Detailed Notes on debt collection cyprus

We work right for shoppers, but we also assistance intermediaries for example regulation firms or accounting providers.

Legal session if important: must amicable resolution show unfruitful, we provide a few competitive rates from regional legislation firms, empowering you to help make knowledgeable selections regarding legal action.

Insolvency legislation: Details the bankruptcy proceedings and selections for winding up a business, giving pathways for creditors to Get better debts from insolvent entities.

Our Cyprus lawyers are devoted to excellence in all parts of assistance and our service expectations utilize in all instances.

nevertheless, in some instances, it truly is recommended to seek legal aid from a lawyer, especially when the stakes are large. That is why Collection firm collaborates with best attorneys in Cyprus.

we're psyched to announce that our law firm has merged with Haviaras & Philippou L.L.C., a reliable law firm aiming to serve the purchasers of the two firms beneath the name of Haviaras & Philippou L.L.C.

Filing a lawsuit in opposition to the debtor is the ultimate phase in our Cyprus debt collection course of action previous to initiating execution on the judgement with the amounts due.

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Debtors typically have a letter of assert coming from an attorney far more significantly than any letters through the creditors on their own. several debtors want in order to avoid legal proceedings from them and will be ready to settle outside of court docket their economical obligations.

In the function of an undisputed declare between two parties based in EU Member States (besides Denmark), it is possible to begin European Order for Payment proceedings. The lawyer managing your case can assess whether or not this kind of process is appropriate in the situation.

if the decide makes a ruling, the authorized charges from the winning social gathering are generally awarded on the dropping occasion. These costs might be collected together with the original debt, by way of example through seizure of belongings.

Yet another forbidden action is that the creditor can not obtain much more debit than it purported to, other than the situation exactly where the point out law provides so.

We provide in depth guidance on creditors’ rights and secured transactions, assisting clients enforce their legal rights and secure their pursuits in cases of debtor default.

Cyprus Civil course of action legislation: Governs the submitting of lawsuits, company of writs, and the judicial course of action for debt collection, establishing the groundwork for lawful steps against debtors.

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