5 Simple Statements About debt collection cyprus Explained
5 Simple Statements About debt collection cyprus Explained
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naturally, no person desires to go bankrupt. Our practical experience would be that the debtor abruptly finds a method to pay out as soon as a personal bankruptcy petition is submitted.
Evgenios Erotokritou is the CEO of E.R. workforce international Consultants and a skilled law firm specialised in corporate law and corporation development. don't hesitate to Get in touch with us for almost any authorized dilemma chances are you'll deal with.
Procedure for Debt Collection in Cyprus In Cyprus, debt collection in relation to commercial transactions delivers the creditor with automated entitlements. This is based on Directive 2011/7/EU on combating late payment in professional transactions which gives for the following:
Recourse for Unfair Practices: people can seek out lawful tips or file complaints with related authorities whenever they imagine a debt collector violates their rights.
sign-up for your free of charge profile and easily add your assert inside just 2 minutes. We match your request with our expansive community of above 500 attorneys and collection firms for getting you started promptly.
We generally meet up with the customer/creditor in human being or in some cases as a result of Talking via cell phone or on line by way of email messages or skype.
Debt collection in Cyprus constantly begins in the extrajudicial stage in which we mail your debtor customised demand from customers letters and get in touch with them by cellphone. Should your debtor disputes the assert or fails to reply, then we are able to continue by taking authorized action in consultation along with you.
the failure of small enterprises to pay their invoices also can lead to creditors attractive to debt collection procedures in Cyprus.
on the other hand, on condition that legal professionals Have a very authentic rationale to learn, all facts with the debtor, and particularly all data which happens to be publicly out there (for example Should read more they be obtained the Registrar of Companies in Cyprus) can be utilized because of the lawyers.
In the function of an undisputed assert concerning two get-togethers located in EU Member States (except Denmark), it can be done to commence European purchase for Payment proceedings. The attorney dealing with your situation can assess no matter if this sort of procedure is suitable in your circumstance.
Collection firm specializes in Global debt collection. Our professionals know precisely how to manage defaulters. We've got made an successful debt collection approach and get the job done together with lawyers, Lawyers, and bailiffs in Cyprus.
We are going to constantly Speak to your debtor by sending an Preliminary desire letter, which we also follow up which has a phone connect with. That way we prevent any form of miscommunication. Our technique is often firm and respectful, therefore you will always be knowledgeable of the standing of one's circumstance.
just after figuring out The problem and, therefore, advising the customer as to one of the best ways possible to a lot more ahead and also the techniques associated, beneath the presented circumstances, We'll then seek to learn just as much as possible with regards to the debtor and his fiscal trustworthiness.
Our lawyers, with about 27 a long time of working experience in debtor-creditor difficulties and industrial debt collections, are committed to supplying a dedicated and cost-efficient technique in the Restoration of all dimensions of business debt.
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