payment will not be received by the required day.
Debtors frequently have a letter of claim coming from a lawyer much more very seriously than any letters with the creditors by themselves. lots of debtors want to avoid lawful proceedings towards them and will be ready to settle outside of Court their economical obligations.
we have been a contemporary boutique Cyprus regulation Firm. We've A prosperous background and we regularly strive to effective illustration of our shoppers. Our brilliant, insightful and intuitive group aims to become with the cutting edge of greatest follow in Cyprus.
In accordance with case law, any amounts paid out towards the attorneys as A part of the debt collection in Cyprus (supplied they are realistic) could be recovered as damages with the debtor Together with any of your amounts because of.
In principle the statute of limits in Cyprus is a decade. This period starts after you get action versus your debtor, by way of example, by sending a reminder or possibly a demand from customers letter.
In case the debtor isn't going to regard her or his economical obligations inside of this timeframe, our lawyers will then attempt to barter with her or him. inside our working experience, there are actually several debtors who'll decide to settle their debts at this stage.
As a world debt collection expert, we cope with numerous varieties of statements in Cyprus. We gather exceptional check here invoices and also payment promises. We could also mediate in rental and buy disputes.
When the debtor refuses to pay even once the issuance of the court docket judgment versus him, we will use the subsequent treatments in order to execute the court docket judgment:
Recourse for Unfair methods: customers can search for legal advice or file problems with appropriate authorities whenever they think a debt collector violates their rights.
Anastasios specialises in corporate regulation issues, insurance coverage regulation and debt collection. Moreover he has wide know-how in e-cash and payment solutions legislation.
Simplify your authorized framework with our 'No remedy, No spend' standardized agreement across all local companions. Ensuring convenience for Intercontinental creditors, we offer a typical debt collection settlement across jurisdictions and local associates.