The debt collection system in Cyprus can be divided into two phases. in the course of the extrajudicial stage, collection normally takes position devoid of Court intervention.
the worldwide financial disaster couldn't but have extended to Cyprus and monetary transactions happening in Cyprus. Liquidity remaining a significant issue, it's as of late paramount for businesses to gather the things they are owed for goods or products and services supplied.
This enables us to comply with a flexible and consumer centered technique as Element of our debt gathering tactic.
Recourse for Unfair tactics: customers can seek authorized suggestions or file issues with relevant authorities if they feel a debt collector violates their legal rights.
ready resources can be wasted by the creditor to adhere to up on otherwise irrecoverable debts owing and sometimes, the creditor’s only alternative is to deal with the debts as “poor”.
you could Adhere to the correspondence using your debtor in Cyprus by way of our Website portal 24/seven. Furthermore, your caseworker will generally contact you by telephone or in writing to keep you knowledgeable to the progress of your respective debt collection in Cyprus.
Our Worldwide debt collection Lawyers have in depth knowledge and familiarity with legislation and polices in Cyprus. We guarantee to acquire your debtor approached by cellular phone and in crafting in Greek or Turkish.
this method consists of sending a payment reminder on our behalf. most often, This is certainly enough to implement payment on the superb amount.
should really we believe that the debtor has no economical reliability and wouldn't pay back even with a courtroom judgment inside our palms, we'd then suggest the customer It is far from well worth pursuing this make any difference in court docket. This is often, having said that, hardly the case as being the debt might be collected properly in nearly all circumstances.
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The court sends a summons in your debtor. This can be an official call to appear before the court docket. Your debtor has the opportunity to file a defense against the assert in fourteen times. like a creditor, you then have 7 times to respond.
The judge will examine all submitted proof. Then, a hearing is going to be scheduled. in the Listening to, both equally the creditor plus the defendant have the opportunity to substantiate their arguments. both equally functions can request the choose to summon witnesses. in the end, the decide will render a call.
we could request a ecu Payment get within the designated court in your own personal region. They situation the payment order based upon numerous standard forms that we fill out in your case.