If your debtor in Cyprus persistently refuses to pay for, there's no alternative but to initiate authorized proceedings. How This can be done in Cyprus relies on the quantity of the claim.
in the long run, it's your decision irrespective of whether you would like to commence with lawful action. If you need to do, our Global debt collection expert will discuss with you the lawful solutions available and what the authorized process will entail.
Furthermore, unique limitation durations utilize to specific issues. For claims linked to contract get the job done, There's a limitation period of six years.
If the amount owed is not really paid, we send a person last reminder. In this letter, we inform your debtor that They are going to be taken to court if payment just isn't gained by the specified day.
gathering debts in Cyprus encompasses reminder issuance, repayment negotiations, authorized motion initiation or maybe reporting defaulters to credit history organizations.
any time a Invoice or invoice continues to be unpaid, step one is to try collection by means of extrajudicial or amicable usually means. The extrajudicial phase involves all attempts to collect the debt devoid of involving the courts. In nine away from ten situations, This can be enough to recover your cash.
Enforcement can be employed for nearly ten many years following a judgement has actually been issued. The courtroom enforcement processes which our team of Cyprus lawyers will carry out on behalf with the creditor are:
Our intention is to add price and Gains to our clientele’ companies. We'll accomplish this via high-quality in company, integrity and determination. We can also be committed in sustaining a stimulated natural environment exactly click here where people today can obtain job progression and appropriate financial rewards.
This letter features a paragraph that in the event that the debtor does not reply in the deadline then legal proceedings will likely be initiated by our crew of Cyprus lawyers.
Our Cyprus attorneys are devoted to excellence in all parts of support and our services expectations apply in all instances.
In case the consumer decides to issue courtroom proceedings in opposition to the debtor In spite of everything other endeavours have failed, within a couple of days We're going to file the assert for the courtroom.
Our precedence would be that the debt is gathered in probably the most time successful way and Together with the minimum charges probable. We hence search for to prevent litigation where ever doable. in lots of conditions We are going to acquire the debt in just just weeks by simply sending an easy letter of assert.
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