Our preference is to collect your claim with no courtroom intervention. consequently, we normally begin a collection from the amicable period. If this has no result, then we commence with court motion. even so, we always do so in consultation along with you to start with.
Payment claims in Cyprus Have a very limitation time period that differs when compared to other international locations. you will discover, however, several approaches to interrupt this limitation time period. For more details, it's best to contact our professionals.
commencing a debt collection in Cyprus is speedy and straightforward. you'll be able to add your assert by means of our on the net transfer type. All it's essential to do is enter some details on the organisation, your debtor’s organization and applicable documentation or invoices. you are able to then add your situation through a safe network listed here.
Before initiating legal motion, it is best to pay attention for the statute of constraints. The statute of constraints law sets 6 yrs for bringing statements from the date the debt arose. it ought to be borne in mind that the court has the appropriate to increase this period to two several years if it considers it reasonable supplied the instances of the situation.
A courtroom judgment in Cyprus immediately has an enforceable standing. as soon as the courtroom has built a ruling, we can easily quickly execute the judgment.
It is important to mention, at this time, that throughout the courtroom proceedings, there is usually a risk of settlement, without the want to achieve the ultimate courtroom phase, namely the hearing of the case.
buying lawful advice is usually recommended for both equally creditors and debtors linked to Cypriot debt collection situations to navigate lawful complexities. Get hold of our attorneys for legal assist.
The extremely starting point we get is to carry a gathering or possibly a convention phone Together with the customer, depending on the availability from the shopper, to discuss the situation, evaluation and look at all vital documentation and see what lawful options are offered underneath the offered circumstances.
An unconditional courtroom purchase through the judicial debt collection course of action, more info along with the debtor's solvency, empowers bailiffs to implement your claim by means of asset seizure/wage attachment. Insolvency proceedings continue to be the final vacation resort for debt recovery in Cyprus in the event the debtor is insolvent.
We'll generally present you with info beforehand regarding the probability of achievements as part of your debt recovery matter. We may even advise you upfront with regards to the opportunity charges, and we only progress together with your authorization.
This suggests discovering out just as much as feasible about the debtor and about his financial position. Then, our attorneys in Cyprus will produce a letter of claim and mail it towards the debtor, summoning her or him to acquit the debt inside a specific time period, ordinarily of 7 to ten days.
A debt collection company can handle recovering your cash. Our intention is to ensure that our purchasers obtain whatever they are entitled to as promptly as feasible.
Antonis Paschalides & Co LLC has historically represented the most important banking institutions of Cyprus in collection in their neighborhood debts and has lately been engaged by several international clientele wishing to collect from Cyprus based people today or corporations.
It’s forbidden for just a collector to make use of abusive language, to generate general public an inventory Together with the debtors (Despite the fact that he can provide this information to other companies) or to harass the debtor with quite a few phone calls.