A Simple Key For cyprus law firm Unveiled

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We provide debt recovery and bad debt Restoration solutions to our purchasers to the Restoration of their funds and assets. Our experienced workforce of pros can assist With all the Restoration of your debt owing, the desire in addition to damages and fees incurred.

SCORDIS, PAPAPETROU & Co LLC is often a dynamic and major regulation firm in Cyprus whose roots date from 1922. right now it has in excess of 30 specialized lawyers and it is renowned for its solid Global company and dispute resolution follow and expertise.

In conclusion, debt collection in Cyprus can be a posh procedure, but with a transparent knowledge of the authorized process along with the actions included, creditors can successfully Get well unpaid debts.

When to Escalate: changeover to judicial proceedings ought to be deemed when amicable endeavours fail or statutory restrictions technique.

This letter features a paragraph that in the event the debtor won't answer within the deadline then authorized proceedings will be initiated by our workforce of Cyprus lawyers.

We typically fulfill the customer/creditor in individual or occasionally via speaking by means of cell phone or on line by using emails or skype.

For uncontested promises, There's a summary judicial process out there, which is a more rapidly plus much more Expense-effective alternative than a total demo. this method is useful for promises that are not disputed because of the debtor, and will involve a courtroom buy for payment or maybe the attachment of property.

no matter if you select to refer to us in possibly the extrajudicial or judicial debt collection stages in Cyprus or overseas, our Business office is All set to assist you.

lawful session if important: must amicable resolution establish unfruitful, we offer 3 aggressive estimates from area legislation firms, empowering you to create educated conclusions with regards to legal action.

However, In the event the debtor is unwilling or not able to pay back, the following step is to continue lawfully being a creditor. In Cyprus, a allow is just not required to perform debt collection functions, but it is necessary to know about the lawful processes and constraints.

In basic principle the statute of restrictions in Cyprus is ten years. This period starts when you take action from your debtor, for instance, by sending a reminder or perhaps a need letter.

We will usually Speak to your debtor by sending an First demand letter, which we also abide by up by using a phone contact. this way we website prevent any method of miscommunication. Our technique is usually firm and respectful, and you will almost always be informed in the standing of your respective circumstance.

Cyprus’ financial state is built of varied kinds of companies In accordance with their dimension, but will also of differing kinds of individuals. This is certainly why when working with debt recovery, the first facet to take into account is the sort of purchaser which includes did not meet up with his/her financial obligations then settle on the strategy to Get better the superb amount of cash.

we have been devoted to resolving your debt collection in Cyprus as immediately as you possibly can. when you have submitted your case, We are going to do every little thing we will to Make contact with your debtor in Cyprus.

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