The debt collection course of action in Cyprus is usually divided into two stages. During the extrajudicial phase, collection usually takes area without Court intervention.

We assure you that our firm's mission and core values will continue being unchanged and that we are going to continue on to offer the same large standard of services and commitment to our clientele that We've always supplied.

We are going to normally Get hold of your debtor by sending an Preliminary need letter plus a telephone contact. This way we steer clear of any kind of miscommunication. Our technique is often firm and respectful, so you will always be informed with the standing of the circumstance.

We cope with all from courtroom situations over a No Cure No shell out basis, also for debt collection in Cyprus. The starting up payment is €185,- for administrative expenditures. We purpose to Recuperate the principal sum which includes fascination and expenses from your debtor.

Filing a Defence In case the debtor information an appearance, then He'll even have to file a defence to the claim.

To involve a bailiff in Cyprus, it can be vital 1st to secure a authorized judgment or buy demanding the debtor to fulfill their economical obligations. Upon acquiring such an buy, bailiffs undertake a number of jobs such as the shipping of authorized documents to debtors, confiscation of belongings to fulfill the debt, and negotiation of payment plans in accordance with court docket directives.

once the judgment is issued, the treatments of enforcement may begin. The debtor’s property can be item from the enforcement If your Court decides so.

Our choice is to gather your declare click here with no courtroom intervention. for that reason, we generally begin a collection from the amicable stage. If this has no effect, then We'll discuss your judicial choices along with you. We will never intiate court proceedings without the need of your express consent.

Legal Consultation if important: ought to amicable resolution establish unfruitful, we provide three aggressive estimates from regional legislation firms, empowering you for making knowledgeable decisions regarding authorized action.

Gradually, we improve the tension through cell phone calls, SMS or WhatsApp messages, and email messages. We go on this right up until the superb Bill is compensated. in the duration of 3 months, there will be described as a highest of 16 moments of contact.

We are already dealing with Antonis Paschalides & Co LLC legislation firm for more than forty decades now on many alternative projects (examining of contracts, company matters, employment regulation issues, illustration prior to the European courtroom of Justice within the Cyprus bail in circumstances just to call several).

When the debtor refuses to pay even once the issuance of the courtroom judgment versus him, we are able to use the next treatments to be able to execute the court docket judgment:

We provide thorough advice on creditors’ rights and secured transactions, supporting consumers enforce their legal rights and shield their interests in cases of debtor default.

It’s forbidden for any collector to work with abusive language, to produce general public a listing with the debtors (Regardless that he can provide this details to other agencies) or to harass the debtor with many phone calls.