Regardless of the emphasis on amicable resolution, circumstances could crop up in which transitioning to legal action will become inevitable. Indications for this transition incorporate persistent non-communication, habitual breach of repayment agreements, or intentional dodging because of the debtor.

SCORDIS, PAPAPETROU & Co LLC is usually a dynamic and leading law firm in Cyprus whose roots day from 1922. nowadays it's much more than thirty specialised legal professionals and is also renowned for its robust international corporate and dispute resolution apply and expertise.

We cope with all out-of-court docket conditions on a contingency payment basis, also for debt collection in Cyprus. We goal to Get better the principal sum which includes desire and expenses from the debtor.

propose numerous methods that aid them pay out the amounts because of in many installments, and therefore keep away from an increased monetary burden.

even though collection organizations can be utilized, It is usually probable to request authorized help, especially when handling vital quantities that should be recovered.

Debt collection in Cyprus does not have being a complicated process. With Bierens by your side, we can assist you prevail over the language, cultural and lawful variations that crop up when managing debt collection in Cyprus. As experts in Intercontinental debt collection, our industry experts can tell you everything you need to know when coping with cross border collections and international debtors to correctly Get well your payments.

software to look at the money scenario of your Debtor Applying into the court docket and requesting the assessment from the debtor’s money situation and necessitating the debtor to pay towards the creditor an installment each here month.

Our choice is to collect your declare without court intervention. Therefore, we normally begin a collection during the amicable period. If this has no outcome, then We're going to examine your judicial choices with you. We will never intiate court docket proceedings without your specific consent.

The authorized program in Cyprus is predicated to the widespread law method, Together with the Supreme Court getting the best courtroom of attraction. The court system for debt collection might be prolonged and dear, but it's a important stage for creditors with unpaid, uncontested statements.

slowly, we raise the strain by way of mobile phone calls, SMS or WhatsApp messages, and e-mails. We carry on this right until the outstanding invoice is paid out. in a very duration of 3 months, there'll become a most of 16 moments of Get in touch with.

within the hugely not likely occasion that we do not collect everything, you will not need to shell out us any service fees. yow will discover a complete overview of our fees on our charges site.

If forced execution would not produce optimistic success, if there are signs of personal bankruptcy (the debtor is not able to repay the debt, has fully commited an act of bankruptcy, etc.) and presented that the quantity of the debt is a minimum of fifteen,000 euros, then it truly is highly recommended to initiate bankruptcy proceedings.

Antonis Paschalides & Co LLC has typically represented the major banking establishments of Cyprus in collection in their community debts and has just lately been engaged by many international consumers wishing to collect from Cyprus centered individuals or organizations.

By Performing closely with our purchasers, we intention to expedite the method and secure payment in the debt quickly or go after a judgement to Get better payment.