Often, a simple discussion can assist explain misunderstandings and expedite debt resolution. When achieving out, it’s important to:
generally, debt Restoration in Cyprus commences with contacting the debtor so that you can reach a mutual beneficial arrangement for the payment on the excellent sum of money. This usually applies to business enterprise-to-business enterprise contracts wherever creditors and corporations handle unpaid invoices.
A subpoena for confiscation and sale in the surety’s movable assets might be emitted. The surety’s movable assets should be Portion of general public auctions.
The amicable route gives several pros for all functions involved. Creditors circumvent the significant charges affiliated with legal proceedings and at the same time preserve a must have small business interactions, thanks to the approach’s cordial nature.
A lawsuit will be geared up by our staff of attorneys in Cyprus who'll then request the client to assessment it. The assertion of assert will include all amounts due along with the prices paid out with the customer for the debt collection method
considering the fact that we do the job with legal professionals in Cyprus, we can easily perform all conversation with the debtor in Cypriot language. This will increase the likelihood of payment even further more.
In accordance with situation legislation, any amounts compensated for the legal professionals as A part of the debt collection in Cyprus (offered They may be sensible) is usually recovered as damages from the debtor In combination with any of your amounts because of.
Extrajudicial debt collection, often called amicable debt collection, is definitely the try and Recuperate the debt devoid of involving the court docket. it's the swiftest and many economical way to make sure you acquire your cash, so at Collection enterprise, we always start with an extrajudicial method.
a firm in the debt Restoration predicament will have to seek a quick and productive resolution in advance of it adversely impacts organization processes.
Lyudvig Davtyan legislation Workplace is surely an Armenian dependent authorized entity which has a mission click here to satisfy the Unique and complex requires of customers. Our enthusiastic group and professional alliance supply big selection of authorized companies both of those in Armenia and overseas.
Andreas Danos legislation firm also represents customers in proceedings to protected claims along with in execution proceedings. Our attorneys acquire all legal steps in -execution proceedings which include but not limited to aforementioned debt collection via skilled execution offices.
Be suggested that this letter is an official recognize, which can be introduced as proof in authorized proceedings, in the event you fall short to clear the debt inside the provided timeframe. supplemental authorized costs and legal professional expenses may very well be incurred, plus your creditworthiness may well experience being a consequence.
Whether you end up picking to consult us in possibly the extrajudicial or judicial debt collection levels in Cyprus or abroad, our Office environment is ready to assist you.
Our precedence is an answer for our shopper, and one that achieves the target of recouping your owings in a quick, straightforward and amiable way.