The 2-Minute Rule for debt collection cyprus
The 2-Minute Rule for debt collection cyprus
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Our preference is to collect your claim with no court docket intervention. Therefore, we constantly begin a collection during the amicable period. If this has no outcome, then we commence with court action. having said that, we generally achieve this in consultation along with you very first.
Enforcement can be used for approximately 10 years following a judgement continues to be issued. The courtroom enforcement treatments which our staff of Cyprus legal professionals will carry out on behalf with the creditor are:
If we cannot Recuperate the desire and prices from the debtor, then these is going to be included in the rate. if you choose to choose legal action versus your debtor, then we go to an hourly or fastened price. We would not have any concealed charges and will initially seek the advice of you prior to continuing with any action.
Debt collection in Cyprus doesn't have for being a sophisticated method. With Bierens by your aspect, we will help you triumph over the language, cultural and authorized differences that crop up when dealing with debt collection in Cyprus.
it is vital to notice that that is a different approach from debt collection and may be handled by a lawful Expert.
It's because of the ensuing legal proceedings which can occur which work as a disincentive for them to stall the debt collection method a lot more.
It should be noted that the courtroom can implement the freezing on the debtor’s banking account or even to issue an get versus any immovable property the debtor has.
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in the framework of this method, it is achievable to judicially terminate fraudulent/fictitious transactions in the debtor directed at withdrawing their assets to be able to steer clear of debt repayment in the pressured sale of this sort of assets.
Statute of constraints: standard limitation period of six several years for the majority of civil actions, like debt Restoration, extendable below specified conditions.
We are dedicated to resolving your debt collection in Cyprus as promptly as you can. Once you have submitted your scenario, we will do everything we will to Get in touch with your debtor in Cyprus. We assure to own your debtor approached by telephone and in writing in Greek or Turkish.
need to your debtor fall short to respond, then our professionals and lawyers can offer you having an predicted final result or course of motion click here inside of four months. If lawful proceedings are vital, the debt collection method requires extended. The duration is dependent upon the authorized proceedings and on whether or not the debtor raises a defence.
you are able to Stick to the correspondence with all your debtor in Cyprus by means of our World-wide-web portal 24/seven. On top of that, your caseworker will always Speak to you by cellular phone or in writing to maintain you informed on the development within your debt collection in Cyprus.
These safeguards be certain a scientific method toward debt Restoration in Cyprus, striking a harmony between effective debt collection and protection of consumer legal rights from unjust collection practices.
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